|Bid||0.0000 x 3000|
|Ask||0.0000 x 1100|
|Day's Range||1.9800 - 2.4400|
|52 Week Range||1.2700 - 5.7400|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 08, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 18, 2008|
|1y Target Est||3.66|
The S&P 500 is up 3.6% this week, marking another swing in a six-week run of volatile trading. At 2,968, the index is still down 8% year-to-date, but is holding at resistance levels indicative of a true rally. Investor confidence is high, and traders are clearly willing to buy in right now.Reviewing the situation for investment research firm CFRA, analyst Sam Stovall sees the current market as the prelude to all-time highs: “In other bear markets going back to 1929, and the average 13 month advance was 50%.” In his view, short-term losses will be transitory, and, “Wall Street is focusing more on what will be beyond the next 6 to 9 months rather than what could be happening in the next 2 to 3 months.”The rally has raised a question, though – where to invest?To find names that can deliver solid returns and come with a bargain price tag, these investors will often turn to penny stocks, or those trading for less than $5 per share.Sure, there could be a very good reason these tickers are so affordable, but should there be even minor share price appreciation, massive percentage gains could materialize, along with hefty profits for investors.Bearing this in mind, we used TipRanks database to pinpoint three Buy-rated penny stocks that have earned a thumbs up from members of the analyst community. Not to mention each boasts substantial upside potential of over 70%.Mogo Finance Technology (MOGO)First on our list is a micro-cap fintech, Mogo. This company offers customers options for financial management, including credit score viewing, identity fraud protection, mortgage services, personal loans, and prepaid Visa cards. Mogo uses direct contact with customers to bypass big banks and hidden fees.Like many small companies, Mogo has had a hard time in dealing with the economic effects of the coronavirus epidemic in Q1. MOGO shares are down 68% in the past three months. Yet, B Riley FBR, analyst Scott Buck sees Mogo’s membership growth as the key to the company’s forward prospects.“While growth initiatives are likely to slow in the near term, we believe managingthe business through the current headwinds will be enough to drive meaningful upside to MOGO shares from current levels. We believe positive cash flow should serve as a bridge for investors as we expect growth to move to the forefront in late 2020 and into 2021 [...] While these headwinds are likely to persist near term, we believe Mogo is still positioned to be a long-term winner in the consumer finance sector," Buck noted.Buck put a $4 price target on MOGO shares, supporting his Buy rating and suggesting a whopping 371% upside potential for the coming year. (To watch Buck’s track record, click here)Wall Street is in agreement that MOGO’s doldrums are temporary. The stock’s three recent Buy ratings make the analyst consensus a unanimous Strong Buy, while the $3.01 average price target implies a robust 255% upside potential from the 85-cent current trading price. (See MOGO stock analysis on TipRanks).Eagle Bulk Shipping (EGLE)Next on our list is Eagle Bulk Shipping, a player in international oceanic trade. Eagle’s fleet of dry bulk cargo carriers move a range of products around the world, including cement, coal, fertilizer, grains, and iron ore. The company boasts a market cap of $137 million, and a fleet of 50 Ultramax and Supramax cargo vessels.After badly missing the earnings forecast in Q4, Eagle surpassed the Q1 estimates by 67%. The strong performance came even as quarterly revenue fell year-over-year and the COVID-19 pandemic shut down economic activity around the globe. EGLE reported a net loss of 5 cents, against the 15 cents expected. Total revenue came in at $47.8 million, a modest 1.4% above the forecast.Covering EGLE for Evercore ISI, analyst Jonathan