NASDAQ:EDRY

EuroDry (EDRY) Stock Forecast, Price & News

$14.70

-0.40 (-2.65%)

(As of 11:58 AM ET)

Compare

Today's Range: $14.70
▼
$14.89
50-Day Range: $13.90
▼
$15.47
52-Week Range: $13.23
▼
$19.35

Volume: 811 shs
Average Volume: 9,972 shs
Market Capitalization: $41.75 million

P/E Ratio: 4.43
Dividend Yield: N/A
Price Target: $30.00

EuroDry MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 98.6% Upside
$30.00 Price Target
Short Interest: Healthy
0.05% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.31) to $1.08 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Transportation Sector

40th out of 118 stocks

Water Transportation Industry

7th out of 17 stocks

3.5

Analyst's Opinion

Consensus Rating
EuroDry has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.00, EuroDry has a forecasted upside of 98.6% from its current price of $15.10.
Amount of Analyst Coverage
EuroDry has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.05% of the float of EuroDry has been sold short.
Short Interest Ratio / Days to Cover
EuroDry has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in EuroDry has recently decreased by 50.00%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
EuroDry does not currently pay a dividend.
Dividend Growth
EuroDry does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EDRY.

2.8

News and Social Media Coverage

News Sentiment
EuroDry has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 1 news article for EuroDry this week, compared to 0 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, EuroDry insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 1.63% of the stock of EuroDry is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for EuroDry are expected to grow in the coming year, from ($2.31) to $1.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of EuroDry is 4.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of EuroDry is 4.55, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 10.34.
Price to Book Value per Share Ratio
EuroDry has a P/B Ratio of 0.38. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About EuroDry (NASDAQ:EDRY) Stock

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.

EDRY Price History

30 days | 90 days | 365 days | Advanced Chart

EDRY Stock News Headlines

September 25, 2023 | finance.yahoo.com

EuroDry (NASDAQ:EDRY) Might Have The Makings Of A Multi-Bagger

September 12, 2023 | msn.com

EuroDry Sets Sail For Expansion: Acquires Three Ultramax Bulkers In $65M Deal

October 4, 2023 | Behind the Markets (Ad)

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September 12, 2023 | msn.com

EuroDry to acquire three eco ultramax bulkers

September 12, 2023 | finance.yahoo.com

EuroDry Ltd. Announces Agreement to Acquire Three Eco Ultramax Bulkers

August 11, 2023 | finance.yahoo.com

Downgrade: Here's How Analysts See EuroDry Ltd. (NASDAQ:EDRY) Performing In The Near Term

August 10, 2023 | markets.businessinsider.com

Maxim Group Reaffirms Their Buy Rating on EuroDry (EDRY)

August 8, 2023 | finance.yahoo.com

EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2023

October 4, 2023 | Oxford Club (Ad)

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August 2, 2023 | finance.yahoo.com

EuroDry Ltd. Sets Date for the Release of Second Quarter 2023 Results, Conference Call and Webcast

July 6, 2023 | msn.com

EuroDry (EDRY) Price Target Decreased by 11.03% to 25.50

June 20, 2023 | msn.com

EuroDry Ltd.: Buy On Discounted Valuation, Strong Balance Sheet And Ongoing Share Repurchases

June 8, 2023 | finance.yahoo.com

Cautious Investors Not Rewarding EuroDry Ltd.'s (NASDAQ:EDRY) Performance Completely

May 17, 2023 | markets.businessinsider.com

Maxim Group Keeps Their Buy Rating on EuroDry (EDRY)

May 15, 2023 | finance.yahoo.com

EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2023

May 12, 2023 | msn.com

A Preview Of EuroDry's Earnings

May 10, 2023 | finance.yahoo.com

EuroDry Ltd. Sets Date for the Release of First Quarter 2023 Results, Conference Call and Webcast

April 25, 2023 | finance.yahoo.com

EuroDry Ltd. Announces Filing of Form 20-F with the SEC

April 17, 2023 | finance.yahoo.com

EuroDry (NASDAQ:EDRY) Is Looking To Continue Growing Its Returns On Capital

February 13, 2023 | finance.yahoo.com

EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2022

February 7, 2023 | finance.yahoo.com

EuroDry Ltd. Sets Date for the Release of Fourth Quarter 2022 Results, Conference Call and Webcast

January 11, 2023 | finance.yahoo.com

Investing in EuroDry (NASDAQ:EDRY) three years ago would have delivered you a 130% gain

December 17, 2022 | finance.yahoo.com

EuroDry Ltd. (EDRY) Stock Historical Prices & Data - Yahoo Finance

November 16, 2022 | finance.yahoo.com

EuroDry Third Quarter 2022 Earnings: EPS: US$2.11 (vs US$4.48 in 3Q 2021)

