Okeanis Eco Tankers Corp [ECO] stock is trading at $24.03, down -0.78%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ECO shares have gain 8.93% over the last week, with a monthly amount drifted -2.32%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Okeanis Eco Tankers Corp [NYSE: ECO] stock has seen the most recent analyst activity on April 16, 2024, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $38.
Okeanis Eco Tankers Corp [ECO] stock has fluctuated between $17.91 and $35.64 over the past year. Currently, Wall Street analysts expect the stock to reach $44 within the next 12 months. Okeanis Eco Tankers Corp [NYSE: ECO] shares were valued at $24.03 at the most recent close of the market. An investor can expect a potential return of 83.1% based on the average ECO price forecast.
Analyzing the ECO fundamentals
Okeanis Eco Tankers Corp [NYSE:ECO] reported sales of 362.25M for the trailing twelve months, which represents a drop of -27.88%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.19 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.54.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.75 points at the first support level, and at 23.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.41, and for the 2nd resistance point, it is at 24.79.
Ratios To Look Out For
For context, Okeanis Eco Tankers Corp’s Current Ratio is 1.65. Further, the Quick Ratio stands at 1.28, while the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 2.10, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 9.69.
