Adversity is less terrifying than hope: Costamare Inc (CMRE)

With 0.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.5 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $15.55 whereas the lowest price it dropped to was $15.2502. The 52-week range on CMRE shows that it touched its highest point at $16.46 and its lowest point at $8.54 during that stretch. It currently has a 1-year price target of $12.00. With its current market cap of 1.84 billion, CMRE has annualized dividend of $0.46 while the current yield stands at 2.97%. Beta for the stock currently stands at 1.36.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CMRE was down-trending over the past week, with a drop of -3.37%, but this was up by 18.09% over a month. Three-month performance surged to 35.82% while six-month performance rose 58.83%. The stock gained 69.07% in the past year, while it has gained 48.61% so far this year. A look at the trailing 12-month EPS for CMRE yields 2.59 with Next year EPS estimates of 2.87. For the next quarter, that number is 0.77. This implies an EPS growth rate of 48.55% for this year and -6.83% for next year.

Float and Shares Shorts:

At present, 118.37 million CMRE shares are outstanding with a float of 42.25 million shares on hand for trading. On 2024-05-15, short shares totaled 1.4 million, which was 117.0 higher than short shares on 1713139200. In addition to Mr. Konstantinos V. Konstantakopoulos as the firm’s Chairman & CEO, Mr. Gregory G. Zikos serves as its CFO & Director.

Institutional Ownership:

Through their ownership of 0.2296 of CMRE’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, CMRE reported revenue of $475430000.0 and operating income of $104782000.0. The EBITDA in the recently reported quarter was $113669000.0 and diluted EPS was $0.79.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CMRE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.