Eurodry Stock Price on June 15, 2022

EDRY Stock  USD 20.75  0.76  3.53%   
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 20.75, as last reported on the 28th of March, with the highest price reaching 21.50 and the lowest price hitting 20.31 during the day.
IPO Date
31st of May 2018
200 Day MA
17.1296
50 Day MA
21.5612
Beta
0.727
 
Covid
If you're considering investing in EuroDry Stock, it is important to understand the factors that can impact its price. We consider EuroDry very steady. EuroDry secures Sharpe Ratio (or Efficiency) of 0.0802, which denotes the company had a 0.0802% return per unit of risk over the last 3 months. We have found thirty technical indicators for EuroDry, which you can use to evaluate the volatility of the firm. Please confirm EuroDry's Downside Deviation of 1.67, mean deviation of 1.45, and Coefficient Of Variation of 1445.22 to check if the risk estimate we provide is consistent with the expected return of 0.16%.
  
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 Earnings To Growth Ratio is likely to rise to 0.18 in 2024, despite the fact that Price Earnings Ratio is likely to grow to (17.19). EuroDry Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0802

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Estimated Market Risk

 1.99
  actual daily
17
83% of assets are more volatile

Expected Return

 0.16
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.08
  actual daily
6
94% of assets perform better
Based on monthly moving average EuroDry is performing at about 6% of its full potential. 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 it to a well-diversified portfolio.
Price Book
0.5554
Enterprise Value Ebitda
11.0679
Price Sales
1.2799
Shares Float
1.3 M
Wall Street Target Price
30

EuroDry Valuation on June 15, 2022

It is possible to determine the worth of EuroDry on a given historical date. On June 15, 2022 EuroDry was worth 21.88 at the beginning of the trading date compared to the closed value of 21.83. 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
  21.45    23.45    21.43    21.76    39,500  
06/15/2022
  21.88    22.40    21.53    21.83    19,500  
  21.30    21.30    20.16    20.65    33,400  
Backtest EuroDry  |  EuroDry History  |  EuroDry Valuation   PreviousNext  
Open Value
21.88
21.83
Closing Value
27.85
Upside

EuroDry Trading Date Momentum on June 15, 2022

On June 16 2022 EuroDry was traded for  20.65  at the closing time. The top price for the day was 21.30  and the lowest listed price was  20.16 . The trading volume for the day was 33.4 K. The trading history from June 16, 2022 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 5.41% . The overall trading delta against the current closing price is 16.67% .

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 ReportedProjected for 2024
Common Stock Shares Outstanding2.8 M2.6 M
Net Income Applicable To Common Shares38.6 M40.5 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.
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
June 15, 2022
High

 21.88 

  

 21.83 

-0.05-0.23%

EuroDry March 28, 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.
When determining whether EuroDry offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EuroDry's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eurodry Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eurodry Stock:
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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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.
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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
(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.