Eagle Bulk Shipping Inc. EGLE Stock Analysis

Eagle Bulk Shipping Inc. stock trades under the ticker EGLE & has shown recent bullishness that traders & investors should take a closer look into.

EGLE stock closed at $46.85/share on 9/13/2022.

Eagle Bulk Shipping Inc. EGLE Stock’s Technical Performance Broken Down

Eagle Bulk Shipping Inc. EGLE Stock's Technical Performance Over The Last Year

EGLE Stock Price: $46.85

10 Day Moving Average: $43.24

50 Day Moving Average: $47.12

200 Day Moving Average: $50.33

RSI: 52.33

MACD: -1.499

Yesterday, EGLE stock completed a bullish MACD crossover, gapping up 5.16% to settle just below its 50 day moving average.

Recent trading volumes have been about average compared to the year prior, and their RSI is still neutral, signaling that there may be more strength to come as they look to establish a new price range.

They have support at the $46.75 & $46.68 price levels, as they try to break above the $47.29 & $49.95/share resistance levels.

Eagle Bulk Shipping Inc. EGLE Stock As A Long-Term Investment

Long-term focused investors will like EGLE stock’s valuation metrics, with a 2.27 P/E (ttm) & a 0.78 P/B (mrq).

They recently reported 53% Quarterly Revenue Growth Y-o-Y, with 923.9% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will require a deeper dive before investment, with $138.96M of Total Cash (mrq) & $403.64M of Total Debt (mrq).

EGLE stock pays an 18.52% dividend, which appears stable in the long-run, as their payout ratio is 31.48%.

88.42% of EGLE stock’s outstanding share float is owned by institutional investors.

Eagle Bulk Shipping Inc. EGLE Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to profit from EGLE stock’s price movements, while protecting their portfolio from market volatility.

I am looking at the contracts with the 10/21 expiration date.

The $45 & $40 calls are in-the-money, with the former being more liquid than the latter.

The $50, $55 & $60 puts are also in-the-money, listed from most to least level of open interest.

Tying It All Together

EGLE stock has many interesting attributes that traders & investors are sure to find appealing.

Investors will like their valuation metrics & dividend yield, but may want to review their balance sheet structure closer before investing.

Traders will like their current technical performance amid a volatile market.

All-in-all, it is worth taking a closer look into EGLE stock to see how it fits into your portfolio strategy.