With 0.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.38 million shares. The 52-week range on CMRE shows that it touched its highest point at $17.58 and its lowest point at $9.66 during that stretch. It currently has a 1-year price target of $12.50. With its current market cap of 1.23 billion, CMRE has annualized dividend of $0.46 while the current yield stands at 4.49%. Beta for the stock currently stands at 1.11.
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 -1.92%, but this was down by -12.40% over a month. Three-month performance dropped to -21.83% while six-month performance fell -23.58%. The stock lost -6.65% in the past year, while it has lost -20.31% so far this year. A look at the trailing 12-month EPS for CMRE yields 2.44 with Next year EPS estimates of 2.42. For the next quarter, that number is 0.56. This implies an EPS growth rate of -8.88% for this year and -3.58% for next year. EPS is expected to decline by -5.81% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 33.01%.
Float and Shares Shorts:
At present, 119.95 million CMRE shares are outstanding with a float of 43.26 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CMRE since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.75989 being high and $2.70011 being low. For CMRE, this leads to a yearly average estimate of $2.73. Based on analyst estimates, the high estimate for the next quarter is $0.75 and the low estimate is $0.5. The average estimate for the next quarter is thus $0.62.
