Eurodry Stock Price on January 21, 2022 Breakdown

EDRY -  USA Stock  

USD 32.84  0.15  0.46%

Eurodry Stock price history is provided at the adjusted basis, taking into account all of the recent filings. As of today, the current price of Eurodry is  32.84 , as last reported on the 22nd of May, with the highest price reaching  33.90  and the lowest price hitting  31.24  during the day.
Eurodry appears to be not too volatile, given 3 months investment horizon. Eurodry secures Sharpe Ratio (or Efficiency) of 0.0995, which denotes the company had 0.0995% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By reviewing Eurodry technical indicators you can presently evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Eurodry's Mean Deviation of 5.1, downside deviation of 6.38, and Coefficient Of Variation of 966.54 to check if our risk estimates are consistent with your expectations.
  
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Net Income Common Stock is likely to rise to about 31.7 M in 2022. Price to Earnings Ratio is likely to rise to 1.68 in 2022, whereas Price to Book Value is likely to drop 0.64 in 2022.

Eurodry Valuation on January 21, 2022

It is possible to determine the worth of Eurodry on a given historical date. On January 21, 2022 Eurodry was worth 18.78 at the beginning of the trading date compared to the closed value of 17.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eurodry stock. Still, in general, we apply an absolute valuation method to find Eurodry's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eurodry's related companies.
 Open High Low Close Volume
  19.98    20.99    18.85    19.09    30,737  
01/21/2022
  18.78    19.10    17.40    17.71    54,803  
  16.95    17.60    15.80    17.18    50,188  
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Open Value 18.78
17.71
Closing Value
38.59
Upside

Eurodry Trading Date Momentum on January 21, 2022

On January 24 2022 Eurodry was traded for  17.18  at the closing time. The top price for the day was 17.60  and the lowest listed price was  15.80 . The trading volume for the day was 50.2 K. The trading history from January 24, 2022 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.99% . The overall trading delta against the current closing price is 5.48% .

Eurodry Fundamentals Correlations and Trends

By evaluating Eurodry's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Eurodry's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Eurodry financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Eurodry Stock history

Eurodry investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Eurodry is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eurodry will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Eurodry historical stock prices may prove useful in developing a viable investing in Eurodry
Last ReportedProjected for 2022
Weighted Average Shares2.5 M2.6 M
Weighted Average Shares Diluted2.5 M2.6 M
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. Eurodry operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange.

Eurodry Quarterly Market Capitalization

98.96 Million

Share

Eurodry Stock Technical Analysis

Eurodry technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Eurodry technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eurodry trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Eurodry Period Price Range

Low
January 21, 2022
High

 18.78 

  

 17.71 

-1.07-5.7%

Eurodry May 22, 2022 Market Strength

Market strength indicators help investors to evaluate how Eurodry stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eurodry shares will generate the highest return on investment. By undertsting and applying Eurodry stock market strength indicators, traders can identify Eurodry entry and exit signals to maximize returns

Eurodry Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Eurodry stock's direction in advance. Along with the technical and fundamental analysis of Eurodry Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eurodry to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Continue to Investing Opportunities. 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Eurodry price analysis, check to measure Eurodry's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eurodry is operating at the current time. Most of Eurodry's value examination focuses on studying past and present price action to predict the probability of Eurodry's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Eurodry's price. Additionally, you may evaluate how the addition of Eurodry to your portfolios can decrease your overall portfolio volatility.
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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.
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.