How to Buy Eagle Bulk Shipping Stock
Eagle Bulk Shipping Inc
Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide.
Eagle Bulk Shipping stock last closed at $40.60, down 1.22% from the previous day, and has decreased 42.86% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.07 percentage points. Eagle Bulk Shipping stock is currently +1.17% from its 52-week low of $40.13, and -48.44% from its 52-week high of $78.75.
At the moment, there are 13.71M EGLE shares outstanding. The market cap of EGLE is $556.70M. In the last 24 hours, 255,673 EGLE shares were traded.
How to Buy Eagle Bulk Shipping Stock
Wondering how to invest in Eagle Bulk Shipping stock? Here's how.
- Figure out where to buy Eagle Bulk Shipping stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy Eagle Bulk Shipping stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your method of payment and add your information.
- Evaluate Eagle Bulk Shipping stock: The Eagle Bulk Shipping ticker symbol is EGLE. Is Eagle Bulk Shipping stock a good investment? Should you buy shares of EGLE? How do EGLE's underlying business fundamentals look? Do top analysts think Eagle Bulk Shipping is a good buy? Why has EGLE's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if EGLE is a good stock to buy).
- Make your EGLE buy order: Decide if you will purchase EGLE shares at the current market price or use a limit order to buy EGLE shares at a given price.
- Keep tabs on your EGLE investment: Create a watchlist to track your investment in Eagle Bulk Shipping stock.
Step 1: Figure out where to buy Eagle Bulk Shipping stock
You need a brokerage account in order to access the NYSE market and buy EGLE shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you are able to buy EGLE today.
How to Start a New Account on eToro
- Click here to get started.
- Provide your personal data to start your new trading account.
- Send your details by hitting the "Create Account" button.
Step 3: Put funds into your investment account
Now that you've finished signing up on apps for stocks, you need to deposit funds:
Check out the tutorial below for more details transferring money into your investment account.
Step 4: Evaluate Eagle Bulk Shipping stock
After you have chosen the best place to buy Eagle Bulk Shipping stock, it's important to analyze their stock before you buy, so you can comprehend the risk and upside.
Eagle Bulk Shipping Metrics
EGLE Fundamentals
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on EGLE's stock page.
How is EGLE stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge EGLE's intrinsic value.
Using relative valuations measures:
- EGLE could be undervalued based on its P/E ratio of 2.66x, relative to Marine Shipping industry P/E ratio of 9.5x
- EGLE may be undervalued based on its P/B ratio of 0.69x, relative to Marine Shipping industry P/B ratio of 0.69x
You can do additional valuation analysis on EGLE's stock here.
A look at EGLE Cashflows and Balance Sheet
Positive Health Checks:
- EGLE earnings of $214.53M is not enough to cover its interest payments.
- Total EGLE debt is lower than 5 years ago, relative to shareholder equity.
- EGLE's operating cash flow of $263.44M allows it to safely service it's debt of $347.91M.
- There are more short-term assets than short-term liabilities on the EGLE balance sheet.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the EGLE balance sheet.
- EGLE profit margin has gone down from 33.4% to 30.9% in the past year.
- EGLE has a relatively high debt to equity ratio of 0.49.
Do analysts think it's a good time to buy EGLE stock
Out of 3 sell side analysts who monitor EGLE, the consensus analyst rating on EGLE is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest EGLE Analyst Recommendations
Omar Nokta, a bottom 8% analyst from Jefferies maintains EGLE with a strong buy rating and lowers their EGLE price target from $68.00 to $60.00, on May 5, 2023.
Poe Fratt, a bottom 14% analyst from Alliance Global Partners maintains EGLE with a strong buy rating and lowers their EGLE price target from $85.00 to $75.00, on May 1, 2023.
Gregory Lewis, a top 6% analyst from BTIG maintains EGLE with a strong buy rating and raises their EGLE price target from $60.00 to $70.00, on Jan 23, 2023.
Lewis raised his price target on Eagle Bulk Shipping Inc. by 16.7%.
While the Baltic Dry Index* "limped to the finish line" in 2022, the analyst said he sees a significant "rebound" as activity picks up into the spring.
Although there have been in periods of weak freight rates, Eagle Bulk Shipping has had the flexibility to return cash to shareholders, Lewis noted.
* From here: The Baltic Dry Exchange Index measures the cost of shipping goods worldwide.
You can dive deeper into what analysts are saying on the Eagle Bulk Shipping stock forecast page.
EGLE Technical Indicators
EGLE Revenue
Last year, EGLE earnings were $198.14M. In the last four year, EGLE's earnings have grown by 86.86% per year. This was faster than the Marine Shipping industry average of 39.33%.
Last year, EGLE revenue was $640.65M. In the last 5 year, EGLE's revenue has increased by 18.84% per year. This was faster than the Marine Shipping industry average of 16.48%.
Dig into EGLE's earnings and revenue performance here.
What are EGLE executives and large shareholders up to?
Over the last year, executives and large shareholders at EGLE have sold more shares than they have bought.
Justin A. Knowles, Director of EGLE, was the latest EGLE insider to buy. They bought $80,359.00 worth of EGLE stock on Mar 21, 2023.
Get more info about who owns EGLE stock here.
Can I rely on EGLE as an income stream?
Eagle Bulk Shipping pays a dividend of 11.58%, compared to the Marine Shipping industry's average dividend yield of 18.39%. If you owned $1,000 of EGLE stock, you would have been paid $115.76 last year.
Eagle Bulk Shipping dividend payments have not consistently grown over the past decade and have not remained stable.
Find more data about Eagle Bulk Shipping dividend yield and history here.
EGLE Social Trading Data
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your EGLE buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, place a limit order.
Click the Open button and eToro will place your order.
If you require more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your EGLE investment
Now that you own some shares in EGLE, you'll want to stay up-to-date on your new stock purchase.
Start a watchlist to get notified of important updates regarding your EGLE stock.
EGLE Feed
How to Buy Stock in Eagle Bulk Shipping
To summarize, here are the 6 steps for buying Eagle Bulk Shipping stock:
- Figure out where to buy Eagle Bulk Shipping stock
- Create your brokerage account
- Put funds into your investment account
- Evaluate Eagle Bulk Shipping stock
- Make your EGLE buy order
- Keep tabs on your EGLE investment
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Eagle Bulk Shipping, click the button below.
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