Eurodry Stock Quote Today

EDRY
 Stock
  

USD 17.80  0.29  1.60%   

Market Performance
0 of 100
Odds Of Distress
Over 51
Eurodry is trading at 17.80 as of the 2nd of July 2022; that is -1.6 percent decrease since the beginning of the trading day. The stock's open price was 18.09. Eurodry has 51 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Eurodry are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2022 and ending today, the 2nd of July 2022. Click here to learn more.
CUSIP
Y23508107
Fiscal Year End
December
Business Domain
Transportation
IPO Date
31st of May 2018
Category
Industrials
Classification
Industrials
ISIN
MHY235081079
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains and minor bulks, including bauxite, phosphate, and fertilizers. The company has 2.84 M outstanding shares of which 64.85 K shares are currently shorted by private and institutional investors with about 0.72 trading days to cover. More on Eurodry

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Eurodry Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Eurodry's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eurodry or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Eurodry generated a negative expected return over the last 90 days
Eurodry has high historical volatility and very poor performance
Eurodry has high likelihood to experience some financial distress in the next 2 years
About 44.0% of the company shares are held by company insiders
Latest headline from www.investorsobserver.com: Where Does EuroDry Ltd Stock Fall in the Marine Shipping Field - InvestorsObserver
Fama & French Classification
Average Analyst Recommendation
Analysts covering Eurodry report their recommendations after researching Eurodry's financial statements, talking to executives and customers, or listening in on Eurodry's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Eurodry. The Eurodry consensus assessment is calculated by taking the average forecast from all of the analysts covering Eurodry.
Strong Buy2 Opinions
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Eurodry based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Eurodry financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 5 - HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares2.6 M2.5 M
Fairly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted2.6 M2.5 M
Fairly Up
Increasing
Slightly volatile
Net Cash Flow from Operations42.2 M39.1 M
Significantly Up
Increasing
Slightly volatile
Total Assets152.3 M161.3 M
Notably Down
Increasing
Slightly volatile
Total Liabilities80.6 M82.4 M
Fairly Down
Increasing
Slightly volatile
Current Assets32.8 M30.4 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities16 M17.7 M
Moderately Down
Increasing
Slightly volatile
Total Debt72 M78.7 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets0.230.212
Significantly Up
Increasing
Slightly volatile
Gross Margin0.730.8
Significantly Down
Increasing
Slightly volatile
Asset Turnover0.40.465
Fairly Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Eurodry's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldUndervalued
Financial Strength
Eurodry's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Eurodry's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Eurodry's financial leverage. It provides some insight into what part of Eurodry's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Eurodry's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Eurodry deploys its capital and how much of that capital is borrowed.
Liquidity
Eurodry cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 78.65 M in liabilities with Debt to Equity (D/E) ratio of 1.0, which is about average as compared to similar companies. Eurodry has a current ratio of 1.69, which is within standard range for the sector. Debt can assist Eurodry until it has trouble settling it off, either with new capital or with free cash flow. So, Eurodry's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eurodry sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eurodry to invest in growth at high rates of return. When we think about Eurodry's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

42.23 MillionShare
Eurodry (EDRY) is traded on NASDAQ Exchange in USA. It is located in 4 Messogiou & Evropis Street . Eurodry is listed under Transportation category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with current market capitalization of 50.63 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 these looking for more risk prefer small-cap and mid-cap equities. Eurodry conducts business under Industrials sector and is part of Marine Shipping industry. The entity has 2.84 M outstanding shares of which 64.85 K shares are currently shorted by private and institutional investors with about 0.72 trading days to cover. Eurodry currently holds about 26.85 M in cash with 39.14 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.2.
Check Eurodry Probability Of Bankruptcy
Ownership
The market capitalization of Eurodry is $50.63 Million. Eurodry retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.

Ownership Allocation (%)

Check Eurodry Ownership Details

Eurodry Stock Price Odds Analysis

What are Eurodry's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Eurodry jumping above the current price in 90 days from now is roughly 97.0%. The Eurodry probability density function shows the probability of Eurodry stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Eurodry has a beta of 0.679 suggesting as returns on the market go up, Eurodry average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eurodry will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Eurodry is significantly underperforming DOW.
  Odds Below 17.8HorizonTargetOdds Above 17.8
3.43%90 days
 17.80 
96.55%
Based on a normal probability distribution, the odds of Eurodry to move above the current price in 90 days from now is roughly 97.0 (This Eurodry probability density function shows the probability of Eurodry Stock to fall within a particular range of prices over 90 days) .

Eurodry Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Eurodry that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Eurodry's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Eurodry's value.
InstituionSecurity TypeTotal SharesValue
Blackrock IncCommon Shares180 K6.1 M
Acadian Asset Management LlcCommon Shares57.1 K1.9 M
View Eurodry Diagnostics

Eurodry Historical Income Statement

Eurodry Income Statement is one of the three primary financial statements used for reporting Eurodry's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Eurodry revenue and expense. Eurodry Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Eurodry Revenues is fairly stable at the moment as compared to the past year. Eurodry reported Revenues of 64.44 Million in 2021. Weighted Average Shares is likely to rise to about 2.6 M in 2022, whereas Selling General and Administrative Expense is likely to drop slightly above 2.5 M in 2022. View More Fundamentals

Eurodry Stock Against Markets

Picking the right benchmark for Eurodry stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Eurodry stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Eurodry is critical whether you are bullish or bearish towards Eurodry at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eurodry without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Investing Eurodry

You need to understand the risk of investing before taking a position in Eurodry. The danger of trading Eurodry is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eurodry is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eurodry. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eurodry is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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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.
Quarterly Earnings Growth YOY
18.16
Market Capitalization
52 M
Quarterly Revenue Growth YOY
1.13
Return On Assets
0.21
Return On Equity
0.59
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.