Heidmar Maritime (NASDAQ:HMR) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Heidmar Maritime Holdings Corp. (NASDAQ:HMR) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

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

Heidmar Maritime Stock Performance

The stock has a market cap of $70.79 million, a price-to-earnings ratio of 60.03 and a beta of -0.31. The company’s 50 day simple moving average is $1.62 and its 200 day simple moving average is $1.21.

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