Euroseas Ltd. [ESEA] shares are up more than 4.14% this year and recently decreased -0.24% or -$0.77 to settle at $3.22. Analysts expect ESEA to grow earnings at a 5.00% annual rate over the next 5 years. ESEA has a short ratio of 0.35. This implies that the market is currently less bearish on the outlook for ESEA.

On 20, November 2020, Euroseas Ltd. to Host Earnings Call. According to news published on Yahoo Finance, NEW YORK, NY / ACCESSWIRE / November 20, 2020/ Euroseas Ltd. (NASDAQ:ESEA) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 20, 2020 at 9:30 AM Eastern Time.

Analyst Birdseye View:

The most recent analyst activity for Euroseas Ltd. [NASDAQ:ESEA] stock was on August 21, 2017, when it was Initiated with a Buy rating from Maxim Group, which also raised its 12-month price target on the stock to $2.50. Before that, on September 13, 2017, Maxim Group Recapitulated a Buy rating and elevated its amount target to $3. On October 08, 2014, Maxim Group Initiated a Buy rating and boosted its price target on this stock to $1.60. On October 03, 2014, Wunderlich Initiated a Hold rating and increased its price target to $1.50. On March 11, 2011, FBR Capital Upgrade an Outperform rating and increased its price target to $6.50. On January 15, 2010, Oppenheimer Downgrade a Perform rating. On October 01, 2009, Deutsche Securities Initiated a Hold rating and boosted its target amount on this stock to $5. On May 20, 2009, FBR Capital Markets Initiated a Mkt perform rating and amplified its amount target to $5.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.23 and a peak of $5.10. Right now, the middling Wall Street analyst 12-month amount mark is $5.55. At the most recent market close, shares of Euroseas Ltd. [NASDAQ:ESEA] were valued at $3.22. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

Euroseas Ltd. [NASDAQ:ESEA] most recently reported quarterly sales of 13.51 billion, which represented growth of -17.70%. This company’s Gross Margin is currently 92.80%, its Operating Margin is 13.50%, its Pretax Margin is -4.20, and its Net Margin is -4.20. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -1.74, -6.64, 2.24 and -2.18 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 76.10 and the whole liability to whole assets at 70.54. It shows enduring liability to the whole principal at 61.39 and enduring liability to assets at 0.57 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 3.73 points at 1st support level, the second support level is making up to 3.47. But as of 1st resistance point, this stock is sitting at 4.12 and at 4.25 for 2nd resistance point.

Euroseas Ltd. [ESEA] reported its earnings at $0.2 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.11/share signifying the difference of 0.31 and 281.80% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.32 calling estimates for -$0.36/share with the difference of 0.68 depicting the surprise of 188.90%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Euroseas Ltd. [NASDAQ:ESEA] is 0.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.06. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.29, it’s amount to book ratio is 1.11 and showing 16.49 of P/E (TTM) ratio.