Eurodry Stock Buy Hold or Sell Recommendation

EDRY
 Stock
  

USD 17.80  0.29  1.60%   

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Eurodry is 'Hold'. Macroaxis provides Eurodry buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Eurodry positions. The advice algorithm takes into account all of Eurodry's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from Eurodry's buy-and-hold perspective. Continue to Eurodry Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Eurodry and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Eurodry.

Execute Eurodry Buy or Sell Advice

The Eurodry recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Eurodry. Macroaxis does not own or have any residual interests in Eurodry or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Eurodry's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell EurodryBuy Eurodry
Hold

Volatility

Not too volatileDetails

Hype Condition

Under hypedDetails

Current Valuation

UndervaluedDetails

Odds of Distress

AverageDetails

Economic Sensitivity

Follows the market closelyDetails

Analyst Consensus

Strong BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Eurodry has a Risk Adjusted Performance of (0.17), Jensen Alpha of (0.62), Total Risk Alpha of 0.0414 and Treynor Ratio of (1.10)
Our trade advice tool can cross-verify current analyst consensus on Eurodry and to analyze the company potential to grow in the current economic cycle. To make sure Eurodry is not overpriced, please confirm all Eurodry fundamentals, including its total debt, and the relationship between the revenue and earnings per share . Given that Eurodry has a number of shares shorted of 64.85 K, we urge you to verify Eurodry market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Eurodry Trading Alerts and Improvement Suggestions

Eurodry generated a negative expected return over the last 90 days
Eurodry has high historical volatility and very poor performance
Eurodry has high likelihood to experience some financial distress in the next 2 years
About 44.0% of the company shares are held by company insiders
Latest headline from www.investorsobserver.com: Where Does EuroDry Ltd Stock Fall in the Marine Shipping Field - InvestorsObserver

Eurodry current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Eurodry analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Eurodry analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price47.85
Target Median Price45.00
Target High Price57.00
Number Of Analyst Opinions3
Target Low Price41.54
Average Consensus Strong Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Eurodry Returns Distribution Density

The distribution of Eurodry's historical returns is an attempt to chart the future uncertainty of Eurodry's future price movements. The chart of the probability distribution of Eurodry stock daily returns describes the distribution of returns around its average expected value. We use Eurodry price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Eurodry returns is essential to provide solid investment advice for Eurodry stock.
Mean Return-0.74Value At Risk-9.1
Potential Upside7.20Standard Deviation5.83
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Eurodry historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Eurodry Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Eurodry is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Eurodry backward and forwards among themselves. Eurodry's institutional investor refers to the entity that pools money to purchase Eurodry's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Blackrock IncCommon Shares180 K6.1 M
Acadian Asset Management LlcCommon Shares57.1 K1.9 M
Renaissance Technologies LlcCommon Shares26.3 K892 K
Quadrature Capital LtdCommon Shares24.8 K835 K
Two Sigma Advisers LpCommon Shares18.4 K624 K
Marshall Wace LlpCommon Shares17 K577 K
Navellier Associates IncCommon Shares10 K339 K
Note, although Eurodry's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Eurodry Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(9.64 M)(29.05 M)(1.11 M)(611.11 K)(36.82 M)(37.79 M)
Depreciation Amortization and Accretion4.79 M5.42 M6.46 M6.56 M7.66 M7.38 M
Net Cash Flow or Change in Cash and Cash Equivalents2.56 M2.85 M1.37 M(4.52 M)24.92 M26.89 M
Issuance Repayment of Debt Securities9.01 M24.63 M(7.02 M)(5.52 M)30.54 M32.95 M
Net Cash Flow from Financing9.28 M27.93 M(12.63 M)(6.24 M)22.61 M24.39 M
Net Cash Flow from Investing(9.64 M)(29.05 M)(1.11 M)(611.11 K)(36.82 M)(37.79 M)
Net Cash Flow from Operations2.91 M3.97 M15.11 M2.33 M39.14 M42.23 M

