Eagle Bulk Shipping Stock Cash And Equivalents
| EGLEDelisted Stock | USD 62.60 0.13 0.21% |
Eagle Bulk Shipping fundamentals help investors to digest information that contributes to Eagle Bulk's financial success or failures. It also enables traders to predict the movement of Eagle Stock. The fundamental analysis module provides a way to measure Eagle Bulk's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eagle Bulk stock.
Eagle |
Eagle Bulk Shipping Company Cash And Equivalents Analysis
Eagle Bulk's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Current Eagle Bulk Cash And Equivalents | 138.96 M |
Most of Eagle Bulk's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Eagle Bulk Shipping is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
CompetitionIn accordance with the recently published financial statements, Eagle Bulk Shipping has 138.96 M in Cash And Equivalents. This is 64.64% lower than that of the Marine Transportation sector and significantly higher than that of the Industrials industry. The cash and equivalents for all United States stocks is 94.86% higher than that of the company.
Eagle Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eagle Bulk's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Eagle Bulk could also be used in its relative valuation, which is a method of valuing Eagle Bulk by comparing valuation metrics of similar companies.Eagle Bulk is currently under evaluation in cash and equivalents category among related companies.
Eagle Fundamentals
| Return On Equity | 0.032 | ||||
| Return On Asset | 0.0136 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 1.07 B | ||||
| Shares Outstanding | 11.07 M | ||||
| Shares Owned By Insiders | 29.04 % | ||||
| Shares Owned By Institutions | 66.93 % | ||||
| Number Of Shares Shorted | 1.34 M | ||||
| Price To Earning | 2.55 X | ||||
| Price To Book | 1.15 X | ||||
| Price To Sales | 1.76 X | ||||
| Revenue | 393.8 M | ||||
| Gross Profit | 351.43 M | ||||
| EBITDA | 71.03 M | ||||
| Net Income | 22.73 M | ||||
| Cash And Equivalents | 138.96 M | ||||
| Cash Per Share | 10.15 X | ||||
| Total Debt | 492.53 M | ||||
| Debt To Equity | 0.53 % | ||||
| Current Ratio | 1.79 X | ||||
| Book Value Per Share | 64.36 X | ||||
| Cash Flow From Operations | 55.94 M | ||||
| Short Ratio | 5.19 X | ||||
| Earnings Per Share | 1.96 X | ||||
| Price To Earnings To Growth | 0.04 X | ||||
| Target Price | 61.29 | ||||
| Number Of Employees | 1.02 K | ||||
| Beta | 1.5 | ||||
| Market Capitalization | 693.16 M | ||||
| Total Asset | 1.15 B | ||||
| Retained Earnings | (156.73 M) | ||||
| Working Capital | (23.3 M) | ||||
| Current Asset | 41.03 M | ||||
| Current Liabilities | 37.91 M | ||||
| Annual Yield | 0.02 % | ||||
| Net Asset | 1.15 B | ||||
| Last Dividend Paid | 1.38 |
About Eagle Bulk Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eagle Bulk Shipping's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eagle Bulk using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eagle Bulk Shipping based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eagle Bulk in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eagle Bulk's short interest history, or implied volatility extrapolated from Eagle Bulk options trading.
Pair Trading with Eagle Bulk
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eagle Bulk position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eagle Bulk will appreciate offsetting losses from the drop in the long position's value.Moving together with Eagle Stock
| 0.68 | OP | Oceanpal | PairCorr |
| 0.76 | SB | Safe Bulkers Earnings Call Tomorrow | PairCorr |
| 0.83 | SB-PC | Safe Bulkers | PairCorr |
| 0.86 | SB-PD | Safe Bulkers | PairCorr |
Moving against Eagle Stock
| 0.77 | GASS | StealthGas | PairCorr |
| 0.71 | ZIM | ZIM Integrated Shipping Trending | PairCorr |
| 0.6 | NAT | Nordic American Tankers Financial Report 27th of May 2024 | PairCorr |
| 0.58 | PXSAW | Pyxis Tankers | PairCorr |
| 0.48 | ESEA | Euroseas Financial Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Eagle Bulk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Bulk when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eagle Bulk - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eagle Bulk Shipping to buy it.
The correlation of Eagle Bulk is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eagle Bulk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Bulk Shipping moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eagle Bulk can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in Eagle Stock
If you are still planning to invest in Eagle Bulk Shipping check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Eagle Bulk's history and understand the potential risks before investing.
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