Currently, there are 119.80M common shares owned by the public and among those 42.92M shares have been available to trade.
The company’s stock has a 5-day price change of 1.04% and -23.87% over the past three months. CMRE shares are trading -17.12% year to date (YTD), with the 12-month market performance down to -4.40% lower. It has a 12-month low price of $10.33 and touched a high of $17.58 over the same period. CMRE has an average intraday trading volume of 336.96K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.35%, -13.08%, and -23.42% respectively.
Institutional ownership of Costamare Inc (NYSE: CMRE) shares accounts for 28.15% of the company’s 119.80M shares outstanding.
It has a market capitalization of $1.28B and a beta (3y monthly) value of 1.24. The stock’s trailing 12-month PE ratio is 4.37, while the earnings-per-share (ttm) stands at $2.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.34% over the week and 3.04% over the month.
Earnings per share for the fiscal year are expected to decrease by -8.88%, and -3.58% over the next financial year. EPS should shrink at an annualized rate of -5.81% over the next five years, compared to 32.90% over the past 5-year period.
Looking at the support for the CMRE, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on April 24, 2023, with the firm’s price target at $15-$10. Stifel coverage for the Costamare Inc (CMRE) stock in a research note released on January 13, 2023 offered a Hold rating with a price target of $11. Jefferies was of a view on July 21, 2022 that the stock is Buy, while Citigroup gave the stock Buy rating on September 28, 2020, issuing a price target of $4- $6.50. Stifel on their part issued Buy rating on July 22, 2020.
