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Delving into NYSE:CMRE's Growth Prospects.

By Mill Chart

Last update: May 20, 2024

In this article we will dive into COSTAMARE INC (NYSE:CMRE) as a possible candidate for growth investing. Investors should always do their own research, but we noticed COSTAMARE INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Why NYSE:CMRE may be interesting for canslim investors.

  • The EPS of COSTAMARE INC has exhibited growth from one quarter to another (Q2Q), with a 65.79% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
  • The recent q2q revenue growth of 89.1% of COSTAMARE INC showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
  • Over the past 3 years, COSTAMARE INC has demonstrated 26.81% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
  • COSTAMARE INC has achieved an impressive Return on Equity (ROE) of 14.88%, showcasing its ability to generate favorable returns for shareholders.
  • COSTAMARE INC has achieved an impressive Relative Strength (RS) rating of 94.18, showcasing its ability to outperform the broader market. This strong performance positions COSTAMARE INC as an attractive stock for potential price appreciation.
  • COSTAMARE INC maintains a healthy Debt-to-Equity ratio of 0.85. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
  • The ownership composition of COSTAMARE INC reflects a balanced investor ecosystem, with institutional shareholders owning 23.33%. This indicates a broader market participation and potential for increased trading liquidity.

In-Depth Technical Analysis of NYSE:CMRE

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Overall CMRE gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CMRE is showing a nice and steady performance.

  • The long and short term trends are both positive. This is looking good!
  • When comparing the yearly performance of all stocks, we notice that CMRE is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by CMRE over the past year are nicely spread over this period.
  • CMRE is one of the better performing stocks in the Marine Transportation industry, it outperforms 78% of 29 stocks in the same industry.
  • CMRE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
  • In the last month CMRE has a been trading in the 10.94 - 14.76 range, which is quite wide. It is currently trading near the high of this range.
  • Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
  • Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Check the latest full technical report of CMRE for a complete technical analysis.

Fundamental analysis of NYSE:CMRE

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

We assign a fundamental rating of 5 out of 10 to CMRE. CMRE was compared to 29 industry peers in the Marine Transportation industry. While CMRE is still in line with the averages on profitability rating, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on CMRE.

For an up to date full fundamental analysis you can check the fundamental report of CMRE

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.