Star Bulk Carriers Corp. (NASDAQ:SBLK) traded on Tuesday with an addition of $1.92 to $25.32, an upside of 8.21 percent. An average of 1,995,973 shares of common stock have been traded in the last five days. There was a gain of $1.55 in the past week. The last 20 days have seen an average of 2,264,968 shares traded, while the 50-day average volume stands at 2,054,665.
SBLK stock has decreased by -2.34% in the last month. The company shares reached their 1-month lowest point of $20.00 on 09/20/21. With the stock rallying to its 52-week high on 09/16/21, shares of the company touched a low of $6.12 and a high of $26.00 in 52 weeks. In spite of this, the price is down -2.62% from the 52-week high.
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Star Bulk Carriers Corp. (SBLK) has a trailing price-to-earnings (P/E) ratio of 11.12, which compares with the 17.23 for the broader industry and 28.49 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Star Bulk Carriers Corp.’s PE ratio has ranged between 168.70 and 8.16. The stock’s beta is 1.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.53, the price-to-book (PB) ratio at 1.36, and the price-to-cash flow ratio at 13.64.
Star Bulk Carriers Corp. will next go ex-dividend on Corp. The next dividend payment Star Bulk Carriers Corp. will make is expected to be $24-Nov.
The quick ratio of Star Bulk Carriers Corp. for the three months ended June 29 was 0.90, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.78 and a total debt to equity ratio of 0.93 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 56.20% against a 5-year average of 11.5%. Star Bulk Carriers Corp.’s EBITDA margin for the year ending June 29 is 29.94%, while its operating margin for the same period stands at 30.10%. Its gross profit as reported stood at $259.07 million compared to revenue of $693.24 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Star Bulk Carriers Corp.’s return on assets was 6.30%, compared to -1.2% over the last five years. In the past year, the return on investment has been 2.50%, and the 5-year average is 0.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been 13.00% and the 5-year average holds at -2.2%. For the broader industry, ROE averaged 5.78 over the past year.
From a technical analysis perspective, let’s take a brief look at Star Bulk Carriers Corp. (SBLK) price momentum. RSI 9-day as of the close on 04 October was 61.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 67.24%.
As of today, SBLK’s price is $24.21 +6.56% or $1.55 from its 5-day moving average. SBLK is currently trading +5.32% higher than its 20-day SMA and +17.68% higher than its 100-day SMA. However, the stock’s current price level is +33.77% above the SMA50 and +214.12% above the SMA200.
The stochastic %K and %D were 77.36% and 72.27%, respectively, and the average true range (ATR) was 1.52. With the 14-day stochastic at 87.58% and the average true range at 1.43, the RSI (14) stands at 59.61%. The stock has reached 1.03 on the 9-day MACD Oscillator while the 14-day reading was at 1.68.
H.C. Wainwright launched coverage on Star Bulk Carriers Corp. (NASDAQ: SBLK) in its analyst report released on September 13, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Star Bulk Carriers Corp. (SBLK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SBLK, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is SBLK’s price target for the next 12 months?
Analysts predict a range of price targets between $22.00 and $40.00, with a median target of $31.65. Taking a look at these predictions, the average price target given by analysts for Star Bulk Carriers Corp. (SBLK) stock is $32.03.