(ESEA) Euroseas - Ratings and Ratios

Euroseas Ltd. (NASDAQ:ESEA) operates as a global provider of ocean-going transportation services, specializing in the movement of containerized cargoes. The companys fleet, comprising 20 containerships with a combined cargo capacity of approximately 777,749 deadweight tons (dwt), transports a diverse range of goods, including manufactured products, perishables, and other dry and refrigerated containerized cargoes. Founded in 2005 and headquartered in Marousi, Greece, Euroseas has established itself as a key player in the marine transportation sector, focusing on efficient and reliable shipping solutions. The companys strategic location in Greece positions it at the crossroads of major global trade routes, enabling it to serve a wide range of international markets.

As of March 31, 2024, Euroseas Ltd. maintains a fleet of 20 containerships, ensuring a significant presence in the global marine transportation industry. The companys operations are supported by a team of experienced professionals who oversee the management and maintenance of its vessels, ensuring compliance with international maritime regulations and standards. Euroseas commitment to operational efficiency and safety has allowed it to build long-term relationships with clients across various industries, further solidifying its position in the competitive global shipping market. The companys website, accessible at https://www.euroseas.gr, provides detailed information on its services, fleet, and corporate governance.

Ticker Symbol: ESEA Exchange: NASDAQ Type: common stock Country Origin: Greece GICS Sub Industry: Marine Transportation

Average Volume 20d: 30,371 Last Price: 35.40 SMA 20: 33.36 SMA 50: 33.74 SMA 200: 38.33 ATR: 1.26

Market Cap: 235.52M USD P/E: 2.06 P/E Forward: 2.26 P/B: 0.69 P/S: 1.13 RoE: 32.94

3-Month Forecast: Based on the provided and , Euroseas Ltd. (NASDAQ:ESEA) is expected to face a challenging environment in the near term. The stock is currently trading below its SMA 20 and SMA 50, indicating bearish momentum. The SMA 200, at 38.33, is above the current price of 35.40, suggesting potential resistance at higher levels. The ATR of 1.26 indicates moderate volatility, which could lead to price fluctuations in the coming weeks. On the fundamental side, the low P/E and P/B ratios suggest undervaluation, while the high RoE of 32.94 highlights strong profitability. However, the forward P/E of 2.26 indicates limited upside potential in the short term. Overall, the stock is likely to experience sideways to downward movement in the next three months, with potential support near the SMA 50 level of 33.74.