Heidmar Maritime (NASDAQ:HMR) Given New $3.00 Price Target at B. Riley Financial

Heidmar Maritime (NASDAQ:HMR) had its price target dropped by analysts at B. Riley Financial from $5.00 to $3.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial’s target price would suggest a potential upside of 265.85% from the company’s current price.

Heidmar Maritime Price Performance

Shares of NASDAQ:HMR traded down $0.04 on Wednesday, hitting $0.82. The company’s stock had a trading volume of 63,491 shares, compared to its average volume of 84,623. The company has a market capitalization of $47.89 million and a PE ratio of 82.00. The company has a 50-day simple moving average of $0.94 and a 200 day simple moving average of $1.08. Heidmar Maritime has a 1 year low of $0.76 and a 1 year high of $3.78.

Heidmar Maritime (NASDAQ:HMR) last issued its quarterly earnings data on Tuesday, March 24th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). The firm had revenue of $25.08 million during the quarter, compared to the consensus estimate of $16.27 million.

Heidmar Maritime Company Profile

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.