The closing price of Eneti Inc. (NYSE: NETI) was $9.87 for the day, up 2.71% from the previous closing price of $9.61. In other words, the price has increased by $+0.26 from its previous closing price. On the day, 528565 shares were traded. NETI stock price reached its highest trading level at $10.03 during the session, while it also had its lowest trading level at $9.29.
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Our analysis of NETI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.60 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NETI now has a Market Capitalization of 300.29M and an Enterprise Value of 243.72M. As of this moment, Eneti’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 1.28 whereas that against EBITDA is 2.23.
Stock Price History:
Over the past 52 weeks, NETI has reached a high of $11.20, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is 9.06, while the 200-Day Moving Average is calculated to be 9.04.
NETI traded an average of 446.46K shares per day over the past three months and 461.78k shares per day over the past ten days. A total of 36.60M shares are outstanding, with a floating share count of 25.27M. Insiders hold about 28.77% of the company’s shares, while institutions hold 31.50% stake in the company. Shares short for NETI as of Apr 27, 2023 were 1.5M with a Short Ratio of 1.50M, compared to 1.13M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.88% and a Short% of Float of 6.12%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.04, NETI has a forward annual dividend rate of 0.04. Against a Trailing Annual Dividend Yield of 0.42%, it implies a Forward Annual Dividend Yield of 0.42%. The stock’s 5-year Average Dividend Yield is 1.57.
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.1 and a low estimate of -$0.01, while EPS last year was $1.36. The consensus estimate for the next quarter is $0.08, with high estimates of $0.09 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.04 and -$0.51 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is -$0.1, with 4 analysts recommending between $0.05 and -$0.5.
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $42.69M to a low estimate of $35.25M. As of the current estimate, Eneti Inc.’s year-ago sales were $61.28M, an estimated decrease of -36.60% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $44.87M, a decrease of -29.60% over than the figure of -$36.60% in the same quarter last year. There is a high estimate of $48.62M for the next quarter, whereas the lowest estimate is $40.16M.
A total of 6 analysts have provided revenue estimates for NETI’s current fiscal year. The highest revenue estimate was $141.09M, while the lowest revenue estimate was $119.91M, resulting in an average revenue estimate of $129.99M. In the same quarter a year ago, actual revenue was $199.33M, down -34.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $153.28M in the next fiscal year. The high estimate is $166.39M and the low estimate is $147.22M. The average revenue growth estimate for next year is up 17.90% from the average revenue estimate for this year.