EDRY Stock Summary and Trading Ideas (Eurodry Ltd. - Common Shares | NASDAQ:EDRY)

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 May 3, 2024, EDRY stock price declined to $20.19 with 2,555 million shares trading.

EDRY has a market cap of $56.57 million. This is considered a Micro Cap stock.

Last quarter Eurodry Ltd. - Common Shares reported $16 million in Revenue and $.70 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.38.

In the last 3 years, EDRY stock traded as high as $44.99 and as low as $12.21.

EDRY has outperformed the market in the last year with a return of +30.2%, while the SPY ETF gained +27.0%. However, in the most recent history, EDRY shares have underperformed the stock market with its stock returning -1.5% in the last 3 month period and -1.5% for the last 2 week period, while SPY has returned +3.7% and +3.3%, respectively.

EDRY support price is $19.73 and resistance is $21.00 (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.