The stock price of Costamare Inc (NYSE: CMRE) has plunged by 0.00 when compared to previous closing price of 11.52, but the company has seen a 5.40% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that The increased demand for goods and services bodes well for the Transportation-Shipping industry. Stocks like Danaos (DAC), Costamare (CMRE) and Seanergy Maritime (SHIP) are likely to gain from this promising scenario.
Is It Worth Investing in Costamare Inc (NYSE: CMRE) Right Now?
The price-to-earnings ratio for Costamare Inc (NYSE: CMRE) is above average at 3.90x. The 36-month beta value for CMRE is also noteworthy at 1.32. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for CMRE is 43.38M, and at present, short sellers hold a 2.86% of that float. The average trading volume of CMRE on April 26, 2024 was 404.08K shares.
CMRE’s Market Performance
The stock of Costamare Inc (CMRE) has seen a 5.40% increase in the past week, with a 2.04% rise in the past month, and a 5.88% gain in the past quarter. The volatility ratio for the week is 2.84%, and the volatility levels for the past 30 days are at 2.52% for CMRE. The simple moving average for the past 20 days is 2.63% for CMRE’s stock, with a 11.26% simple moving average for the past 200 days.
Analysts’ Opinion of CMRE
Many brokerage firms have already submitted their reports for CMRE stocks, with Jefferies repeating the rating for CMRE by listing it as a “Hold.” The predicted price for CMRE in the upcoming period, according to Jefferies is $10 based on the research report published on April 24, 2023 of the previous year 2023.
Stifel, on the other hand, stated in their research note that they expect to see CMRE reach a price target of $11, previously predicting the price at $12.50. The rating they have provided for CMRE stocks is “Hold” according to the report published on January 13th, 2023.
Jefferies gave a rating of “Buy” to CMRE, setting the target price at $19 in the report published on July 21st of the previous year.
CMRE Trading at 2.43% from the 50-Day Moving Average
After a stumble in the market that brought CMRE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.78% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares surge +2.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.18% upper at present.
During the last 5 trading sessions, CMRE rose by +6.08%, which changed the moving average for the period of 200-days by +16.18% in comparison to the 20-day moving average, which settled at $11.24. In addition, Costamare Inc saw 10.66% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CMRE
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.3 for the gross margin
The net margin for Costamare Inc stands at 0.26. The total capital return value is set at 0.1. Equity return is now at value 17.00, with 7.58 for asset returns.
Based on Costamare Inc (CMRE), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is 3.24.
Currently, EBITDA for the company is 533.16 million with net debt to EBITDA at 4.35. When we switch over and look at the enterprise to sales, we see a ratio of 2.16. The receivables turnover for the company is 18.12for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
In summary, Costamare Inc (CMRE) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
