Eurodry Stock Analysis

EuroDry Stock Analysis Notes

About 51.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.51. Some equities with similar Price to Book (P/B) outperform the market in the long run. EuroDry recorded a loss per share of 1.05. The entity had not issued any dividends in recent years. EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. Eurodry is traded on NASDAQ Exchange in the United States. To learn more about EuroDry call the company at 30 211 18 04 005 or check out https://www.eurodry.gr.

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EuroDry Thematic Classifications

EuroDry Stock Institutional Investors

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 Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 58.09 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate EuroDry's market, we take the total number of its shares issued and multiply it by EuroDry's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

EuroDry Profitablity

The company has Profit Margin (PM) of (0.06) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.21 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.21.

Management Efficiency

Return On Tangible Assets is likely to rise to -0.01 in 2024. Return On Capital Employed is likely to drop to 0.01 in 2024. At this time, EuroDry's Net Tangible Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 4.5 M in 2024, whereas Total Assets are likely to drop slightly above 155.2 M in 2024. EuroDry's management efficiency ratios could be used to measure how well EuroDry manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 24th of April, EuroDry shows the Coefficient Of Variation of 10101.38, downside deviation of 1.56, and Mean Deviation of 1.29. EuroDry technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for EuroDry, which can be compared to its peers. Please confirm EuroDry standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if EuroDry is priced favorably, providing market reflects its regular price of 20.73 per share. Given that EuroDry has jensen alpha of 0.0092, we urge you to verify EuroDry's prevailing market performance to make sure the company can sustain itself at a future point.

EuroDry Price Movement Analysis

EuroDry Predictive Daily Indicators

EuroDry Corporate Filings

EuroDry Forecast Models

EuroDry's time-series forecasting models are one of many EuroDry's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary EuroDry's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how EuroDry prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling EuroDry shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as EuroDry. By using and applying EuroDry Stock analysis, traders can create a robust methodology for identifying EuroDry entry and exit points for their positions.

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.

EuroDry stock analysis indicators help investors 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 understating and applying EuroDry stock analysis, traders can identify EuroDry position entry and exit signals to maximize returns.

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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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.

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 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.