EuroDry emerges ahead as surging dry-bulk rates, index-linked charters, stronger earnings and fleet expansion reinforce its investment appeal.
Let's take a look at four stocks, QNST, TPC, HURN and EDRY, with stellar net profit margins and rising EPS estimates that can help create a winning portfolio.
EuroDry (EDRY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
EDRY is riding stronger dry-bulk rates, with TCE more than doubling and profits rebounding as index-linked charters lift revenue exposure.
Here is how EuroDry (EDRY) and Marten Transport, Ltd. (MRTN) have performed compared to their sector so far this year.
EDRY is renewing its fleet with four eco-design newbuildings. targeting 15 vessels and 1.05 million dwt of capacity after 2028 deliveries.
EDRY's 304% YTD surge may have more room to run as rising TCE rates, near 100% fleet utilization and fleet upgrades support its outlook.
EuroDry (EDRY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
EuroDry is initiated at Strong Buy with a $55 12-month price target, following its strongest quarter in four years. EDRY's Q2 net revenues surged 57% YoY, with fleet TCE at $20,398/day and breakeven at $12,872, supporting robust cash generation. Fleet market value is estimated near $240M, implying NAV above $60/share versus a $36.57 close; buybacks continue as the sole return channel.
Here we present four stocks, HURN, EDRY, ENVA and QUAD, with solid net profit margins that can contribute to making a strong portfolio.
EuroDry (EDRY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
If you are looking for stocks that are well positioned to maintain their recent uptrend, EuroDry (EDRY) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.