Is EuroDry Stock a Good Investment?

EuroDry Investment Advice

EDRY

To provide specific investment advice or recommendations on EuroDry stock, we recommend investors consider the following general factors when evaluating EuroDry. This will help you to make an informed decision on whether to include EuroDry in one of your diversified portfolios:

Examine EuroDry's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research EuroDry's leadership team and their track record. Good management can help EuroDry navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Marine Transportation space and any emerging trends that could impact EuroDry's business and its evolving consumer preferences.
Compare EuroDry's performance and market position to its competitors. Analyze how EuroDry is positioned in terms of product offerings, innovation, and market share.
Check if EuroDry pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about EuroDry's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

It's important to note that investing in EuroDry stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if EuroDry is a good investment.

Sell

Buy

Sell

Our investment recommendation module complements current analysts and expert consensus on EuroDry. It analyzes the firm potential to grow using all fundamental, technical, and market related data available at the time. To make sure EuroDry is not overpriced, please confirm all EuroDry fundamentals, including its total debt, and the relationship between the revenue and earnings per share . Given that EuroDry has a number of shares shorted of 303, we urge you to verify EuroDry market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Market Performance	Weak	Details
Volatility	Very steady	Details
Hype Condition	Stale	Details
Current Valuation	Fairly Valued	Details
Odds Of Distress	Below Average	Details
Economic Sensitivity	Slowly supersedes the market	Details
Investor Sentiment	Impartial	Details
Analyst Consensus	Strong Buy	Details
Reporting Quality (M-Score)	Unavailable	Details

Examine EuroDry Stock

Researching EuroDry's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 53.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.51. Some equities with similar Price to Book (P/B) outperform the market in the long run. EuroDry recorded a loss per share of 1.05. The entity had not issued any dividends in recent years.

To determine if EuroDry is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding EuroDry's research are outlined below:

	The company currently holds 103.93 M in liabilities with Debt to Equity (D/E) ratio of 0.69, which is about average as compared to similar companies. EuroDry has a current ratio of 0.54, indicating that it has a negative working capital and may not be able to pay financial obligations when due. 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.
	The entity reported the previous year's revenue of 47.59 M. Net Loss for the year was (2.91 M) with profit before overhead, payroll, taxes, and interest of 48.06 M.
	About 53.0% of EuroDry shares are held by company insiders
	Latest headline from investing.com: Earnings call EuroDry Limited reports revenue growth amid market challenges

EuroDry Quarterly Cash And Short Term Investments

10.8 Million

EuroDry uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in EuroDry. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to EuroDry's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.

	12th of February 2024 Upcoming Quarterly Report	View
	20th of May 2024 Next Financial Report	View
	31st of December 2023 Next Fiscal Quarter End	View
	12th of February 2024 Next Fiscal Year End	View
	30th of September 2023 Last Quarter Report	View
	31st of December 2022 Last Financial Announcement	View

Earnings surprises can significantly impact EuroDry's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises EuroDry's investors have experienced.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2021-05-20	2021-03-31	0.27	0.19	-0.08	29
2021-02-16	2020-12-31	-0.39	-0.31	0.08	20
2019-02-19	2018-12-31	0.17	0.25	0.08	47
2018-08-09	2018-06-30	0.06	0.16	0.1	166
2024-02-16	2023-12-31	0.32	0.13	-0.19	59
2022-11-10	2022-09-30	1.9	2.1	0.2	10
2020-02-12	2019-12-31	0.24	0.45	0.21	87
2019-11-14	2019-09-30	-0.1	-0.35	-0.25	250

EuroDry Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. EuroDry target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. EuroDry's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.

3	Strong Buy

Most EuroDry analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand EuroDry stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of EuroDry, talking to its executives and customers, or listening to those companies' conference calls.

