Maxim Group Analyst Tate Sullivan maintained a "buy" rating on EuroDry on Thursday, setting the target price at $60.00. The company's stock closed at $36.25 on Thursday.
According to the data from TipRanks, Sullivan achieved an average return of -2.6% as an analyst, with a success rate of 36.57%. Sullivan covers the industrial sector, and the key stocks it tracks include American Battery Technology, Seanergy Maritime, and BWX Technologies.
Overall, Wall Street analysts have unanimously rated EuroDry as 'moderate buy', with an average target price of $60.00, representing a potential upside of 65.52% from the current level. In a report released on November 11th, Alliance Global Partners also maintained a 'buy' rating for the stock and set a target price of $60.00.
According to the latest financial report for the quarter ending September 30th as per EuroDry, the company's revenue for that quarter was 19.41 million US dollars, with a net profit of 6.86 million US dollars. In contrast, during the same period last year, the company's revenue was 14.39 million US dollars, and the net loss calculated using GAAP was 673,480 US dollars.
Based on recent insider trading activities involving 15 insiders, the sentiment among these insiders is relatively negative regarding this stock. This indicates that in the past quarter, there has been an increase in the number of insiders selling EDRY shares compared to earlier this year. Last month, EDRY director Panagiotis Kyriakopoulos sold 2,067 shares for a total amount of $90,534.60.
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