Eurodry (EDRY) has disclosed a new risk, in the Natural and Human Disruptions category.
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Eurodry faces considerable business risks in the wake of infectious disease outbreaks and the corresponding governmental responses. The unpredictable nature of pandemics, such as the COVID-19 crisis, has historically disrupted global supply chains, labor markets, and dampened demand for shipping services, with potential for similar future events to materially harm Eurodry’s operations. Governmental measures like travel bans and quarantines can further exacerbate these challenges, impacting the company’s revenue streams and vessel market values. Eurodry’s operational and financial outcomes remain vulnerable to the uncertain trajectory and severity of such health crises.
The average EDRY stock price target is $30.00, implying 44.72% upside potential.
To learn more about Eurodry’s risk factors, click here.
