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EGLE
Stock ticker: NYSE
AS OF
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Price
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Capitalization
438.9M

EGLE Eagle Bulk Shipping Forecast, Technical & Fundamental Analysis

a provider of freight shipping and transport services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for EGLE with price predictions
07:00 PM EST Nov 26, 2023

Aroon Indicator for EGLE shows an upward move is likely

EGLE's Aroon Indicator triggered a bullish signal on October 26, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 204 similar instances where the Aroon Indicator showed a similar pattern. In of the 204 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 10, 2023. You may want to consider a long position or call options on EGLE as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for EGLE just turned positive on November 09, 2023. Looking at past instances where EGLE's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

EGLE moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for EGLE crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EGLE advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EGLE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

EGLE broke above its upper Bollinger Band on November 24, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.718) is normal, around the industry mean (0.999). P/E Ratio (14.085) is within average values for comparable stocks, (8.673). EGLE's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.374). Dividend Yield (0.032) settles around the average of (0.153) among similar stocks. P/S Ratio (1.514) is also within normal values, averaging (1.474).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. EGLE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nordic American Tanker (NYSE:NAT).

Industry description

The marine shipping industry provides passenger transportation or cargo shipping services via waterways. This industry includes freight towage, ferry services and warehousing on deep-sea and inland waterways. The aviation sector may have reduced the popularity of sea travel for several passengers, but it is still in demand for short trips and pleasure cruises. Teekay Offshore Partners L.P. Cum Red Perp Pfd., Kirby Corporation and Seaspan Corporation are some of the well-known names in the business.

Market Cap

The average market capitalization across the Marine Shipping Industry is 4.41B. The market cap for tickers in the group ranges from 1.87K to 40.18B. HPGLY holds the highest valuation in this group at 40.18B. The lowest valued company is PRGNF at 1.87K.

High and low price notable news

The average weekly price growth across all stocks in the Marine Shipping Industry was 3%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 14%. BSEAF experienced the highest price growth at 66%, while GTMAY experienced the biggest fall at -30%.

Volume

The average weekly volume growth across all stocks in the Marine Shipping Industry was -17%. For the same stocks of the Industry, the average monthly volume growth was 12% and the average quarterly volume growth was -32%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 28
P/E Growth Rating: 54
Price Growth Rating: 48
SMR Rating: 55
Profit Risk Rating: 65
Seasonality Score: 9 (-100 ... +100)
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A.I. Advisor
published Earnings

EGLE is expected to report earnings to fall 306.81% to 64 cents per share on March 05

Eagle Bulk Shipping EGLE Stock Earnings Reports
Q4'23
Est.
$0.64
Q3'23
Beat
by $0.53
Q2'23
Beat
by $0.40
Q1'23
Beat
by $0.22
Q4'22
Missed
by $0.25
The last earnings report on November 02 showed earnings per share of -31 cents, beating the estimate of -83 cents. With 103.50K shares outstanding, the current market capitalization sits at 438.90M.
A.I.Advisor
published Dividends

EGLE paid dividends on November 22, 2023

Eagle Bulk Shipping EGLE Stock Dividends
А dividend of $0.10 per share was paid with a record date of November 22, 2023, and an ex-dividend date of November 13, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of freight shipping and transport services

Industry MarineShipping

Profile
Fundamentals
Details
Industry
Marine Shipping
Address
300 First Stamford Place
Phone
+1 203 276-8100
Employees
1096
Web
https://www.eagleships.com
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EGLE and

Correlation & Price change

A.I.dvisor indicates that over the last year, EGLE has been closely correlated with GNK. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if EGLE jumps, then GNK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EGLE
1D Price
Change %
EGLE100%
-0.68%
GNK - EGLE
67%
Closely correlated
-1.43%
CMRE - EGLE
63%
Loosely correlated
-0.72%
DSX - EGLE
60%
Loosely correlated
-2.36%
SBLK - EGLE
59%
Loosely correlated
-1.04%
GOGL - EGLE
59%
Loosely correlated
-1.42%
More

Groups containing EGLE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EGLE
1D Price
Change %
EGLE100%
-0.68%
EGLE
(undefined stocks)
98%
Closely correlated
-1.05%
marine
(undefined stocks)
58%
Loosely correlated
-0.38%
freight
(undefined stocks)
29%
Poorly correlated
-0.57%
transportation
(undefined stocks)
28%
Poorly correlated
-0.47%
Transportation
(undefined stocks)
21%
Poorly correlated
-0.12%
More