USEA Stock Summary and Trading Ideas (United Maritime | NASDAQ:USEA)

United Maritime Corp operates as a shipping company currently specializing in the seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, two Kamsarmax dry bulk vessels, and three Panamax dry bulk vessels, with an aggregate cargo-carrying capacity of approximately 1,004,289 dwt.

United Maritime trades on the NASDAQ stock market under the symbol USEA.

As of December 13, 2024, USEA stock price declined to $1.88 with 52,309 million shares trading.

USEA has a beta of 0.50, meaning it tends to be less sensitive to market movements. USEA has a correlation of 0.05 to the broad based SPY ETF.

USEA has a market cap of $16.63 million. This is considered a Sub-Micro Cap stock.

Last quarter United Maritime reported $12 million in Revenue and -$.03 earnings per share. This beat revenue expectation by $166,000 and exceeded earnings estimates by $.09.

USEA has underperformed the market in the last year with a price return of -11.7% while the SPY ETF gained +29.9%. USEA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -23.8% and -7.4%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

USEA support price is $1.86 and resistance is $1.98 (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 USEA shares will trade within this expected range on the day.