Costamare Inc. (CMRE): Analysis on simple moving average

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Costamare Inc. (NYSE:CMRE) changes shares on Friday trading session, with a change of -0.21% or -$0.01 shares. The trading starts at $5.06 and closed at $4.82 throughout the day. The trading session low price was $4.74 and day high was $5.0815 on Friday, June 12. After the session, the Industrials sector daily volume shifted to 0.57 million while its average volume is 693.32K. In other hand, the CMRE market cap reached to $578.11M. While, its current target price is $4.81 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -9.25% and up 12.91% for month. Its quarterly performance was 4.11% above, while its half year performance is down -47.03%. CMRE yearly performance stood at negative -6.05% and fall -49.53% for year-to-date. Current recommendation for Costamare Inc. is 3.30.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CMRE EPS (TTM) for 12-month is 0.87. EPS for this year is 75.80%, while for the next year its value is 0.92. Its EPS Q/Q reached 360.60%. It has an EPS of -15.80% down for past five years.

Dimensional Fund Advisors LP, Renaissance Technologies, LLC and Cape Ann Asset Management Ltd are the top three holders in Costamare Inc. (CMRE) stock. On Mar 30, 2020, Dimensional Fund Advisors LP has 5.3 million shares which valued 23.95 million. On Mar 30, 2020, Renaissance Technologies, LLC owned 4.08 million shares which valued at 18.43 million. On Mar 30, 2020, Cape Ann Asset Management Ltd has a total of 2.7 million shares which valued at 12.23 million. In the end, Cape Ann Asset Management Ltd have 2.27% shares outstanding of Costamare Inc. (CMRE) on Mar 30, 2020. The insider ownership moved to 77.90% and institutional holding shifted to 28.30%.

The company posted an EPS (TTM) of 0.87. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of 0.21, while 0.22 EPS posted a year ago period. Analyst Estimated EPS for CMRE published in the report was 0.17-0.24 during the same period. Comparing with last year, the average estimated EPS was 0.22 which is lower than 0.27 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CMRE fall -28.20% for period of 200 days. SMA for 50 days was 1.05% which is showing green signal, while SMA-20 was -0.71%. The moving average value for Costamare Inc. (CMRE) is 6.5820 and 4.8115 for 200 and 50 days respectively.