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EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2024
Globe Newswire (Tue, 21-May 8:30 AM ET)
EuroDry Ltd. Sets Date for the Release of First Quarter 2024 Results, Conference Call and Webcast
Globe Newswire (Fri, 17-May 9:00 AM ET)
EuroDry Ltd is a holding company. It is a provider of ocean-going transportation. The company owns and operates dry bulk carriers that transport bulks such as iron ore, coal, and grains, and minor bulks such as bauxite, phosphate, and fertilizers.
Eurodry Ltd. - Common Shares trades on the NASDAQ stock market under the symbol EDRY.
As of June 14, 2024, EDRY stock price declined to $20.20 with 40,137 million shares trading.
EDRY has a market cap of $56.59 million. This is considered a Micro Cap stock.
Last quarter Eurodry Ltd. - Common Shares reported $14 million in Revenue and -$1.18 earnings per share. This fell short of revenue expectation by $-295,000 and missed earnings estimates by -$.84.
In the last 3 years, EDRY stock traded as high as $44.99 and as low as $12.71.
EDRY has outperformed the market in the last year with a return of +44.5%, while the SPY ETF gained +25.7%. However, in the most recent history, EDRY shares have underperformed the stock market with its stock returning -11.3% in the last 3 month period and -7.1% for the last 2 week period, while SPY has returned +6.0% and +2.9%, respectively.
EDRY support price is $20.69 and resistance is $21.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EDRY stock will trade within this expected range on the day.