AAPL 208.72 0.168% MSFT 388.5148 0.3137% NVDA 110.49 3.8147% GOOGL 162.58 2.0718% GOOG 164.7 2.0004% AMZN 187.93 0.7451% META 545.87 2.3858% AVGO 191.75 1.9134% LLY 870.695 1.2754% TSLA 285.6351 10.0671% TSM 164.7921 0.3728% V 334.98 -0.2174% JPM 243.11 -0.6254% UNH 418.56 -1.3412% NVO 61.81 -1.3093% WMT 94.725 -1.1634% LVMUY 114.14 -0.105% XOM 108.25 -0.3498% LVMHF 566.0 0.7347% MA 532.36 -0.5789%
Eagle Bulk Shipping Inc. (NYSE: EGLE)
Company Overview: Eagle Bulk Shipping Inc. (NYSE: EGLE) is a fully integrated shipowner-operator. The Company provides transportation solutions to a diverse group of customers, including miners, producers, traders, and end users. It focused on the versatile midsize dry bulk vessel segment and owns fleets of Supramax/Ultramax vessels in the world.
As per the previous ‘Earnings Hunter’ Report published on EGLE as on 09th June 2023, Kalkine provided an ‘Attractive’ stance on the stock at USD 43.07 based on ‘Earnings Hunter Score’, and the stock price has moved by 12.831% since then and the price has attained Resistance 1 level.
Noted below are the details of support and resistance levels provided in the previous report:
EGLE’s Daily Chart
Considering the current trading levels and uncertain macro environment, the stock seems ‘Unattractive’ at the closing market price of USD 48.37 (as of 23 June 2023).
Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.
Eagle Bulk Shipping Inc is a part of Kalkine’s Earnings Hunter Report
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 23 June 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’
Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
Kalkine Media LLC, an affiliate of Kalkine Equities LLC, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.