Heidmar Maritime (NASDAQ:HMR) Shares Cross Below 200-Day Moving Average – What’s Next?

Heidmar Maritime Holdings Corp. (NASDAQ:HMR)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $1.21 and traded as low as $1.20. Heidmar Maritime shares last traded at $1.20, with a volume of 67,277 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Zacks Research raised shares of Heidmar Maritime from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Heidmar Maritime in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.62.

Heidmar Maritime Stock Performance

The stock has a fifty day simple moving average of $1.62 and a two-hundred day simple moving average of $1.21. The stock has a market cap of $67.84 million, a price-to-earnings ratio of 57.53 and a beta of -0.31.

Heidmar Maritime (NASDAQ:HMR) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). Heidmar Maritime had a return on equity of 21.68% and a net margin of 2.47%. The business had revenue of $29.00 million during the quarter. Equities analysts expect that Heidmar Maritime Holdings Corp. will post 0.20 earnings per share for the current fiscal year.

Heidmar Maritime Company Profile

Heidmar Maritime Holdings Corp. is a maritime transportation and commercial management company focused primarily on the tanker shipping sector. Through its operating businesses and vessel pools, the company coordinates the employment of tankers that transport crude oil, refined petroleum products and other liquid bulk commodities. Heidmar’s services include commercial management, chartering, voyage planning, operations coordination and customer relationship management. Its pool-based model combines vessels from multiple owners and seeks to improve scheduling, cargo matching and utilization across global shipping routes.