A new trading day began on Friday, with Costamare Inc (NYSE: CMRE) stock price up 3.06% from the previous day of trading, before settling in for the closing price of $16.35. CMRE’s price has ranged from $8.54 to $16.46 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 33.92%. Meanwhile, its annual earnings per share averaged 48.55%. With a float of $42.35 million, this company’s outstanding shares have now reached $118.37 million.
Let’s determine the extent of company efficiency that accounts for 2750 employees.
Costamare Inc (CMRE) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Marine Shipping Industry. The insider ownership of Costamare Inc is 64.39%, while institutional ownership is 22.97%.
Costamare Inc (CMRE) Earnings and Forecasts
In its latest quarterly report, released on 3/31/2024, the company reported earnings of 0.56 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 48.55% per share during the next fiscal year.
Costamare Inc (NYSE: CMRE) Trading Performance Indicators
Here are Costamare Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.59, a number that is poised to hit 0.77 in the next quarter and is forecasted to reach 2.87 in one year’s time.
Technical Analysis of Costamare Inc (CMRE)
Looking closely at Costamare Inc (NYSE: CMRE), its last 5-days average volume was 0.94 million, which is a jump from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 81.88%. Additionally, its Average True Range was 0.50.
During the past 100 days, Costamare Inc’s (CMRE) raw stochastic average was set at 97.74%, which indicates a significant increase from 93.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.47% in the past 14 days, which was higher than the 30.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.72, while its 200-day Moving Average is $11.12. However, in the short run, Costamare Inc’s stock first resistance to watch stands at $17.12. Second resistance stands at $17.40. The third major resistance level sits at $17.79. If the price goes on to break the first support level at $16.46, it is likely to go to the next support level at $16.07. Should the price break the second support level, the third support level stands at $15.79.
Costamare Inc (NYSE: CMRE) Key Stats
With a market capitalization of 2.00 billion, the company has a total of 117,642K Shares Outstanding. Currently, annual sales are 1,511 M while annual income is 385,750 K. The company’s previous quarter sales were 475,430 K while its latest quarter income was 101,860 K.
