EGLE Stock Summary and Trading Ideas (Eagle Bulk Shipping | NYSE:EGLE)

Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing transportation solutions to miners, producers, traders and end users across the globe. The company is engaged in the ocean transportation of drybulk cargoes through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.

Eagle Bulk Shipping trades on the NYSE stock market under the symbol EGLE.

As of April 17, 2024, EGLE stock price was flat at $62.60 with million shares trading.

EGLE has a beta of 0.97, meaning it tends to be less sensitive to market movements. EGLE has a correlation of 0.10 to the broad based SPY ETF.

EGLE has a market cap of $693.16 million. This is considered a Small Cap stock.

Last quarter Eagle Bulk Shipping reported $105 million in Revenue and $1.13 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.42.

In the last 3 years, EGLE stock traded as high as $78.75 and as low as $36.18.

EGLE has outperformed the market in the last year with a price return of +35.7% while the SPY ETF gained +23.0%. EGLE has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +16.8% and +1.2%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

EGLE support price is $61.66 and resistance is $63.54 (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 EGLE stock will trade within this expected range on the day.