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Home โบ Stocks โบ EuroDry Ltd. (EDRY) Stock Forecast & Price Prediction Greece | NASDAQ | Industrials | Marine Shipping
$20.23
-1.73 (-7.88%)Did EDRY Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if EuroDry is one of their latest high-conviction picks.
Based on our analysis of 3 Wall Street analysts, EDRY has a bullish consensus with a median price target of $29.00 (ranging from $25.00 to $34.00). The overall analyst rating is Strong Buy (9.3/10). Currently trading at $20.23, the median forecast implies a 43.4% upside. This outlook is supported by 3 Buy, 0 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for EDRY.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Nov 28, 2023 | Alliance Global Partners | Poe Fratt | Buy | Initiates | $30.00 |
| Feb 14, 2023 | Maxim Group | Tate Sullivan | Buy | Maintains | $30.00 |
| May 23, 2019 | Maxim Group | Buy | Assumes | $11.00 | |
| Jun 27, 2018 | Noble Capital Markets | Buy | Initiates | $12.00 | |
| Jun 27, 2018 | Noble Financial | Buy | Initiates | $N/A |
The following stocks are similar to EuroDry based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
EuroDry Ltd. has a market capitalization of $58.48M with a P/E ratio of 20.2x. The company generates $52.26M in trailing twelve-month revenue with a -8.2% profit margin.
Revenue growth is +19.9% quarter-over-quarter, while maintaining an operating margin of +26.7% and return on equity of -3.6%.
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Provider of drybulk shipping services.
EuroDry Ltd. operates as a ship-owning company that specializes in the transportation of drybulk cargoes, such as iron ore, coal, and grains. The company generates revenue by managing a fleet that facilitates the global trade of essential commodities, serving various industries that depend on reliable shipping solutions.
Based in Greece, EuroDry Ltd. benefits from its strategic location to optimize shipping routes and reduce transit times. The company focuses on maintaining a modern fleet to meet the demands of the drybulk market, making it a key player in global supply chains and sensitive to fluctuations in commodity demand and trade policies.
Industrials
Marine Shipping
0
Mr. Aristides J. Pittas
Greece
2018
EuroDry (EDRY) experienced a rise in share price with higher trading volume, but recent earnings estimate revisions indicate potential weakness ahead.
EuroDry's share price surge on high volume may indicate short-term interest, but declining earnings estimates could signal potential weakness, impacting future performance.
EuroDry (EDRY) has passed the "Recent Price Strength" screen, indicating potential as a profitable investment opportunity for those targeting actively rising stocks.
EuroDry's recent price strength signals upward momentum, indicating potential for profit and attracting investor interest in a favorable market trend.
EuroDry (EDRY) and Euroseas Ltd. (ESEA) have shown performance metrics relative to their sector in 2023. Further details on specific performance metrics were not provided.
Performance comparisons highlight the relative strength or weakness of EuroDry and Euroseas against their sector, influencing investor sentiment and potential investment decisions.
EDRY's earnings and revenue estimates have increased, supported by strong liquidity and buybacks, leading to a 60% share price rally over the past year.
EDRY's rising earnings, revenue forecasts, strong liquidity, and buyback initiatives indicate robust financial health, driving a 60% share price increase, signaling bullish investor sentiment.
EuroDry (EDRY) and Euroseas Ltd. (ESEA) are being compared to their sector's performance for the year to date. Further details on their specific performance are not provided.
The performance comparison of EuroDry and Euroseas Ltd. against their sector indicates their relative strength, influencing investment decisions and sector outlook assessments.
EuroDry (EDRY) has been identified as a strong candidate for maintaining its recent upward trend, having passed the "Recent Price Strength" screening.
EuroDry's positive price momentum indicates strong investor interest and potential for continued growth, making it a noteworthy option for those seeking upward-trending stocks.
Based on our analysis of 3 Wall Street analysts, EuroDry Ltd. (EDRY) has a median price target of $29.00. The highest price target is $34.00 and the lowest is $25.00.
According to current analyst ratings, EDRY has 3 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $20.23. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict EDRY stock could reach $29.00 in the next 12 months. This represents a 43.4% increase from the current price of $20.23. Please note that this is a projection by Wall Street analysts and not a guarantee.
EuroDry Ltd. operates as a ship-owning company that specializes in the transportation of drybulk cargoes, such as iron ore, coal, and grains. The company generates revenue by managing a fleet that facilitates the global trade of essential commodities, serving various industries that depend on reliable shipping solutions.
The highest price target for EDRY is $34.00 from at , which represents a 68.1% increase from the current price of $20.23.
The lowest price target for EDRY is $25.00 from at , which represents a 23.6% increase from the current price of $20.23.
The overall analyst consensus for EDRY is bullish. Out of 3 Wall Street analysts, 3 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $29.00.
Stock price projections, including those for EuroDry Ltd., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.