Eurodry Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Eurodry or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Eurodry stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Eurodry stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.62
β
Beta against DOW0.68
σ
Overall volatility
5.65
Ir
Information ratio -0.1

Eurodry Volatility Alert

Eurodry exhibits very low volatility with skewness of 0.09 and kurtosis of 1.69. However, we advise investors to further study Eurodry technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Eurodry's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Eurodry's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Eurodry Implied Volatility

Eurodry's implied volatility exposes the market's sentiment of Eurodry stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Eurodry's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Eurodry stock will not fluctuate a lot when Eurodry's options are near their expiration.

Eurodry Fundamentals Vs Peers

Comparing Eurodry's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Eurodry's direct or indirect competition across all of the common fundamentals between Eurodry and the related equities. This way, we can detect undervalued stocks with similar characteristics as Eurodry or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Eurodry's fundamental indicators could also be used in its relative valuation, which is a method of valuing Eurodry by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Eurodry to competition
FundamentalsEurodryPeer Average
Return On Equity48.13 %(0.31) %
Return On Asset18.08 %(0.14) %
Profit Margin48.34 %(1.27) %
Operating Margin60.35 %(5.51) %
Current Valuation159.23 M16.62 B
Shares Outstanding2.84 M571.82 M
Shares Owned by Insiders43.89 %10.09 %
Shares Owned by Institutions11.42 %39.21 %
Number of Shares Shorted64.85 K4.71 M
Price to Earning3.20 X28.72 X
Price to Book0.80 X9.51 X
Price to Sales0.79 X11.42 X
Revenue64.44 M9.43 B
Gross Profit51.54 M27.38 B
EBITDA46.55 M3.9 B
Net Income29.4 M570.98 M
Cash and Equivalents26.85 M2.7 B
Cash per Share9.20 X5.01 X
Total Debt78.65 M5.32 B
Debt to Equity1.00 %48.70 %
Current Ratio1.72 X2.16 X
Book Value Per Share22.14 X1.93 K
Cash Flow from Operations39.14 M971.22 M
Short Ratio0.72 X4.00 X
Earnings Per Share5.56 X3.12 X
Beta0.22-0.15
Market Capitalization50.63 M19.03 B
Total Asset124.11 M29.47 B
Retained Earnings(11.89 M)9.33 B
Working Capital(466.34 K)1.48 B
Current Asset10.03 M9.34 B
Current Liabilities10.5 M7.9 B

Eurodry Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Eurodry . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution3417.17
Daily Balance Of Power(0.15)
Rate Of Daily Change0.98
Day Median Price17.81
Day Typical Price17.81
Market Facilitation Index1.0E-4
Price Action Indicator(0.16)

About Eurodry Buy or Sell Advice

When is the right time to buy or sell Eurodry? Buying financial instruments such as Eurodry Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Eurodry investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Current Assets9.58 M6.06 M30.41 M32.81 M
Total Assets117.69 M107.51 M161.33 M152.3 M

Use Investing Ideas to Build Portfolios

In addition to having Eurodry in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Banking Thematic Idea Now

Banking
Banking Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banking theme has 61 constituents.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Banking Theme or any other thematic opportunities.
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Continue to Eurodry Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Eurodry information on this page should be used as a complementary analysis to other Eurodry's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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Is Eurodry's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eurodry. If investors know Eurodry will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eurodry listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
18.16
Market Capitalization
52 M
Quarterly Revenue Growth YOY
1.13
Return On Assets
0.21
Return On Equity
0.59
The market value of Eurodry is measured differently than its book value, which is the value of Eurodry that is recorded on the company's balance sheet. Investors also form their own opinion of Eurodry's value that differs from its market value or its book value, called intrinsic value, which is Eurodry's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eurodry's market value can be influenced by many factors that don't directly affect Eurodry's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eurodry's value and its price as these two are different measures arrived at by different means. Investors typically determine Eurodry value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eurodry's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.