Eneti Inc. Announces Closing of a 436.0 Million Credit Facility and Sale of Two NG2500X Vessels
NETIDelisted Stock | USD 12.63 0.07 0.56% |
Under 53% of Eneti's investor base is interested to short. The analysis of current outlook of investing in Eneti Inc suggests that many traders are impartial regarding Eneti's prospects. Eneti's investing sentiment shows overall attitude of investors towards Eneti Inc.
Eneti |
MONACO, Nov. 30, 2023 -- Eneti Inc. announced today that the Company executed a previously announced senior secured green term loan facility of up to 436.0
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Eneti Fundamental Analysis
We analyze Eneti's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eneti using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eneti based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Ratio
Current Ratio Comparative Analysis
Eneti is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Eneti Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eneti stock to make a market-neutral strategy. Peer analysis of Eneti could also be used in its relative valuation, which is a method of valuing Eneti by comparing valuation metrics with similar companies.
Peers
Eneti Related Equities
CLCO | Cool | 4.65 | ||||
NMM | Navios Maritime | 1.11 | ||||
DAC | Danaos | 0.47 | ||||
MATX | Matson | 0.07 | ||||
GSL | Global Ship | 0.33 | ||||
SHIP | Seanergy Maritime | 0.62 | ||||
CMRE | Costamare | 0.83 | ||||
ESEA | Euroseas | 1.47 | ||||
HSHP | Himalaya Shipping | 2.51 |
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Other Consideration for investing in Eneti Stock
If you are still planning to invest in Eneti Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Eneti's history and understand the potential risks before investing.
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