Costamare Inc Q3 2024 Earnings Call Highlights Strong Liquidity and Strategic Fleet ...
| CMRE Stock | USD 14.06 0.38 2.63% |
About 61% of Costamare's investor base is looking to short. The current sentiment of investing in Costamare suggests that many traders are alarmed. The current market sentiment, together with Costamare's historical and current headlines, can help investors time the market. In addition, many technical investors use Costamare stock news signals to limit their universe of possible portfolio assets.
Costamare |
Net Income 75.5 million for the third quarter.Adjusted Net Income 81 million or 68 per share.Liquidity Over 1 billion.Total Contracted Revenues 2.3 b
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Costamare Fundamental Analysis
We analyze Costamare's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Costamare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Costamare based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Working Capital
Working Capital Comparative Analysis
Costamare is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Costamare Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Costamare stock to make a market-neutral strategy. Peer analysis of Costamare could also be used in its relative valuation, which is a method of valuing Costamare by comparing valuation metrics with similar companies.
Peers
Costamare Related Equities
| KEX | Kirby | 0.38 |
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| EDRY | EuroDry | 0.83 |
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| DAC | Danaos | 0.89 |
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| GSL | Global Ship | 2.06 |
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| GNK | Genco Shipping | 2.39 |
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| NMM | Navios Maritime | 2.47 |
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| HSHP | Himalaya Shipping | 3.36 |
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| ASC | Ardmore Shpng | 3.49 |
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| ESEA | Euroseas | 6.74 |
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Complementary Tools for Costamare Stock analysis
When running Costamare's price analysis, check to measure Costamare'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 Costamare is operating at the current time. Most of Costamare's value examination focuses on studying past and present price action to predict the probability of Costamare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Costamare's price. Additionally, you may evaluate how the addition of Costamare to your portfolios can decrease your overall portfolio volatility.
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