Okeanis Eco Tankers Corp (NYSE: ECO)’s stock price has gone decline by -3.06 in comparison to its previous close of 21.57, however, the company has experienced a 8.74% increase in its stock price over the last five trading days. globenewswire.com reported 2024-12-20 that ATHENS, Greece, Dec. 20, 2024 (GLOBE NEWSWIRE) — Financial calendar for Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) FINANCIAL YEAR 2024 31.03.2025 – Annual Report 19.02.2025 – Quarterly Report – Q4 FINANCIAL YEAR 2025 12.08.2025 – Half-yearly Report30.05.2025 – Annual General Meeting 14.05.2025 – Quarterly Report – Q112.11.2025 – Quarterly Report – Q3 All quarterly financial results will be released after market close on the New York Stock Exchange (NYSE) on the respective dates. Contacts Company:Iraklis Sbarounis, CFOTel: +30 210 480 4200 ir@okeanisecotankers.com Investor Relations / Media Contact:Nicolas Bornozis, PresidentCapital Link, Inc.230 Park Avenue, Suite 1540, New York, N.Y.
Is It Worth Investing in Okeanis Eco Tankers Corp (NYSE: ECO) Right Now?
The price-to-earnings ratio for Okeanis Eco Tankers Corp (NYSE: ECO) is above average at 5.76x. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ECO is 5.31M, and at present, short sellers hold a 1.45% of that float. The average trading volume of ECO on December 27, 2024 was 170.02K shares.
ECO’s Market Performance
ECO stock saw a decrease of 8.74% in the past week, with a monthly decline of -9.05% and a quarterly a decrease of -37.34%. The volatility ratio for the week is 4.72%, and the volatility levels for the last 30 days are 4.05% for Okeanis Eco Tankers Corp (ECO). The simple moving average for the past 20 days is 1.21% for ECO’s stock, with a -30.09% simple moving average for the past 200 days.
Analysts’ Opinion of ECO
Many brokerage firms have already submitted their reports for ECO stocks, with B. Riley Securities repeating the rating for ECO by listing it as a “Buy.” The predicted price for ECO in the upcoming period, according to B. Riley Securities is $38 based on the research report published on April 16, 2024 of the current year 2024.
ECO Trading at -13.16% from the 50-Day Moving Average
After a stumble in the market that brought ECO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.01% of loss for the given period.
Volatility was left at 4.05%, however, over the last 30 days, the volatility rate increased by 4.72%, as shares sank -5.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.68% lower at present.
During the last 5 trading sessions, ECO rose by +8.74%, which changed the moving average for the period of 200-days by -26.89% in comparison to the 20-day moving average, which settled at $20.66. In addition, Okeanis Eco Tankers Corp saw -21.98% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ECO
Current profitability levels for the company are sitting at:
- 0.43 for the present operating margin
- 0.48 for the gross margin
The net margin for Okeanis Eco Tankers Corp stands at 0.29. The total capital return value is set at 0.17. Equity return is now at value 28.59, with 10.45 for asset returns.
Based on Okeanis Eco Tankers Corp (ECO), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.6. The interest coverage ratio of the stock is 2.94.
Currently, EBITDA for the company is 241.51 million with net debt to EBITDA at 2.87. When we switch over and look at the enterprise to sales, we see a ratio of 3.06. The receivables turnover for the company is 9.12for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
In summary, Okeanis Eco Tankers Corp (ECO) has had a bad performance as of late. Analysts have bullish 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.
