Heidmar Maritime (NASDAQ:HMR) Trading 4.3% Higher – Here’s Why

Heidmar Maritime Holdings Corp. (NASDAQ:HMR)’s stock price shot up 4.3% during trading on Monday . The stock traded as high as $1.2150 and last traded at $1.20. 75,370 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 81,875 shares. The stock had previously closed at $1.15.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HMR. Weiss Ratings downgraded shares of Heidmar Maritime from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Maxim Group set a $2.25 price objective on Heidmar Maritime in a research note on Thursday, May 28th. Finally, Zacks Research upgraded Heidmar Maritime from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Heidmar Maritime presently has a consensus rating of “Hold” and an average price target of $2.62.

Heidmar Maritime Trading Down 1.8%

The stock has a 50-day moving average price of $1.25 and a two-hundred day moving average price of $1.02. The stock has a market cap of $64.89 million, a price-to-earnings ratio of -4.40 and a beta of -0.54.

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.