In the past week, CMRE stock has gone up by 8.66%, with a monthly gain of 20.13% and a quarterly surge of 22.09%. The volatility ratio for the week is 2.50%, and the volatility levels for the last 30 days are 2.62% for Costamare Inc The simple moving average for the past 20 days is 15.03% for CMRE’s stock, with a 28.30% simple moving average for the past 200 days.
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 4.55x, Company’s 36-month beta value is 1.28.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for CMRE is 43.38M, and currently, short sellers hold a 2.86% ratio of that floaft. The average trading volume of CMRE on May 10, 2024 was 383.43K shares.
CMRE) stock’s latest price update
Costamare Inc (NYSE: CMRE)’s stock price has increased by 2.52 compared to its previous closing price of 13.10. However, the company has seen a 8.66% increase in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-05-07 that Earnings Release: Friday, May 10, 2024, Before Market Opens Conference Call and Webcast: Friday, May 10, 2024, at 8:30 a.m. ET
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 17.30% 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 able to rebound, for now settling with 2.44% of gains for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares surge +18.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.58% upper at present.
During the last 5 trading sessions, CMRE rose by +8.66%, which changed the moving average for the period of 200-days by +39.17% in comparison to the 20-day moving average, which settled at $11.78. In addition, Costamare Inc saw 29.01% 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 2.31. 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 a nutshell, Costamare Inc (CMRE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
