Eurodry Stock Performance
| EDRY Stock | USD 13.34 0.76 5.39% |
The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, EuroDry's returns are expected to increase less than the market. However, during the bear market, the loss of holding EuroDry is expected to be smaller as well. At this point, EuroDry has a negative expected return of -0.64%. Please make sure to confirm EuroDry's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if EuroDry performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days EuroDry has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of conflicting performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
Actual Historical Performance (%)
One Day Return 1.21 | Five Day Return 19.41 | Year To Date Return (24.66) | Ten Year Return 89.01 | All Time Return 89.01 |
1 | EuroDry Ltd. Short Interest Update - MarketBeat | 08/30/2024 |
2 | EuroDry May Have Issues Allocating Its Capital | 09/20/2024 |
3 | EuroDry Ltd. Sees Large Growth in Short Interest | 10/28/2024 |
4 | Ardmore Shipping Tops Q3 Earnings and Revenue Estimates | 11/06/2024 |
5 | EuroDry Q3 2024 Earnings Preview | 11/18/2024 |
6 | EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2024 | 11/19/2024 |
7 | EuroDry Ltd Q3 2024 Earnings Call Highlights Navigating Revenue Growth Amidst Market ... | 11/20/2024 |
8 | EuroDry Reports Q3 Loss, Misses Revenue Estimates - MSN | 11/22/2024 |
| Begin Period Cash Flow | 37.1 M |
EuroDry |
EuroDry Relative Risk vs. Return Landscape
If you would invest 2,040 in EuroDry on August 27, 2024 and sell it today you would lose (706.00) from holding EuroDry or give up 34.61% of portfolio value over 90 days. EuroDry is currently does not generate positive expected returns and assumes 1.8461% risk (volatility on return distribution) over the 90 days horizon. In different words, 16% of stocks are less volatile than EuroDry, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
EuroDry Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for EuroDry's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as EuroDry, and traders can use it to determine the average amount a EuroDry's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.3491
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| Negative Returns | EDRY |
Estimated Market Risk
| 1.85 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.64 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.35 actual daily | 0 Most of other assets perform better |
Based on monthly moving average EuroDry is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of EuroDry by adding EuroDry to a well-diversified portfolio.
EuroDry Fundamentals Growth
EuroDry Stock prices reflect investors' perceptions of the future prospects and financial health of EuroDry, and EuroDry fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on EuroDry Stock performance.
| Return On Equity | -0.0246 | ||||
| Return On Asset | 0.0152 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 130.59 M | ||||
| Shares Outstanding | 2.79 M | ||||
| Price To Earning | 0.93 X | ||||
| Price To Book | 0.38 X | ||||
| Price To Sales | 0.68 X | ||||
| Revenue | 47.59 M | ||||
| EBITDA | 12.77 M | ||||
| Cash And Equivalents | 6.11 M | ||||
| Cash Per Share | 2.05 X | ||||
| Total Debt | 103.93 M | ||||
| Debt To Equity | 0.69 % | ||||
| Book Value Per Share | 38.72 X | ||||
| Cash Flow From Operations | 11.81 M | ||||
| Earnings Per Share | (2.22) X | ||||
| Total Asset | 231.05 M | ||||
| Retained Earnings | 41.56 M | ||||
| Current Asset | 10.03 M | ||||
| Current Liabilities | 10.5 M | ||||
About EuroDry Performance
Evaluating EuroDry's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if EuroDry has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if EuroDry has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. Eurodry is traded on NASDAQ Exchange in the United States.Things to note about EuroDry performance evaluation
Checking the ongoing alerts about EuroDry for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for EuroDry help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| EuroDry generated a negative expected return over the last 90 days | |
| EuroDry currently holds 103.93 M in liabilities with Debt to Equity (D/E) ratio of 0.69, which is about average as compared to similar companies. EuroDry has a current ratio of 0.54, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about EuroDry's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 47.59 M. Net Loss for the year was (2.91 M) with profit before overhead, payroll, taxes, and interest of 48.06 M. | |
| About 53.0% of EuroDry shares are held by company insiders | |
| Latest headline from news.google.com: EuroDry Reports Q3 Loss, Misses Revenue Estimates - MSN |
- Analyzing EuroDry's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether EuroDry's stock is overvalued or undervalued compared to its peers.
- Examining EuroDry's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating EuroDry's management team can have a significant impact on its success or failure. Reviewing the track record and experience of EuroDry's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of EuroDry's stock. These opinions can provide insight into EuroDry's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for EuroDry Stock Analysis
When running EuroDry's price analysis, check to measure EuroDry's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EuroDry is operating at the current time. Most of EuroDry's value examination focuses on studying past and present price action to predict the probability of EuroDry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EuroDry's price. Additionally, you may evaluate how the addition of EuroDry to your portfolios can decrease your overall portfolio volatility.