Costamare Inc. (NYSE: CMRE) shares are -48.16% down in the year-to-date (YTD) period and have moved 3.56% or $0.17 higher in the latest trading session. However, stock’s trailing 12-month performance remains nearly +56.33% lower. Comparatively, the stock is -54.45% down YTD and 7.39% over the trailing 3-month period. If we look at the shorter duration, its week performance is -2.18% and 3.35% over the month.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
On November 01, 2019, Citigroup recommended the CMRE stock is a Sell, while earlier, Stifel had Upgrade the stock as a Buy on July 22, 2020. 3 analysts offering the recommendations for the stock have a consensus rating of 2.70 to suggest that the CMRE stock is a “Moderate Buy. 2 of the 3 analysts rate the stock as a “Sell”, while 0 has rated it as “Underweight”. 1 recommend buying, with 0 rating it as an Overweight.
The stock currently trades at $4.94 and analysts tracking its performance over the next 12 months have a consensus estimate price target of $6.00. The forecasts give the Costamare Inc. stock a price target range of $10.00 on the higher side while at least one analyst think the stock could plunge to a low of $4.00. The two limits represent an upside potential of 50.6% or -23.5%.
Analysts estimate the earnings to increase 23.80% in the current quarter to $0.2, down from the $0.26 reported in the same quarter a year ago. For the current year, earnings should grow to an average of $0.97, down -1.00% from $0.91 reported last year. Analysts also offered guidance for the next financial quarter, with their average projected EPS at between $0.14 and $0.29. Wall Street estimates earnings per share to be at an average of $1.06 for the next year.
SCWorx Corp. (NASDAQ:WORX), on the other hand, is trading around $2.20 with a market cap of $22.86M and analyst research firms have a positive stance on its shares.
Let us briefly look at the SCWorx Corp. (WORX) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.
Company balance sheet and cash flow
WORX’s operating expenses over the recent quarter were at $4.31 million. This represented a -198.2% of the company’s total revenues which amounted $1.45 million. With this in place, we can see that the company’s diluted EPS declined -$0.41 on the year-over-year period, shrinking to -$0.38 as given in the last earnings report.
The cash flow from operating activities totaled -$1.0 million, significantly higher than the -$3.94 million reported in the year-ago quarter. The company’s free cash flow for the quarter was -$1.0 million.
Insiders have transacted a total of 10 times at SCWorx Corp. over the last 6 months, with insider purchases undertaken 10 times and accounting for 1,375,807 shares. Insider sales totaled 0 shares over the same period, with these deals completed in 0 transactions. Looking at these numbers, we realize that net purchases over that period are 10.0 shares. Insiders now hold a total of 2.92M shares after the latest sales, with 12.70% net shares purchased.
Insiders own 17.50% of the company shares, while shares held by institutions stand at 2.00% with a share float percentage of 7.75M. Investors are also buoyed by the number of investors in a company, with SCWorx Corp. having a total of 9 institutions that hold shares in the company. The top two institutional holders are Millennium Management LLC with over 21300.0 shares worth more than $47925.0. As of Mar 30, 2020, Millennium Management LLC held 0.30% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the investment firm holding over 20841.0 shares as of Mar 30, 2020. The firm’s total holdings are worth over $46892.0 and represent 0.29% of shares outstanding.