EuroDry Ltd (EDRY)
NASDAQ:EDRY
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EDRY Stock Chart & Stats
$21.96
-$0.42(-3.83%)
At close: 4:00 PM EST
$21.96
-$0.42(-3.83%)
Day’s Range― - ―
52-Week Range$8.66 - $24.48
Previous CloseN/A
Volume4.16K
Average Volume (3M)5.39K
Market Cap
$62.81M
Enterprise Value$142.92M
Total Cash (Recent Filing)$21.51M
Total Debt (Recent Filing)$100.13M
Price to Earnings (P/E)―
Beta0.68
Next Earnings
Aug 12, 2026EPS Estimate
1.14Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.13
Shares Outstanding2,796,647
10 Day Avg. Volume2,828
30 Day Avg. Volume5,391
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.38
Price to Sales (P/S)0.68
P/FCF Ratio6.55
Enterprise Value/Market Cap2.28
Enterprise Value/Revenue2.56
Enterprise Value/Gross Profit11.19
Enterprise Value/Ebitda7.37
Forecast
1Y Price Target
$33.33Price Target Upside51.79% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)2.8
Revenue Forecast (FY)$64.48M
Bulls Say, Bears Say
Bulls Say
Strengthening Cash GenerationEuroDry's move to positive free cash flow and materially improved operating cash flow provides durable financial flexibility to fund capex, service debt, and pursue buybacks. Stronger cash generation reduces short-term refinancing pressure in a cyclical market and supports execution of growth plans.
High Utilization And Per-vessel EarningsNear-100% utilization and a >100% jump in per-vessel TCE reflect improved commercial execution and favorable market positioning. Sustained high utilization supports margin durability and cash conversion across cycles by maximizing revenue days on a fixed asset base.
Fleet Modernization And Disciplined ExpansionAdding eco Kamsarmax and Ultramax newbuilds modernizes capacity and improves fuel efficiency and charter competitiveness long term. A younger, eco-focused fleet supports better operating economics, potential secondhand value, and stronger positioning versus aging peers.
Bears Say
Moderate-to-elevated LeverageLeverage roughly in line with equity limits financial cushioning in weaker rate cycles and increases sensitivity to rate volatility. Upcoming amortizations require sustained cash generation or refinancing, constraining capital allocation flexibility over the next 2–4 years.
Rising Breakeven LevelsHigher cash‑flow breakevens narrow the margin for error versus volatile freight markets. Persistently elevated breakevens mean that rate downdrafts can more quickly impair FCF and debt serviceability, raising structural downside risk through 2026–2028.
Conditional Newbuild Financing And Execution RiskExpansion depends on bank guarantees and external financing; failure or higher-cost funding would delay deliveries, strain liquidity, or dilute equity. Execution risk on conditional newbuilds is a lasting structural uncertainty for fleet growth and future earnings.
EDRY FAQ
What was EuroDry Ltd’s price range in the past 12 months?
EuroDry Ltd lowest stock price was $8.66 and its highest was $24.48 in the past 12 months.
What is EuroDry Ltd’s market cap?
EuroDry Ltd’s market cap is $62.81M.
When is EuroDry Ltd’s upcoming earnings report date?
EuroDry Ltd’s upcoming earnings report date is Aug 12, 2026 which is in 59 days.
How were EuroDry Ltd’s earnings last quarter?
EuroDry Ltd released its earnings results on May 20, 2026. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.417 by -$0.297.
Is EuroDry Ltd overvalued?
According to Wall Street analysts EuroDry Ltd’s price is currently Undervalued.
Does EuroDry Ltd pay dividends?
EuroDry Ltd does not currently pay dividends.
What is EuroDry Ltd’s EPS estimate?
EuroDry Ltd’s EPS estimate is 1.14.
How many shares outstanding does EuroDry Ltd have?
EuroDry Ltd has 2,796,647 shares outstanding.
What happened to EuroDry Ltd’s price movement after its last earnings report?
EuroDry Ltd reported an EPS of $0.12 in its last earnings report, missing expectations of $0.417. Following the earnings report the stock price went up 2.79%.
Which hedge fund is a major shareholder of EuroDry Ltd?
Currently, no hedge funds are holding shares in EDRY
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
EuroDry Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$33.33 (51.79% Upside)
$33.33 (51.79% Upside)
Insider Transactions
Sold Shares
Worth $14.2K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
-36.76%
12-Months-Change
Fundamentals
Return on Equity
-0.33%
Trailing 12-Months
Asset Growth
-0.91%
Trailing 12-Months
Company Description
EuroDry Ltd
EuroDry Ltd., a global marine shipping firm founded in 2018 and based in Marousi, Greece, provides worldwide ocean-going transport services through its subsidiaries. The company owns and manages a fleet of dry bulk carriers. These vessels are primarily used to transport major bulk commodities like iron ore, coal, and grains, alongside minor bulk cargo such as bauxite, phosphate, and fertilizers. As of March 31, 2022, its operational fleet consisted of ten dry bulk ships—specifically, five Panamax, two Ultramax, two Kamsarmax, and one Supramax—boasting a combined cargo capacity of 726,555 deadweight tons.
EDRY Company Deck
EDRY Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a strong quarter marked by significant revenue growth (38.9%), a return to profitability (net income $260k vs prior-year loss), a large positive swing in adjusted EBITDA (~$4.87M vs -$1.02M), improved utilization and more than doubled per-vessel earnings. Management is executing buybacks while investing in fleet modernization (4 newbuilds) and maintaining disciplined charter/hedging strategies. Key risks include macro/geopolitical uncertainty, conditional newbuilding financing, rising breakeven levels, and upcoming debt/newbuild payments. On balance, near-term operational and market momentum outweigh the execution and market risks discussed.View all EDRY earnings summariesEDRY Stock 12 Month Forecast
Average Price Target
$33.33
▲(51.79% Upside)
Technical Analysis
Ownership Overview
2.74% Insiders
0.14% Mutual Funds
<0.01% Other Institutional Investors
97.12% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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