With 0.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.71 million shares. The 52-week range on CMRE shows that it touched its highest point at $13.04 and its lowest point at $6.02 during that stretch. It currently has a 1-year price target of $8.16. With its current market cap of 933.30 million, CMRE has annualized dividend of $0.46 while the current yield stands at 5.91%. Beta for the stock currently stands at 1.17.
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 up-trending over the past week, with a rise of 11.68%, but this was up by 25.29% over a month. Three-month performance dropped to -2.17% while six-month performance fell -24.39%. The stock lost -16.10% in the past year, while it has lost -18.39% so far this year. A look at the trailing 12-month EPS for CMRE yields 2.44 with Next year EPS estimates of 1.79. For the next quarter, that number is 0.43. This implies an EPS growth rate of -11.96% for this year and -0.82% for next year. EPS is expected to decline by -6.58% 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 43.33 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 $2.04746 being high and $2.00312 being low. For CMRE, this leads to a yearly average estimate of $2.02529.