Macroaxis Advice Exposure Valuation

EuroDry Target Price Projection

EuroDry's current and average target prices are 22.05 and 23.50, respectively. The current price of EuroDry is the price at which EuroDry is currently trading. On the other hand, EuroDry's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

EuroDry Market Quote on 22nd of May 2024

Low Price	22.05	Odds
High Price	22.05	Odds

22.05 Target Price

Analyst Consensus On EuroDry Target Price

Low Estimate	21.39	Odds
High Estimate	26.09	Odds

23.5

Historical

Lowest Forecast 21.39

Target Price 23.5

Highest Forecast 26.09

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on EuroDry and the information provided on this page.

EuroDry Analyst Ratings

EuroDry's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about EuroDry stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of EuroDry's financials, market performance, and future outlook by experienced professionals. EuroDry's historical ratings below, therefore, can serve as a valuable tool for investors.

Know EuroDry's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as EuroDry is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading EuroDry backward and forwards among themselves. EuroDry's institutional investor refers to the entity that pools money to purchase EuroDry's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.

		Shares
Renaissance Technologies Corp	2023-12-31	45.9 K
Ubs Group Ag	2023-12-31	0.0
Linden Thomas Advisory Services Llc	2024-03-31	19.6 K
Morgan Stanley - Brokerage Accounts	2023-12-31	3.8 K
Acadian Asset Management Llc	2024-03-31	2.7 K
U.s. Bancorp	2023-12-31	402
Goss Wealth Management Llc	2023-12-31	300
Archer Investment Corporation	2023-12-31	20.0
Advisor Group Holdings, Inc.	2023-12-31	13.0
Wells Fargo & Co	2023-12-31	0.0
Jpmorgan Chase & Co	2023-12-31	0.0

Note, although EuroDry's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

EuroDry's market capitalization trends

The company currently falls under 'Micro-Cap' category with a current market capitalization of 62.44 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 those looking for more risk prefer small-cap and mid-cap equities.

Market Cap

55.27 Million

EuroDry's profitablity analysis

EuroDry's profitability indicators refer to fundamental financial ratios that showcase EuroDry's ability to generate income relative to its revenue or operating costs. If, let's say, EuroDry is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, EuroDry's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of EuroDry's profitability requires more research than a typical breakdown of EuroDry's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.

	Last Reported	Projected for Next Year
Return On Tangible Assets	(0.01)	(0.01)
Return On Capital Employed	0.01	0.01
Return On Assets	(0.01)	(0.01)
Return On Equity	(0.03)	(0.03)

The company has Profit Margin (PM) of (0.06) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.21 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.21.

Determining EuroDry's profitability involves analyzing its financial statements and using various financial metrics to determine if EuroDry is a good buy. For example, gross profit margin measures EuroDry's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of EuroDry's profitability and make more informed investment decisions.

The data published in EuroDry's official financial statements usually reflect EuroDry's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of EuroDry. For example, before you start analyzing numbers published by EuroDry accountants, it's critical to develop an understanding of what EuroDry's liquidity, profitability, and earnings quality are in the context of the Marine Transportation space in which it operates.

Please note, the presentation of EuroDry's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, EuroDry's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in EuroDry's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of EuroDry. Please utilize our Beneish M Score to check the likelihood of EuroDry's management manipulating its earnings.

Evaluate EuroDry's management efficiency

Return On Tangible Assets is likely to rise to -0.01 in 2024. Return On Capital Employed is likely to drop to 0.01 in 2024. At this time, EuroDry's Net Tangible Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 4.3 M in 2024, whereas Total Assets are likely to drop slightly above 155.2 M in 2024. EuroDry's management efficiency ratios could be used to measure how well EuroDry manages its routine affairs as well as how well it operates its assets and liabilities.

	Last Reported	Projected for Next Year
Book Value Per Share	39.69	21.44
Net Current Asset Value	0.00	0.00
Tangible Asset Value	0.00	0.00
Tangible Book Value Per Share	43.22	21.79
Enterprise Value Over EBITDA	11.42	10.88
Price Book Value Ratio	0.48	0.47
Enterprise Value Multiple	11.42	10.88
Price Fair Value	0.48	0.47
Enterprise Value	145.8 M	153.1 M

The analysis of EuroDry's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze EuroDry's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of EuroDry Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.

