The price-to-earnings ratio for Euroseas Ltd (NASDAQ: ESEA) is above average at 2.63x. The 36-month beta value for ESEA is also noteworthy at 0.88. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for ESEA is 2.85M, and at present, short sellers hold a 0.38% of that float. The average trading volume of ESEA on October 07, 2024 was 38.24K shares.
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ESEA) stock’s latest price update
Euroseas Ltd (NASDAQ: ESEA) has experienced a decline in its stock price by -11.52 compared to its previous closing price of 50.36. However, the company has seen a fall of -9.83% in its stock price over the last five trading days. zacks.com reported 2024-09-30 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ESEA’s Market Performance
Euroseas Ltd (ESEA) has experienced a -9.83% fall in stock performance for the past week, with a 3.20% rise in the past month, and a 13.94% rise in the past quarter. The volatility ratio for the week is 4.69%, and the volatility levels for the past 30 days are at 4.04% for ESEA. The simple moving average for the past 20 days is -3.02% for ESEA’s stock, with a 16.26% simple moving average for the past 200 days.
Analysts’ Opinion of ESEA
Many brokerage firms have already submitted their reports for ESEA stocks, with Alliance Global Partners repeating the rating for ESEA by listing it as a “Buy.” The predicted price for ESEA in the upcoming period, according to Alliance Global Partners is $60 based on the research report published on September 09, 2024 of the current year 2024.
Maxim Group, on the other hand, stated in their research note that they expect to see ESEA reach a price target of $50, previously predicting the price at $48. The rating they have provided for ESEA stocks is “Buy” according to the report published on December 31st, 2021.
Maxim Group gave a rating of “Buy” to ESEA, setting the target price at $38 in the report published on June 25th of the previous year.
ESEA Trading at 2.00% from the 50-Day Moving Average
After a stumble in the market that brought ESEA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.49% of loss for the given period.
Volatility was left at 4.04%, however, over the last 30 days, the volatility rate increased by 4.69%, as shares surge +4.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.14% upper at present.
During the last 5 trading sessions, ESEA fell by -9.83%, which changed the moving average for the period of 200-days by +54.72% in comparison to the 20-day moving average, which settled at $46.04. In addition, Euroseas Ltd saw 43.05% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ESEA
Current profitability levels for the company are sitting at:
- 0.57 for the present operating margin
- 0.61 for the gross margin
The net margin for Euroseas Ltd stands at 0.57. The total capital return value is set at 0.24. Equity return is now at value 43.84, with 24.99 for asset returns.
Based on Euroseas Ltd (ESEA), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 14.26.
Currently, EBITDA for the company is 132.23 million with net debt to EBITDA at 0.98. When we switch over and look at the enterprise to sales, we see a ratio of 2.19. The receivables turnover for the company is 40.27for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
In summary, Euroseas Ltd (ESEA) 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
