EDRY:NASDAQEuroDry Ltd. Analysis
Data as of 2026-03-30 - not real-time
$18.71
Latest Price
7/10Risk
Risk Level: Medium
Executive Summary
Technical outlook: EuroDry trades around $18.71, sitting below its 20‑day SMA (~$19.71) but comfortably above the 50‑day (~$17.22) and 200‑day (~$13.11) averages, indicating a longer‑term bullish bias. The RSI hovers near 50 and the MACD histogram is negative, while price is near the calculated support of $17.02, suggesting limited downside. Volume is on the rise and the Fear & Greed index reads 68 (Greed), reflecting positive market sentiment.
Fundamental outlook: Revenue grew ~20% YoY to $52 M with healthy gross (36%) and operating (27%) margins, and the latest quarter posted a $3.2 M net profit after a prior loss, signaling an earnings turnaround. The balance sheet is leveraged (debt ≈ $103 M vs cash $20 M, debt‑to‑equity ~100%), yet valuation is compelling: forward PE of 5.9 versus industry ~28, price‑to‑book of 0.58, and a DCF fair value near $74 implying ~56% upside. High 30‑day volatility (~92%) and micro‑cap liquidity constraints add risk, but the upside potential and improving earnings make the stock attractive for investors willing to tolerate debt‑service and sector cyclicality.
Fundamental outlook: Revenue grew ~20% YoY to $52 M with healthy gross (36%) and operating (27%) margins, and the latest quarter posted a $3.2 M net profit after a prior loss, signaling an earnings turnaround. The balance sheet is leveraged (debt ≈ $103 M vs cash $20 M, debt‑to‑equity ~100%), yet valuation is compelling: forward PE of 5.9 versus industry ~28, price‑to‑book of 0.58, and a DCF fair value near $74 implying ~56% upside. High 30‑day volatility (~92%) and micro‑cap liquidity constraints add risk, but the upside potential and improving earnings make the stock attractive for investors willing to tolerate debt‑service and sector cyclicality.
Market Outlook
Short Term
< 1 yearPositive
Model confidence: 7/10
Key Factors
- Recent quarterly profit turnaround
- Price near technical support with increasing volume
- Significant upside implied by DCF valuation
Medium Term
1–3 yearsNeutral
Model confidence: 5/10
Key Factors
- Need to reduce high debt levels
- Sustained revenue growth in dry‑bulk market
- Potential volatility from shipping cycle
Long Term
> 3 yearsPositive
Model confidence: 8/10
Key Factors
- Deep discount to book value and low P/E multiples
- Long‑term demand growth for bulk commodities
- Fleet capacity positioned for post‑cycle recovery
Key Metrics & Analysis
Financial Health
Revenue Growth19.90%
Profit Margin-8.16%
P/E Ratio5.9
ROE-3.64%
ROA0.05%
Debt/Equity100.36
P/B Ratio0.6
Op. Cash Flow$12.8M
Free Cash Flow$9.9M
Industry P/E28.0
Technical Analysis
TrendBullish
RSI49.3
Support$17.02
Resistance$22.79
MA 20$19.71
MA 50$17.22
MA 200$13.11
MACDBearish
VolumeIncreasing
Fear & Greed Index68.36
Valuation
Fair Value$73.89
Target Price$29.33
Upside/Downside56.82%
GradeUndervalued
TypeBlend
Risk Assessment
Beta0.65
Volatility91.67%
Sector RiskMedium
Reg. RiskMedium
Geo RiskMedium
Currency RiskMedium
Liquidity RiskHigh
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.