Beta

0.744

Basic technical analysis of EuroDry Stock

As of the 22nd of May, EuroDry shows the Downside Deviation of 1.57, mean deviation of 1.25, and Coefficient Of Variation of 2955.19. EuroDry technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for EuroDry, which can be compared to its peers. Please confirm EuroDry standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if EuroDry is priced favorably, providing market reflects its regular price of 22.05 per share. Given that EuroDry has jensen alpha of 0.0313, we urge you to verify EuroDry's prevailing market performance to make sure the company can sustain itself at a future point.

Understand EuroDry's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing EuroDry's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

	Risk Adjusted Performance	0.0259
	Market Risk Adjusted Performance	0.2311
	Mean Deviation	1.25
	Semi Deviation	1.46
	Downside Deviation	1.57
	Coefficient Of Variation	2955.19
	Standard Deviation	1.65
	Variance	2.73
	Information Ratio	(0.01)
	Jensen Alpha	0.0313
	Total Risk Alpha	(0.16)
	Sortino Ratio	(0.02)
	Treynor Ratio	0.2211
	Maximum Drawdown	10.24
	Value At Risk	(2.23)
	Potential Upside	2.4
	Downside Variance	2.48
	Semi Variance	2.14
	Expected Short fall	(1.43)
	Skewness	0.4548
	Kurtosis	1.94

	Risk Adjusted Performance	0.0259
	Market Risk Adjusted Performance	0.2311
	Mean Deviation	1.25
	Semi Deviation	1.46
	Downside Deviation	1.57
	Coefficient Of Variation	2955.19
	Standard Deviation	1.65
	Variance	2.73
	Information Ratio	(0.01)
	Jensen Alpha	0.0313
	Total Risk Alpha	(0.16)
	Sortino Ratio	(0.02)
	Treynor Ratio	0.2211
	Maximum Drawdown	10.24
	Value At Risk	(2.23)
	Potential Upside	2.4
	Downside Variance	2.48
	Semi Variance	2.14
	Expected Short fall	(1.43)
	Skewness	0.4548
	Kurtosis	1.94

Consider EuroDry's intraday indicators

EuroDry intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of EuroDry stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

	Daily Balance Of Power	9.2 T
	Rate Of Daily Change	1.0
	Day Median Price	22.05
	Day Typical Price	22.05
	Price Action Indicator	0.005
	Period Momentum Indicator	0.01

EuroDry Corporate Filings

6K	21st of May 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.	View Verify
	24th of April 2024 Other Reports	View Verify
	11th of October 2023 Other Reports	View Verify
	27th of July 2023 Other Reports	View Verify

EuroDry time-series forecasting models is one of many EuroDry's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary EuroDry's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

EuroDry Stock media impact

Far too much social signal, news, headlines, and media speculation about EuroDry that are available to investors today. That information is available publicly through EuroDry media outlets and privately through word of mouth or via EuroDry internal channels. However, regardless of the origin, that massive amount of EuroDry data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.

A primary focus of EuroDry news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of EuroDry relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to EuroDry's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive EuroDry alpha.

EuroDry Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards EuroDry can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.

Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

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 the 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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How to buy EuroDry Stock?

Examine EuroDry's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research EuroDry's leadership team and their track record. Good management can help EuroDry navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Marine Transportation space and any emerging trends that could impact EuroDry's business and its evolving consumer preferences.
Compare EuroDry's performance and market position to its competitors. Analyze how EuroDry is positioned in terms of product offerings, innovation, and market share.
Check if EuroDry pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about EuroDry's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

Already Invested 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 Sharpe 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.

When determining whether EuroDry offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EuroDry's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eurodry Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eurodry Stock: