Eagle Bulk Shipping Inc. (EGLE): Technical Analysis and analyst Ratings


Eagle Bulk Shipping Inc. (NASDAQ:EGLE) changes shares on Monday trading session, with a change of 0.00% or $0.0 shares. The trading starts at $2.46 and closed at $2.48 throughout the day. The trading session low price was $2.40 and day high was $2.56 on Monday, June 22. After the session, the Industrials sector daily volume shifted to 0.57 million while its average volume is 598.94K. In other hand, the EGLE market cap reached to $204.90M. While, its current target price is $2.48 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 up 0.81% and up 31.22% for month. Its quarterly performance was 37.78% above, while its half year performance is down -45.61%. EGLE yearly performance stood at negative -50.30% and fall -46.09% for year-to-date. Current recommendation for Eagle Bulk Shipping Inc. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. EGLE EPS (TTM) for 12-month is -0.35. EPS for this year is -273.60%, while for the next year its value is 0.21. It has an EPS of 74.60% up for past five years.

Let’s take a look on the analyst recommendations on EGLE for the current month and previous month. For the current month, 7 of 9 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 9 analysts participate in stock recommendation. Out of 9, 0 rated it sell, 7 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $1.80-$4.80. Average target price for EGLE was reached at $3.60.

The insider ownership moved to 2.10% and institutional holding shifted to 87.90%.

The company posted an EPS (TTM) of -0.35. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of -0.24, while -0.08 EPS posted a year ago period. Analyst Estimated EPS for EGLE published in the report was -0.29–0.15 during the same period. Comparing with last year, the average estimated EPS was -0.08 which is lower than -0.05 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 EGLE fall -25.56% for period of 200 days. SMA for 50 days was 32.41% which is showing green signal, while SMA-20 was 9.54%. The moving average value for Eagle Bulk Shipping Inc. (EGLE) is 2.8035 and 1.9859 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in EGLE stock. On Jan 03, Vogel Gary, Chief Executive Officer, sold 11,105 trading shares at the cost of $4.54, which valued at 50401.0. On Jan 02, Vogel Gary, Chief Executive Officer, sold 6,118 shares at the cost of $4.52, with total shares of 987,105. On Dec 30, GOLDENTREE ASSET MANAGEMENT LP, 10% Owner, sold 14,398 shares at the cost of 4.68. After this transaction, GOLDENTREE ASSET MANAGEMENT LP total shares reached to 8,082 which valued at 67383.0.