How to Buy Eurodry Stock
Eurodry Ltd
EuroDry Ltd. , through its subsidiaries, provides ocean-going transportation services worldwide.
Eurodry stock last closed at $20.10, up 1.01% from the previous day, and has increased 17.75% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.09 percentage points. Eurodry stock is currently +49.78% from its 52-week low of $13.42, and -16.18% from its 52-week high of $23.98.
There are currently 2.83M shares of EDRY outstanding. The market cap of EDRY is $56.93M. In the last 24 hours, 8028 EDRY shares were traded.
How to Buy Eurodry Stock
Wondering how to invest in Eurodry stock? Here's how.
- Choose where to buy Eurodry stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Eurodry stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your payment method and add your info.
- Evaluate Eurodry stock: The Eurodry ticker symbol is EDRY. Is Eurodry stock a good investment? Should you buy shares of EDRY? How do EDRY's underlying business fundamentals look? Do top analysts think Eurodry is a good buy? Why has EDRY's stock price moved recently? (Hint: Our stock analysis website can help you understand if EDRY is a good stock to buy).
- Place your EDRY purchase: Decide if you will purchase EDRY shares at the current market price or use a limit order to purchase EDRY shares at a specific price.
- Keep an eye on your EDRY investment: Create a watchlist to important updates regarding your investment in Eurodry stock.
Step 1: Choose where to buy Eurodry stock
You need an online brokerage account in order to access the NASDAQ market and buy EDRY shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
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- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you are able to buy EDRY today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on the best stock trading app for beginners, you can securely and quickly fund your account:
Check out the video below to see the process of depositing money into your investment account.
Step 4: Evaluate Eurodry stock
After you have decided on the best place to buy Eurodry stock, it's very important to evaluate their stock before you buy, so you truly understand the risk as well as the opportunity.
Eurodry Metrics
Eurodry Overview
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on EDRY's stock page.
Is EDRY stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge EDRY's intrinsic value.
Using relative valuations measures:
- EDRY could be undervalued based on its P/B ratio of 0.52x, relative to Marine Shipping industry P/B ratio of 0.95x
You can access additional valuation research on EDRY's stock here.
EDRY Financial Health
Signs that EDRY is financially healthy:
- Total EDRY debt is lower than 5 years ago, relative to shareholder equity.
- EDRY has $14.10M in cash and short term investments. This is enough to cover its annual cash burn of $53.50M.
Signs that EDRY is not financially healthy:
- EDRY profit margin has gone down from 47.8% to -6.1% in the past year.
- There are more long-term liabilities than short-term assets on the EDRY balance sheet.
- There are more short-term liabilities than short-term assets on the EDRY balance sheet.
- EDRY has cash burn of 53495771. It does not have sufficient cash and short-term investments to cover this.
- EDRY has a relatively high debt to equity ratio of 1.02.
Is EDRY stock a Buy, Hold, or Sell, according to analysts?
Out of 1 Wall Street analysts who give recommendations on EDRY, the consensus analyst rating on EDRY is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Eurodry stock forecast page.
EDRY Technicals
How are EDRY Revenues/Earnings doing?
Last year, EDRY revenue was $47.59M. Over the last 5 year, EDRY's revenue has gone up by 14.18% per year. This was slower than the Marine Shipping industry average of 15.68%.
Dive into EDRY's earnings and revenue performance here.
Latest Insiders Trades at EDRY
Over the past 12 months, executives and large shareholders at EDRY have not bought or sold any shares.
Dig into more about who owns EDRY shares here.
Does EDRY provide a stable income stream?
No, Eurodry doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your EDRY purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you require more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your EDRY investment
Now that you own some EDRY shares, you'll want to keep up with your new stock purchase.
Start a watchlist to track your EDRY stock.
EDRY Feed
How to Buy Stock in Eurodry
To reiterate, here are the 6 steps to buy stock in Eurodry:
- Choose where to buy Eurodry stock
- Sign up for a brokerage account
- Fund your investment account
- Evaluate Eurodry stock
- Place your EDRY purchase
- Keep an eye on your EDRY investment
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Eurodry, create a watchlist on WallStreetZen today.
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