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Eagle Bulk Shipping Inc. (NASDAQ: EGLE) Is An Exciting Stock To Watch.

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) shares, rose in value on Friday, 05/13/22, with the stock price up by 2.47% to the previous day’s close as strong demand from buyers drove the stock to $63.78.

Actively observing the price movement in the last trading, the stock closed the session at $62.24, falling within a range of $61.25 and $65.24. The value of beta (5-year monthly) was 1.30 whereas the PE ratio was 5.43 over 12-month period. Referring to stock’s 52-week performance, its high was $72.24, and the low was $36.18. On the whole, EGLE has fluctuated by 0.54% over the past month.

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With the market capitalization of Eagle Bulk Shipping Inc. currently standing at about $854.65 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 02, 2022 – Mar 07, 2022. The company’s Forward Dividend Ratio is 8.20, with its dividend yield at 12.86%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $6.18, which is expected to increase to $3.68 for fiscal year $16.55 and then to about $14.9 by fiscal year 2022. Data indicates that the EPS growth is expected to be 586.80% in 2022, while the next year’s EPS growth is forecast to be -10.00%.

Analysts have estimated the company’s revenue for the quarter at $146.03 million, with a low estimate of $118.82 million and a high estimate of $171.03 million. According to the average forecast, sales growth in current quarter could jump up 94.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $483.56 million, representing an increase of 75.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that EGLE’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EGLE currently trading nearly -1.67% and 0.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.83, while the 7-day volatility ratio is showing 8.73% which for the 30-day chart, stands at 6.97%. Furthermore, Eagle Bulk Shipping Inc. (EGLE)’s beta value is 1.28, and its average true range (ATR) is 4.56.

Data on historical trading for Eagle Bulk Shipping Inc. (NASDAQ:EGLE) indicates that the trading volumes over the past 3 months, they’ve averaged 425.16K. According to company’s latest data on outstanding shares, there are 12.89 million shares outstanding.

Nearly 2.00% of Eagle Bulk Shipping Inc.’s shares belong to company insiders and institutional investors own 75.60% of the company’s shares. The stock has risen by 40.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EGLE stock heading into the next quarter.

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