Chappell writes, “Lower interest costs amid plummeting LIBOR rates and lower G&A expenses should help offset some of the top-line headwinds for 2Q, as well as the remainder of this year [...] Management is confident that continued execution of this track record along with a cyclical recovery in the dry bulk market will enable the shares to begin to reflect this value add. We agree..”Chappell rates EGLE shares an Outperform (i.e. Buy), and while he has lowered his price target from $3.50 to $3.00, the new target still indicates a potential 68% upside for the year. (To watch Chappell’s track record, click here)The Wall Street analyst corps is actually slightly more bullish here than Chappell allows. EGLE shares have a Strong Buy analyst consensus rating, based on 3 Buys and 1 Hold, and an average price target of $4.13 suggests a possible 131% one-year upside potential. (See Eagle Bulk Shipping stock analysis on TipRanks)PowerFleet, Inc. (PWFL)The last penny stock on our list PowerFleet, a wireless asset management company. PowerFleet’s products offer connectivity for industrial trucks, rental vehicles, and other transport assets. Based in New Jersey, the company has a $128 million market cap and a worldwide customer base. PowerFleets’s products and workforce have been recognized by the US Department of Homeland Security as essential for meeting the challenges presented by the COVID-19 epidemic.Being classed as an essential service gave the company a boost in Q1, and PowerFleet met expectations for quarterly earnings. The company reported over $30 million in total revenue, up 126% year-over-year, and generated $2.8 million in operating cash flow. PowerFleet finished the first quarter with plenty of liquidity, reporting $16.6 million in cash and cash equivalents, as part of $24.1 million in working capital. Share prices ticked up modestly after the earnings release.Reviewing the company for Canaccord, 5-star analyst Michael Walkley set an $8 price target on the stock, showing his confidence in a solid 79% upside in the next 12 months, and backing his Buy rating. (To watch Walkley’s track record, click here)In his comments on PWFL, Walkley wrote, “For fleet management, we believe PowerFleet is one of the only true end-to-end solutions in the market spanning in-cab, refrigerated trailers, dry vans, and containers… we believe the combined PowerFleet has a strong portfolio of products on a leading platform to grow its market share – as evidenced by its strong global customers including Jungheinrich, Nestle, Walmart, Michelin, Caterpillar and others.”The analyst consensus on PWFL shares is a Strong Buy; the stock has 5 recent reviews, including 4 Buys and a single Hold. The shares are selling for $4.82, and the average price target of $7.40 suggests it has room for 53% upside growth in 2020. (See PowerFleet stock analysis at TipRanks)To find good ideas for penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
The report, which has been prepared in accordance with the guidelines set by the Sustainability Accounting Standards Board, provides an overview of Eagle’s strategic priorities and performance with respect to various environmental, social, and governance-related matters. In particular, we have been able to improve emission efficiencies, create a better work environment, and increase transparency, to name a few.
Image source: The Motley Fool. Eagle Bulk Shipping Inc (NASDAQ: EGLE)Q1 2020 Earnings CallMay 8, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings and welcome to the Eagle Bulk Shipping First Quarter 2020 Results Conference Call.
Eagle Bulk Shipping (EGLE) delivered earnings and revenue surprises of 66.67% and 1.41%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
STAMFORD, Conn., May 07, 2020 -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the.
STAMFORD, Conn., April 24, 2020 -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) will report its financial results for the first quarter ended March 31, 2020, after the close of.
