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Is COSTAMARE INC (NYSE:CMRE) suited for growth investing?

By Mill Chart

Last update: Jun 10, 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.

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What matters for canslim investors.

  • COSTAMARE INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 65.79% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
  • COSTAMARE INC has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 89.1%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
  • Over the past 3 years, COSTAMARE INC has demonstrated 26.81% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
  • In terms of Return on Equity(ROE), COSTAMARE INC is performing well, achieving a 14.88% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
  • COSTAMARE INC has achieved an impressive Relative Strength (RS) rating of 95.85, showcasing its ability to outperform the broader market. This strong performance positions COSTAMARE INC as an attractive stock for potential price appreciation.
  • Maintaining a Debt-to-Equity ratio of 0.85, COSTAMARE INC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
  • COSTAMARE INC exhibits a favorable ownership structure, with an institutional shareholder ownership of 23.31%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

Technical Analysis Observations

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!
  • Looking at the yearly performance, CMRE did better than 95% of all other 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 75% of 29 stocks in the same industry.
  • CMRE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CMRE is lagging the market slightly.
  • CMRE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
  • Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

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

Fundamental Analysis Observations

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

CMRE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 29 industry peers in the Marine Transportation industry. There are concerns on the financial health of CMRE while its profitability can be described as average. A decent growth rate in combination with a cheap valuation! Better keep an eye on CMRE.

Our latest full fundamental report of CMRE contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.