Heidmar Maritime (NASDAQ:HMR) Shares Down 1.4% – Here’s Why

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) shares traded down 1.4% during mid-day trading on Wednesday. The company traded as low as $1.37 and last traded at $1.42. 54,010 shares changed hands during trading, a decline of 65% from the average daily volume of 153,595 shares. The stock had previously closed at $1.44.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. Zacks Research raised shares of Heidmar Maritime from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 30th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Heidmar Maritime currently has a consensus rating of “Hold” and a consensus price target of $2.62.

Heidmar Maritime Stock Down 3.1%

The stock has a market capitalization of $74.33 million, a price-to-earnings ratio of 36.00 and a beta of -0.31. The stock’s 50-day simple moving average is $1.63 and its 200 day simple moving average is $1.21.

Heidmar Maritime (NASDAQ:HMR) last posted its earnings results on Tuesday, September 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Heidmar Maritime had a net margin of 2.47% and a return on equity of 21.68%. The firm had revenue of $29.00 million during the quarter. As a group, equities research analysts anticipate that Heidmar Maritime Holdings Corp. will post 0.20 earnings per share for the current year.

About Heidmar Maritime

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.