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ESEA
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
206.11M

ESEA Euroseas Ltd Forecast, Technical & Fundamental Analysis

a provider of marine and ocean-going transportation services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ESEA with price predictions
07:00 PM EST Dec 05, 2023

ESEA's RSI Oscillator leaves overbought zone

The 10-day RSI Indicator for ESEA moved out of overbought territory on November 29, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 instances where the indicator moved out of the overbought zone. In of the 32 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 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 ESEA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for ESEA entered a downward trend on November 14, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 13, 2023. You may want to consider a long position or call options on ESEA 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 ESEA just turned positive on November 14, 2023. Looking at past instances where ESEA's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

ESEA moved above its 50-day moving average on November 13, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ESEA crossed bullishly above the 50-day moving average on November 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 ESEA advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend are .

ESEA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (0.850) is normal, around the industry mean (1.000). P/E Ratio (1.894) is within average values for comparable stocks, (8.677). ESEA's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.374). Dividend Yield (0.067) settles around the average of (0.154) among similar stocks. P/S Ratio (1.142) is also within normal values, averaging (1.476).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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.

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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nordic American Tanker (NASDAQ: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 1%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 12%. GTMAY experienced the highest price growth at 77%, while OP experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Marine Shipping Industry was -40%. For the same stocks of the Industry, the average monthly volume growth was 47% and the average quarterly volume growth was 1%

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: 55
Price Growth Rating: 48
SMR Rating: 55
Profit Risk Rating: 65
Seasonality Score: 21 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

ESEA is expected to report earnings to fall 18.92% to $3.30 per share on February 21

Euroseas Ltd ESEA Stock Earnings Reports
Q4'23
Est.
$3.30
Q3'23
Beat
by $1.08
Q2'23
Beat
by $1.34
Q1'23
Beat
by $0.36
Q4'22
Beat
by $0.21
The last earnings report on November 09 showed earnings per share of $4.07, beating the estimate of $2.99. With 66.64K shares outstanding, the current market capitalization sits at 206.11M.
A.I.Advisor
published Dividends

ESEA is expected to pay dividends on December 16, 2023

Euroseas Ltd ESEA Stock Dividends
A dividend of $0.50 per share will be paid with a record date of December 16, 2023, and an ex-dividend date of December 07, 2023. The last dividend of $0.50 was paid on September 16. Read more...
A.I. Advisor
published General Information

General Information

a provider of marine and ocean-going transportation services

Industry MarineShipping

Profile
Fundamentals
Details
Industry
Marine Shipping
Address
4 Messogiou and Evropis Street
Phone
+30 2111804005
Employees
373
Web
http://www.euroseas.gr
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ESEA and

Correlation & Price change

A.I.dvisor indicates that over the last year, ESEA has been loosely correlated with DAC. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if ESEA jumps, then DAC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ESEA
1D Price
Change %
ESEA100%
-2.93%
DAC - ESEA
66%
Loosely correlated
-0.93%
CMRE - ESEA
58%
Loosely correlated
-1.52%
GSL - ESEA
51%
Loosely correlated
-0.71%
EGLE - ESEA
50%
Loosely correlated
-0.65%
DSX - ESEA
48%
Loosely correlated
-5.03%
More

Groups containing ESEA

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ESEA
1D Price
Change %
ESEA100%
-2.93%
ocean transportation
(undefined stocks)
58%
Loosely correlated
-0.34%
marine
(undefined stocks)
50%
Loosely correlated
-1.51%
europe
(undefined stocks)
28%
Poorly correlated
+0.12%
Transportation
(undefined stocks)
24%
Poorly correlated
+0.28%
Marine Shipping
(undefined stocks)
12%
Poorly correlated
+0.27%