Heidmar Maritime Holdings Corp. (NASDAQ:HMR – Get Free Report)’s share price fell 1.4% during mid-day trading on Wednesday. The stock traded as low as $1.37 and last traded at $1.42. Approximately 54,010 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 153,595 shares. The stock had previously closed at $1.44.
Wall Street Analysts Forecast Growth
HMR has been the topic of several recent analyst reports. Zacks Research upgraded Heidmar Maritime from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.62.
View Our Latest Research Report on HMR
Heidmar Maritime Stock Down 1.4%
The business’s fifty day moving average is $1.63 and its 200 day moving average is $1.20. The firm has a market capitalization of $83.77 million, a price-to-earnings ratio of 71.04 and a beta of -0.31.
Heidmar Maritime (NASDAQ:HMR – Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The company had revenue of $29.00 million during the quarter. Heidmar Maritime had a net margin of 2.47% and a return on equity of 21.68%. Equities research analysts expect that Heidmar Maritime Holdings Corp. will post 0.20 EPS for the current year.
Heidmar Maritime Company Profile
Heidmar Maritime Holdings Corp. is a maritime transportation and commercial management company focused primarily on the tanker shipping sector. Through its operating businesses and vessel pools, the company coordinates the employment of tankers that transport crude oil, refined petroleum products and other liquid bulk commodities.
Heidmar’s services include commercial management, chartering, voyage planning, operations coordination and customer relationship management. Its pool-based model combines vessels from multiple owners and seeks to improve scheduling, cargo matching and utilization across global shipping routes.
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