Eurodry Stock Price on February 3, 2021 Breakdown

EDRY -  USA Stock  

USD 22.35  0.41  1.80%

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  22.35 , as last reported on the 1st of August, with the highest price reaching  24.10  and the lowest price hitting  22.05  during the day.
Eurodry appears to be somewhat reliable, given 3 months investment horizon. Eurodry secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had 0.13% 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 0.89% is justified by implied risk. Please utilize Eurodry's Downside Deviation of 5.45, coefficient of variation of 609.02, and Mean Deviation of 5.21 to check if our risk estimates are consistent with your expectations.

Search Stock Price History 

 
Refresh
Net Income Common Stock is likely to drop to about (8 M) in 2021. Eurodry Price to Book Value is fairly stable at the moment as compared to the past year. Eurodry reported Price to Book Value of 0.36 in 2020. Price to Sales Ratio is likely to rise to 0.57 in 2021, whereas Price to Earnings Ratio are likely to drop (1.72)  in 2021.

Eurodry Main Headline on 3rd of February 2021

Unclassified Event
by SEC
Unclassified Corporate Event

Eurodry Valuation on February 3, 2021

It is possible to determine the worth of Eurodry on a given historical date. On February 3, 2021 Eurodry was worth 7.63 at the beginning of the trading date compared to the closed value of 7.15. 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
  7.91    8.27    6.94    7.18    63,339  
02/03/2021
  7.63    8.10    6.90    7.15    169,557  
  7.02    7.76    7.02    7.65    83,917  
Backtest Eurodry  |  Eurodry History  |  Eurodry Valuation   PreviousNext  
Open Value
7.63
3rd of February 2021
7.15
Closing Value
28.86
Upside

Eurodry Trading Date Momentum on February 3, 2021

On February 04 2021 Eurodry was traded for  7.65  at the closing time. The top price for the day was 7.76  and the lowest listed price was  7.02 . The trading volume for the day was 83.9 K. The trading history from February 4, 2021 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 6.99% . The overall trading delta against the current closing price is 34.55% .

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 2021
Weighted Average Shares2.3 M2.4 M
Weighted Average Shares Diluted2.3 M2.4 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 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
February 3, 2021
High
 7.63 
  
 7.15 
-0.48-6.29%

Eurodry August 1, 2021 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Eurodry Stock analysis

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.
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
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 underlying business (such as 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.