ESEA Stock Summary and Trading Ideas (Euroseas Ltd. | NASDAQ:ESEA)

Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

Euroseas Ltd. trades on the NASDAQ stock market under the symbol ESEA.

As of February 10, 2025, ESEA stock price climbed to $33.67 with 73,902 million shares trading.

ESEA has a beta of 0.93, meaning it tends to be less sensitive to market movements. ESEA has a correlation of 0.08 to the broad based SPY ETF.

ESEA has a market cap of $236.15 million. This is considered a Small Cap stock.

Last quarter Euroseas Ltd. reported $54 million in Revenue and $3.92 earnings per share. This beat revenue expectation by $846,000 and exceeded earnings estimates by $.37.

In the last 3 years, ESEA traded as high as $50.92 and as low as $16.88.

The top ETF exchange traded funds that ESEA belongs to (by Net Assets): DEEP, BOAT, RFLR.

ESEA has underperformed the market in the last year with a return of -12.6%, while the SPY ETF gained +22.8%. In the last 3 month period, ESEA fell short of the market, returning -17.1%, while SPY returned +1.9%. However, in the most recent 2 weeks ESEA has outperformed the stock market by returning +6.5%, while SPY returned -0.5%.

ESEA support price is $32.06 and resistance is $33.64 (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 ESEA shares will trade within this expected range on the day.