[Editor's note: "7 Small-Cap Stocks That Are Not Worth a Second Glance" was previously published in January 2020. It has since been updated to include the most relevant information available.]There are over 3,700 stocks that are traded on U.S. exchanges, and the Dow Jones Industrial Average and the S&P 500 indexes only cover the biggest of them.There are plenty of mid-sized and small companies that can be great stocks when times are good, to be sure. But they can also struggle to find their footing when sectors get tight or are in transition.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe seven small-cap stocks not worth a second glance below, are just such stocks. They are either in industries where there's a shift in technologies or are in sectors where investors are rotating out of the smaller firms for the security of larger names. As a result, they just don't measure up in the stock-picking system I use for my Growth Investor recommendations. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem My Portfolio Grader has given these all "F" ratings, which means they're not a good idea, even for bargain hunters. Eagle Bulk Shipping (EGLE)Source: VladSV / Shutterstock.com Eagle Bulk Shipping (NASDAQ:EGLE) is, as its name implies, a dry bulk shipper. That means it ships goods that aren't "wet," like oil. Think coal, grain, fertilizer and other commodities on shipping routes around the world.There's actually an index that tracks dry goods shipping, because it's one of those forward-looking indicators on how the global economy is doing. When it's rising, demand for goods is up.It's like looking at U.S. railroads or trucking companies to get an indicator of the U.S. economy. But here, it's not about energy, it's about other industrial goods.The Baltic Dry Index is its name. It's down almost 50% this year, and it's sitting where it was about five years ago, at a multi-year low.The fact is, some of these commodities are seeing different shifts in production and distribution. Dry shipping may never be the same and EGLE stock may be at the beginning of the end. Pacific Drilling (PACD)Source: Shutterstock Pacific Drilling (NYSE:PACD) is an offshore contract drilling company that specializes in ultra-deepwater drilling services.The problem with this is twofold.First, since there's so much supply around the world with current operations, the need for more drilling isn't a pressing demand.Second, ultra-deepwater drilling is expensive and was a solution that was gaining traction before unconventional drilling (like fracking) become the hot new technology and unleashed a fracking boom across the U.S. and other parts of the world. * 7 Stocks to Buy Once the Market Bottoms Unconventional drilling is much cheaper as well. So, PACD stock is suffering from both the broad sector demand issue as well as a niche, premium sector issue.The stock is down from about $14 per share to 60 cents in the past year, and it may not go up much for quite a while. There are much better investments right now. BlackRock Capital Investment (BKCC)Source: David Tran Photo / Shutterstock.com BlackRock Capital Investment (NASDAQ:BKCC) is a subsidiary of the massive asset management firm BlackRock (NYSE:BLK). It considers itself a business development company.The goal of BKCC is to provide secured financing for mid-sized businesses. It's set up as a total return play, which means its goal is to provide growth as well as income to investors.And the while income side is doing well -- it's delivering an 22% dividend currently -- the growth side is not doing so well. It's off nearly 60% in the last year. And that was before JPMorgan downgraded the stock this week from "overweight" to "neutral," basically a double downgrade.If institutional investors are moving away from this stock, you can be sure that whatever the issues, it will be a while before BKCC is back in good graces. The dividend is generous, but not if the growth side remains negative. Gannett (GCI)Source: Jonathan Weiss / Shutterstock.com Gannett (NYSE:GCI) is the publisher of USA Today as well as a host of other local newspapers and related publications around the U.S.This company was a juggernaut when it launched USA Today in 1982. No one had launched a daily national newspaper for many years. And it ushered in a new concept in news and information delivery.But that pioneering spirit has now turned into more of the survival instincts of the Donner Party, with M&A keeping lots of papers afloat. Its main source of revenue has dried up, and there's a lot of competition in a shrinking sector. Even local papers aren't able to keep up with online publications and free information.And the economies of scale on the local level are elusive. Plus you can only cut so much fat and muscle until you hit bone. What you need to survive and thrive is scalability -- which is why I'm focusing on a key technological innovation that provides just that. * 7 Stocks to Buy That Have Survived the Recent Carnage Meanwhile, this stock is off 80% in the past year, so even its massive (now) 75% dividend doesn't help. Plus, that dividend is likely unsustainable for any period in time and once it's cut, the stock will sink even more quickly. Fossil (FOSL)Source: Faiz Zaki / Shutterstock.com Fossil (NASDAQ:FOSL) was an exciting growth stock about 10-15 years ago. But that hasn't been the case for a while.It's a fashion watchmaker and its distribution channels were heavily in department stores and larger retailers where its low- to mid-market watches became very popular.But the rise of eCommerce started to challenge its distribution strategy. And the death of shopping malls as well as the transition of the big-box retailers to online sales also hurt its margins.Digital in general has also been tough. It doesn't make smartwatches or products that integrate any tech devices.But the trade war with China was one of the final straws. Parts and production became more expensive. And being a small company, it couldn't just shift production to another country where it had facilities.All these headwinds are hurting the stock, which is down 73% yet still has a trailing price-to-earnings ratio above 200. Peabody Energy (BTU)Source: Philip Rozenski / Shutterstock.com Peabody Energy (NYSE:BTU) used to be one of the top energy companies in the U.S. It was one of the largest coal companies in America, and then, in the world. It currently has 23 mines (surface and underground) in the U.S. and Australia.That means it's strategically placed to ship coal to U.S. customers and China, as well as other Asian countries.The problem is, King Coal has been dethroned. It's increasingly becoming a third-rate fuel choice.Fracking in the U.S. has made natural gas a cheaper and more efficient fuel. And China is transitioning its power plants off of coal as well, to show that it's modernizing. * 7 Stocks Insiders Are Buying Big Amid the Market Panic As a pure coal play, BTU is not well positioned for this dethroning. The stock is off 89% in the past year and even if demand rises now that the U.S.-China trade war is off the boil, it's a dying industry. For growth plays, I recommend you look elsewhere, at an up-and-coming industry that's just coming into its full potential. Groupon (GRPN)Source: Ken Wolter / Shutterstock.com Groupon (NASDAQ:GRPN) was a revolutionary idea when it hit the scene in 2008. By 2011, when it went public, it was looking at a market valuation of $1.4 billion.Fast forward a decade later. After numerous acquisitions, global expansion and lots of strategic partners, the stock has a market capitalization of $1.6 billion.That's not a lot of growth. And it's safe to say expectations are significantly lower than they were a decade ago.Unfortunately for GRPN stock, its model of helping small, local businesses increase visibility and online awareness by offering deals has been overtaken by technology.It's now pretty easy for companies to set up their own sites or pay a local company -- or even a kid -- to build a website. And social media has also expanded small companies' ability to gain eyeballs, without having to offer the deals they do on Groupon.It still has its uses, but its potential has been overtaken by technology and it's finding it hard to pivot.GRPN stock is off 70% in the past year and the big firms are downgrading the stock. Don't try to catch this falling knife.Instead, you'll want to invest in companies that are at the cutting edge of technology that will change our world. The AI Master KeyIf artificial intelligence (AI) sounds futuristic, even far-fetched -- well, keep in mind, you're already using it every day! If you've ever used Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google Assistant or Apple's (NASDAQ:AAPL) Siri … if you've had Netflix (NASDAQ:NFLX) recommend a movie or Zillow (NASDAQ:Z) recommend a house … even an email spam filter … then you've used artificial intelligence.In this new world of AI everywhere, data becomes a hot commodity.As scientists find even more applications for artificial intelligence -- from hospitals to retail to self-driving cars -- it's incredible to imagine how much data will be involved.To create AI programs in the first place, tech companies must collect vast amounts of data on human decisions. Data is what powers every AI system. As notes University of South Florida professor Sagar Samtani puts it, "data is the new oil."To cash in, you'll want the company that makes the "brain" that all AI software needs to function, spot patterns and interpret data.It's known as the "Volta Chip" -- and it's what makes the AI revolution possible.You don't need to be an AI expert to take part. I'll tell you everything you need to know, as well as my buy recommendation, in my special report for Growth Investor, The A.I. Master Key. The stock is still under my buy limit price -- so you'll want to sign up now. That way, you can get in while you can still do so cheaply.Click here for a free briefing on this groundbreaking innovation.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * 5 Retail Stocks Placer.ai Thinks Can Win Big in 2020 * 6 Cheap Stocks to Buy Under $7 The post 7 Small-Cap Stocks That Are Not Worth a Second Glance appeared first on InvestorPlace.
STAMFORD, Conn., March 04, 2020 -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) ("Eagle Bulk" or the “Company”), one of the world’s largest owner-operators within the.
If you're interested in Eagle Bulk Shipping Inc. (NASDAQ:EGLE), then you might want to consider its beta (a measure of...
