Heidmar Maritime (NASDAQ:HMR) Shares Down 1.4% – What’s Next?

by · The Markets Daily

Heidmar Maritime Holdings Corp. (NASDAQ:HMR – Get Free Report) was down 1.4% during trading on Wednesday. The stock traded as low as $1.37 and last traded at $1.42. Approximately 54,010 shares were traded during mid-day trading, a decline of 65% from the average session volume of 153,595 shares. The stock had previously closed at $1.44.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research raised Heidmar Maritime from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Heidmar Maritime in a report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Heidmar Maritime presently has an average rating of “Hold” and an average price target of $2.62.

View Our Latest Report on HMR

Heidmar Maritime Trading Down 1.4%

The company has a market cap of $83.77 million, a P/E ratio of 71.04 and a beta of -0.31. The business has a 50 day moving average price of $1.63 and a 200-day moving average price of $1.20.

Heidmar Maritime (NASDAQ:HMR – Get Free Report) last issued its earnings results on Tuesday, September 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). The firm 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%. On average, sell-side analysts expect that Heidmar Maritime Holdings Corp. will post 0.20 earnings per share for the current year.

About Heidmar Maritime

(Get Free Report)

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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