Eurodry Stock Price on May 26, 2022
| EDRY Stock | USD 20.24 0.38 1.91% |
Below is the normalized historical share price chart for EuroDry extending back to May 31, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of EuroDry stands at 20.24, as last reported on the 18th of April 2024, with the highest price reaching 20.52 and the lowest price hitting 20.04 during the day.
If you're considering investing in EuroDry Stock, it is important to understand the factors that can impact its price. EuroDry secures Sharpe Ratio (or Efficiency) of -0.02, which denotes the company had a -0.02% return per unit of risk over the last 3 months. EuroDry exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EuroDry's Variance of 2.74, standard deviation of 1.66, and Mean Deviation of 1.29 to check the risk estimate we provide.
Total Stockholder Equity is likely to drop to about 73.7 M in 2024. Common Stock Total Equity is likely to drop to about 20.1 K in 2024. Price To Sales Ratio is likely to drop to 1.05 in 2024. Price Earnings Ratio is likely to rise to -17.19 in 2024. EuroDry Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 31st of May 2018 | 200 Day MA 17.6111 | 50 Day MA 21.489 | Beta 0.734 |
EuroDry |
Sharpe Ratio = -0.02
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | EDRY |
Estimated Market Risk
| 1.67 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average EuroDry is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of EuroDry by adding EuroDry to a well-diversified portfolio.
Price Book 0.514 | Enterprise Value Ebitda 10.7471 | Price Sales 1.1843 | Shares Float 1.3 M | Wall Street Target Price 30 |
EuroDry Valuation on May 26, 2022
It is possible to determine the worth of EuroDry on a given historical date. On May 26, 2022 EuroDry was worth 27.96 at the beginning of the trading date compared to the closed value of 28.25. 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 EuroDry 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 | |
| 27.05 | 28.30 | 26.04 | 27.86 | 106,200 | |
05/26/2022 | 27.96 | 29.50 | 27.50 | 28.25 | 54,800 |
| 27.60 | 28.85 | 26.77 | 28.31 | 28,900 |
| Backtest EuroDry | | | EuroDry History | | | EuroDry Valuation | Previous | Next |
EuroDry Trading Date Momentum on May 26, 2022
| On May 27 2022 EuroDry was traded for 28.31 at the closing time. The top price for the day was 28.85 and the lowest listed price was 26.77 . The trading volume for the day was 28.9 K. The trading history from May 27, 2022 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 0.21% . The overall trading delta against the current closing price is 0.92% . |
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 stock prices may prove useful in developing a viable investing in EuroDry
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.8 M | 2.7 M | |
| Net Income Applicable To Common Shares | 38.6 M | 40.5 M |
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.
Price Boundaries
EuroDry Period Price Range
Low | May 26, 2022
| High |
27.96 | 28.25 |
EuroDry April 18, 2024 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's price 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 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.
| Risk Adjusted Performance | 0.0017 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.08) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EuroDry. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy EuroDry Stock please use our How to Invest in EuroDry guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for EuroDry Stock analysis
When running EuroDry's 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 the 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 Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |
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 (0.94) | Earnings Share (1.05) | Revenue Per Share 17.224 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0032 |
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 if EuroDry is a good investment 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.