Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Costamare Inc before investing.

In this article, we go over a few key elements for understanding Costamare Inc’s stock price such as:

• Costamare Inc’s current stock price and volume
• Why Costamare Inc’s stock price changed recently
• Upgrades and downgrades for CMRE from analysts
• CMRE’s stock price momentum as measured by its relative strength

About Costamare Inc (CMRE)

Before we jump into Costamare Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Costamare Inc is a Monaco-based company that provides containerships and dry bulk vessels for charter. The Company is an international shipping industry that offers a fleet of 73 containerships, with a total capacity of approximately 537,000 TEU (including two vessels that have agreed to sell) and 45 dry bulk vessels with a total capacity of approximately 2,436,000 DWT. Its offers containerships of various sizes (including feeder, panamax and post-panamax containerships) serve short, medium, and long-haul routes on a variety of geographical trades. Its dry bulk vessels transport a broad range of bulks such as iron ore, coal, and grains as well as minor bulks such as bauxite, phosphate fertilizers and steel products. The Company serve its customer's needs worldwide and ensure the safety, reliability, and environmental responsibility of services.

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Costamare Inc’s Stock Price as of Market Close

As of September 24, 2024, 4:00 PM, CST, Costamare Inc’s stock price was $15.37.

Costamare Inc is up 4.56% from its previous closing price of $14.70.

During the last market session, Costamare Inc’s stock traded between $14.40 and $14.82. Currently, there are 119.18 million shares of Costamare Inc stock available for purchase.

Costamare Inc’s price-earnings (P/E) ratio is currently at 5.2, which is low compared to the Freight & Logistics - Marine industry median of 6.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Costamare Inc Stock Price History

Costamare Inc’s (CMRE) price is currently up 8.32% so far this month.

During the month of September, Costamare Inc’s stock price has reached a high of $15.43 and a low of $12.71.

Over the last year, Costamare Inc has hit prices as high as $17.58 and as low as $8.54. Year to date, Costamare Inc’s stock is up 65.63%.

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What Caused Costamare Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 23, 2024, there was 1 analyst who downgraded Costamare Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Costamare Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Costamare Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Costamare Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Costamare Inc (CMRE) by visiting AAII Stock Evaluator.

Relative Price Strength of Costamare Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 23, 2024, Costamare Inc has a weighted four-quarter relative price strength of 1.93%, which translates to a Momentum Score of 69 and is considered to be Strong.

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Costamare Inc Stock Price: Bottom Line

As of September 24, 2024, Costamare Inc’s stock price is $15.37, which is up 4.56% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Costamare Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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