Market Update: Costamare Inc (CMRE) Sees Positive Movement, Closing at 13.31

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In the latest session, Costamare Inc (NYSE: CMRE) closed at $13.31 up 0.23% from its previous closing price of $13.28. In other words, the price has increased by $0.23 from its previous closing price. On the day, 0.32 million shares were traded. CMRE stock price reached its highest trading level at $13.34 during the session, while it also had its lowest trading level at $13.046.

Ratios:

For a deeper understanding of Costamare Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 0.79.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on April 24, 2023, Downgraded its rating to Hold and sets its target price to $10 from $15 previously.

On January 13, 2023, Stifel Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $12.50 to $11.

On July 21, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $19.Jefferies initiated its Buy rating on July 21, 2022, with a $19 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMRE now has a Market Capitalization of 1594524800 and an Enterprise Value of 3282286080. As of this moment, Costamare’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.42, and their Forward P/E ratio for the next fiscal year is 4.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 1.617 whereas that against EBITDA is 5.475.

Stock Price History:

Over the past 52 weeks, CMRE has reached a high of $17.58, while it has fallen to a 52-week low of $9.16. The 50-Day Moving Average of the stock is -7.26%, while the 200-Day Moving Average is calculated to be -2.43%.

Shares Statistics:

For the past three months, CMRE has traded an average of 330.20K shares per day and 277430 over the past ten days. A total of 118.37M shares are outstanding, with a floating share count of 42.99M. Insiders hold about 64.11% of the company’s shares, while institutions hold 28.43% stake in the company. Shares short for CMRE as of 1731628800 were 2438211 with a Short Ratio of 7.38, compared to 1728950400 on 2380304. Therefore, it implies a Short% of Shares Outstanding of 2438211 and a Short% of Float of 5.5999998.

Dividends & Splits

According to the company, the forward annual dividend rate for CMRE is 0.46, from 0.46 in the trailing year. Against a Trailing Annual Dividend Yield of 0.034638554The stock’s 5-year Average Dividend Yield is 4.61.

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