With 0.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.34 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $14.48 whereas the lowest price it dropped to was $13.98. The 52-week range on CMRE shows that it touched its highest point at $17.58 and its lowest point at $8.61 during that stretch. It currently has a 1-year price target of $14.00. With its current market cap of 1.72 billion, CMRE has annualized dividend of $0.46 while the current yield stands at 3.19%. Beta for the stock currently stands at 1.36.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CMRE was up-trending over the past week, with a rise of 9.16%, but this was down by -0.96% over a month. Three-month performance surged to 3.00% while six-month performance rose 10.08%. The stock gained 58.81% in the past year, while it has gained 38.52% so far this year. A look at the trailing 12-month EPS for CMRE yields 3.01 with Next year EPS estimates of 2.94. For the next quarter, that number is 0.74. This implies an EPS growth rate of 36.47% for this year and 4.07% for next year.
Float and Shares Shorts:
At present, 118.37 million CMRE shares are outstanding with a float of 42.87 million shares on hand for trading. On 2024-10-15, short shares totaled 2.38 million, which was 199.00000000000003 higher than short shares on 1726185600. In addition to Mr. Konstantinos V. Konstantakopoulos as the firm’s Chairman & CEO, Mr. Gregory G. Zikos serves as its CFO & Director.
Institutional Ownership:
Through their ownership of 0.26773 of CMRE’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CMRE reported revenue of $544641000.0 and operating income of $98139000.0. The EBITDA in the recently reported quarter was $106913000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CMRE since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CMRE analysts setting a high price target of 15.0 and a low target of 13.0, the average target price over the next 12 months is 14.0. Based on these targets, CMRE could surge 4.02% to reach the target high and fall by -9.85% to reach the target low. Reaching the average price target will result in a decline of -2.91% from current levels.
Analysts have provided yearly estimates in a range of $2.88511 being high and $2.76489 being low. For CMRE, this leads to a yearly average estimate of $2.825.
