Okeanis Eco Tankers Corp (NYSE: ECO) is -25.67% lower on its value in year-to-date trading and has touched a low of $17.91 and a high of $35.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ECO stock was last observed hovering at around $22.15 in the last trading session, with the day’s gains setting it 1.04%.
Currently trading at $23.19, the stock is 2.30% and -0.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 4.70% at the moment leaves the stock -4.32% off its SMA200. ECO registered 9.08% gain for a year compared to 6-month gain of 12.08%. The firm has a 50-day simple moving average (SMA 50) of $23.2292 and a 200-day simple moving average (SMA200) of $24.2362.
The stock witnessed a 4.04% loss in the last 1 month and extending the period to 3 months gives it a 6.82%, and is 3.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.11% over the week and 2.75% over the month.
Okeanis Eco Tankers Corp (ECO) has around 13 employees, a market worth around $734.66M and $362.25M in sales. Current P/E ratio is 9.35 and Fwd P/E is 5.91. Profit margin for the company is 22.05%. Distance from 52-week low is 29.48% and -34.93% from its 52-week high. The company has generated returns on investments over the last 12 months (7.99%).
The EPS is expected to shrink by -14.14% this year
59.0 institutions hold shares in Okeanis Eco Tankers Corp (ECO), with institutional investors hold 41.75% of the company’s shares. The shares outstanding are 32.19M, and float is at 12.67M with Short Float at 2.59%. Institutions hold 16.98% of the Float.
The top institutional shareholder in the company is QVT FINANCIAL LP with over 1.42 million shares valued at $41.19 million. The investor’s holdings represent 4.4232 of the ECO Shares outstanding. As of 2024-06-30, the second largest holder is FIL LTD with 0.65 million shares valued at $20.92 million to account for 2.0315 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 0.28 million shares representing 0.8599 and valued at over $8.86 million, while HSBC HOLDINGS PLC holds 0.5531 of the shares totaling 0.18 million with a market value of $5.69 million.