November 10, 2022 | finance.yahoo.com

EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2022

November 8, 2022 | finance.yahoo.com

EuroDry Ltd. Sets Date for the Release of Third Quarter 2022 Results, Conference Call and Webcast

October 18, 2022 | nasdaq.com

EuroDry (NASDAQ:EDRY) Is Very Good At Capital Allocation - Nasdaq

See More Headlines

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EDRY Company Calendar

Last Earnings: 8/08/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/09/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Water transportation
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NASDAQ:EDRY
CUSIP: N/A
CIK: 1731388
Web: www.eurodry.gr
Phone: 302111804005
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $30.00
High Stock Price Forecast: $30.00
Low Stock Price Forecast: $30.00
Forecasted Upside/Downside: +98.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.32
Trailing P/E Ratio: 4.55
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $33.54 million
Net Margins: 18.45%
Pretax Margin: 18.45%
Return on Equity: 7.30%
Return on Assets: 4.18%

Debt

Debt-to-Equity Ratio: 0.60
Current Ratio: 3.03
Quick Ratio: 2.96

Sales & Book Value

Annual Sales: $70.18 million
Price / Sales: 0.61
Cash Flow: $13.25 per share
Price / Cash Flow: 1.14
Book Value: $39.26 per share
Price / Book: 0.38

Miscellaneous

Outstanding Shares: 2,840,000
Free Float: N/A
Market Cap: $42.90 million
Optionable: Not Optionable
Beta: 0.42

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Key Executives

Mr. Aristides J. Pittas (Age 63)
Chairman, Pres & CEO

Dr. Anastasios Aslidis (Age 63)
CFO, Treasurer & Director

Mr. Symeon Pariaros
Chief Admin. Officer

Ms. Stephania Karmiri (Age 55)
Sec.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

EDRY Stock - Frequently Asked Questions

Should I buy or sell EuroDry stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EuroDry in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" EDRY shares.
View EDRY analyst ratings or view top-rated stocks.
What is EuroDry's stock price forecast for 2023?: 1 equities research analysts have issued 1-year target prices for EuroDry's stock. Their EDRY share price forecasts range from $30.00 to $30.00. On average, they expect the company's share price to reach $30.00 in the next year. This suggests a possible upside of 98.6% from the stock's current price.
View analysts price targets for EDRY or view top-rated stocks among Wall Street analysts.
How have EDRY shares performed in 2023?: EuroDry's stock was trading at $17.1850 at the start of the year. Since then, EDRY stock has decreased by 12.1% and is now trading at $15.1043.
View the best growth stocks for 2023 here.
Are investors shorting EuroDry?: EuroDry saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 700 shares, a decline of 50.0% from the August 31st total of 1,400 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.
View EuroDry's Short Interest.
When is EuroDry's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our EDRY earnings forecast.
How were EuroDry's earnings last quarter?: EuroDry Ltd. (NASDAQ:EDRY) issued its earnings results on Tuesday, August, 8th. The company reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of $0.68 by $1.16. The firm had revenue of $10.34 million for the quarter, compared to analyst estimates of $13.72 million. EuroDry had a net margin of 18.45% and a trailing twelve-month return on equity of 7.30%.

What other stocks do shareholders of EuroDry own?: Based on aggregate information from My MarketBeat watchlists, some companies that other EuroDry investors own include Akero Therapeutics (AKRO), Alpine Immune Sciences (ALPN), Advanced Micro Devices (AMD), Applied DNA Sciences (APDN), Brainstorm Cell Therapeutics (BCLI), Biocept (BIOC), Bionano Genomics (BNGO) and Boxlight (BOXL).
What is EuroDry's stock symbol?: EuroDry trades on the NASDAQ under the ticker symbol "EDRY."
How do I buy shares of EuroDry?: Shares of EDRY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is EuroDry's stock price today?: One share of EDRY stock can currently be purchased for approximately $15.10.
How much money does EuroDry make?: EuroDry (NASDAQ:EDRY) has a market capitalization of $42.90 million and generates $70.18 million in revenue each year. The company earns $33.54 million in net income (profit) each year or $3.32 on an earnings per share basis.
How can I contact EuroDry?: EuroDry's mailing address is 4 MESSOGIOU & EVROPIS STREET, MAROUSSI J3, 15124. The official website for the company is www.eurodry.gr. The company can be reached via phone at 302111804005 or via email at smp@euroseas.gr.

This page (NASDAQ:EDRY) was last updated on 10/4/2023 by MarketBeat.com Staff

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