EuroDry Ltd

EuroDry Ltd (EDRY) Stock Analysis

$50.375

+1.058 (+2.10%)At close

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High
51.550
Open
49.020
VWAP
50.31
Vol
70.38K
Mkt Cap
67.29M
Low
49.000
Amount
3.54M
EV/EBITDA, TTM
4.07

EuroDry Ltd is a Greece-based company which operates in the dry cargo, dry bulk shipping markets. The Company's operations are managed by Eurobulk Ltd an affiliated ship management company and Eurobulk (Far East) Ltd. Inc, which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry Ltd employs its vessels on spot and period charters and through pool arrangements. The Company has a fleet of more than five vessels, including Kamsarmax drybulk carriers, Panamax drybulk carriers and an Ultramax drybulk carrier with a total cargo capacity of approximately 400,000 deadweight tonnage (dwt). The Company's subsidiaries are: Kamsarmax One Shipping Ltd, Kamsarmax Two Shipping Ltd and Eirini Shipping Ltd, among others.

AI analysis of EuroDry Ltd (EDRY)

buy

EuroDry Ltd (EDRY) appears to be a good buy right now, as it has shown a remarkable turnaround with a net income of $6.59 million in Q2 2026 compared to a net loss of $3.1 million in Q2 2025. Additionally, the stock is currently trading at $50.38, significantly below the estimated net asset value of $60.81 per share, indicating strong upside potential. The RSI is at 69.646, suggesting strong momentum, although it is approaching overbought territory, which is a risk to consider.

Analyst Ratings (1)

-55.33% downside
Buy
1 Buy
0 Hold
0 Sell
Current: 50.38
Low
20.00
Average
22.50
High
25.00

Alliance Global

2026-08-07

Price Target

$40

Buy

Noble Capital

2026-02-12

Price Target

$23.50

Outperform

Alliance Global

2025-11-13

Price Target

$25

Buy

Alliance Global Partners

2023-11-28

Price Target

$30

Strong Buy

Maxim Group

2023-02-14

Price Target

$30

Strong Buy

Valuation Metrics

The current forward P/E ratio for EuroDry Ltd (EDRY) is 7.69, compared to its 5-year average forward P/E of 6.86.

Forward P/E

Fair
5Y Average P/E
6.86
Current P/E
7.69
Overvalued
23.60
Undervalued
-9.87

Forward EV/EBITDA

Fair
5Y Average EV/EBITDA
5.38
Current EV/EBITDA
4.07
Overvalued
8.07
Undervalued
2.68

Forward P/S

Strongly Overvalued
5Y Average P/S
0.72
Current P/S
1.77
Overvalued
0.92
Undervalued
0.52

Events Timeline

2026-08-27 (ET)

17:30:00

EuroDry Files $200M Mixed Securities Shelf

2026-08-06 (ET)

09:30:00

EuroDry Reports Q2 Revenue of $17.7M, Below Consensus

2026-05-27 (ET)

10:01:00

EuroDry Ltd Trading Halted Due to Volatility

2026-05-20 (ET)

08:20:00

EuroDry Reports Q1 Revenue of $12.8M

2026-02-19 (ET)

16:30:00

EuroDry Q4 Revenue $17.39M, Below Consensus

News

EDRY FAQ — answered by Alphio AI

EuroDry Ltd is a Greece-based company which operates in the dry cargo, dry bulk shipping markets. The Company's operations are managed by Eurobulk Ltd an affiliated ship management company and Eurobulk (Far East) Ltd. Inc, which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry Ltd employs its vessels on spot and period charters and through pool arrangements. The Company has a fleet of more than five vessels, including Kamsarmax drybulk carriers, Panamax drybulk carriers and an Ultramax drybulk carrier with a total cargo capacity of approximately 400,000 deadweight tonnage (dwt). The Company's subsidiaries are: Kamsarmax One Shipping Ltd, Kamsarmax Two Shipping Ltd and Eirini Shipping Ltd, among others. It operates in the Industrials sector.

EuroDry Ltd (EDRY) appears to be a good buy right now, as it has shown a remarkable turnaround with a net income of $6.59 million in Q2 2026 compared to a net loss of $3.1 million in Q2 2025. Additionally, the stock is currently trading at $50.38, significantly below the estimated net asset value of $60.81 per share, indicating strong upside potential. The RSI is at 69.646, suggesting strong momentum, although it is approaching overbought territory, which is a risk to consider.

1 analysts cover EDRY: 1 rate it Buy, 0 Hold and 0 Sell. The average price target is 22.50.

This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.

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