Weiss Ratings Reaffirms "Sell (E)" Rating for Heidmar Maritime (NASDAQ:HMR)

Key Points

• Weiss Ratings has reiterated its "Sell (E)" rating for Heidmar Maritime (NASDAQ:HMR), indicating ongoing concerns about the stock's performance.
• Despite Weiss's stance, B. Riley has given HMR a "Buy" rating with a price target of $5.00, while another firm recently upgraded it to a "Hold" rating.
• Heidmar Maritime's latest earnings report revealed a $0.01 EPS against a consensus estimate of $0.05, while the company's revenue of $9.58 million exceeded expectations of $5.19 million.

Heidmar Maritime (NASDAQ:HMR - Get Free Report)'s stock had its "sell (e)" rating reiterated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also weighed in on HMR. B. Riley started coverage on shares of Heidmar Maritime in a report on Tuesday, July 15th. They set a "buy" rating and a $5.00 price objective on the stock. Wall Street Zen upgraded shares of Heidmar Maritime to a "hold" rating in a report on Sunday, June 15th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Heidmar Maritime has an average rating of "Hold" and a consensus price target of $5.00.

Heidmar Maritime Trading Up 2.4%

Shares of HMR opened at $1.26 on Wednesday. The firm's fifty day moving average price is $1.39. Heidmar Maritime has a 12 month low of $1.09 and a 12 month high of $10.04.

Heidmar Maritime (NASDAQ:HMR - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The business had revenue of $9.58 million for the quarter, compared to analyst estimates of $5.19 million.

Heidmar Maritime Company Profile

Heidmar Maritime Holdings Corp. provides commercial and pool management services to the dry bulk, crude oil, and refined petroleum product tanker markets worldwide. It offers tanker pool and commercial management, dry bulk pool and commercial management, and fuel services. The company also operates a platform to invest in tanker or drybulk vessels offering a range of customized services for the investor, as well as engages in the sale and purchase of second-hand vessels and newbuilds in the tanker and drybulk sectors.

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