STAMFORD, Conn., Feb. 10, 2020 -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) will report its financial results for the fourth quarter and full year ended December 31, 2019, after.
Stamford, Connecticut.-based Eagle Shipping International (USA) has agreed to pay a $1,125,000 civil penalty to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) to settle 36 violations of the Burma Sanctions Regulations. The alleged violations by the subsidiary of Eagle Bulk Shipping (NASDAQ: EGLE), occurred when its Singapore affiliate, Eagle Bulk Pte Ltd., entered a charter agreement in June 2011 to transport sea sand by bulk vessel on behalf of Myawaddy Trading Ltd. from Kawthaung, Burma, for a land reclamation project in Singapore without obtaining the required OFAC license. Under the Burma Sanctions Regulations, Myawaddy had been placed on OFAC's Specially Designated Nationals and Blocked Persons (SDN) List for its affiliation with Burma's military government.
Members of Eagle Bulk’s senior management team will discuss market developments that have emerged following the implementation of new Sulphur emissions regulations that came into effect on January 1, 2020 (“IMO 2020”). Headquartered in Stamford, Connecticut, with offices in Singapore and Copenhagen, Eagle focuses exclusively on the versatile mid-size drybulk vessel segment and owns one of the largest fleets of Supramax / Ultramax vessels in the world.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
The Coalition, which is a partnership between the Global Maritime Forum, the Friends of Ocean Action, and the World Economic Forum, was launched in September 2019 at the United Nations Climate Action Summit in New York City. Eagle Bulk Shipping Inc. (“Eagle” or the “Company”) is a US-based fully integrated shipowner-operator providing global transportation solutions to a diverse group of customers including miners, producers, traders, and end users.
Convertible bonds, which have been ignored by investors and Wall Street for years, may be worth a fresh look, asserts George Putnam, editor of The Turnaround Letter.
The ship, which has been renamed the M/V Hong Kong Eagle, is a 2016-built, high specification SDARI-64 Ultramax vessel built at Jiangsu Yangzijiang Shipbuilding Co., Ltd. Eagle Bulk Shipping Inc. (“Eagle” or the “Company”) is a US-based fully integrated shipowner-operator providing global transportation solutions to a diverse group of customers including miners, producers, traders, and end users.
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Long term investing is the way to go, but that doesn't mean you should hold every stock forever. It hits us in the gut...
The ship, which has been renamed the M/V Shanghai Eagle, is a 2016-built, high specification SDARI-64 Ultramax vessel built at Jiangsu Yangzijiang Shipbuilding Co., Ltd. The acquisition was made by the Company’s wholly-owned subsidiary, Eagle Bulk Shipco LLC (the “Subsidiary”), and was fully funded by restricted cash generated from previous vessel sale proceeds; the M/V Shanghai Eagle will form part of the security for the Subsidiary’s outstanding bond due in 2022. Proforma for the remaining acquisition vessel, which has yet to be delivered, the Company’s fleet will total 50 ships, including 20 Ultramax drybulk vessels acquired over the last 36 months.
In the recent flood of earnings reports by U.S.-listed ocean shipping companies, common themes have risen to the surface: Third-quarter results are still in the red and weaker than expected, earnings are being impaired by out-of-service time due to exhaust-gas scrubber installations, rates are up sharply in the fourth quarter – and most importantly, as sentiment brightens, dividends are now back in vogue. "We think the reemergence of dividends will become a major theme in shipping equity markets over the next 12 months as companies institute and grow payouts in response to firming day rates and cleaned-up balance sheets across the group," asserted Amit Mehrotra, transportation analyst of Deutsche Bank, in a new client note. Dry bulk owner Genco Shipping & Trading (NYSE: GNK) has just announced instituted a regular dividend of $0.175 per quarter – its first regular dividend since 2008 – plus a special dividend of $0.325 per share.
NEW YORK, NY / ACCESSWIRE / November 7, 2019 / Eagle Bulk Shipping, Inc. (NASDAQ: EGLE ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on November 7, 2019 at ...