Why You Need Safe Bulkers Inc. (SB) On Your Watchlist

Safe Bulkers Inc. (NYSE:SB) saw an upside of 2.04% to close Monday at $5.01 after adding $0.1 on the day. The 5-day average trading volume is 1,571,540 shares of the company’s common stock. It has gained $5.23 in the past week. An average of 2,420,795 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,760,414.

SB’s 1-month performance is 21.31% or $0.88 on its low of $4.25 reached on 09/20/21. The company’s shares have touched a 52-week low of $0.82 and high of $5.44, with the stock’s rally to the 52-week high happening on 10/01/21. YTD, SB has achieved 285.38% or $3.71. However, the current price is down -7.90%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 87.12 and a low of 6.317. SB stock has a beta of 0.67. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.47 while the price-to-book (PB) in the most recent quarter is 0.99, with the price to cash flow ratio at 14.23.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.81, while the total debt to equity was 0.86. In terms of profitability, the gross margin trailing 12 months is 64.50%. The trailing 12-month EBITDA margin is 32.80% while for the period ending June 29; Safe Bulkers Inc.’s operating margin was 35.30%. The firm’s gross profit as reported stood at $86.49 million against revenue of $198.16 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Safe Bulkers Inc.’s cash and short-term investments amounted to $11.78 million against total debt of $474.59 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 22.32% to $404.19 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SB to announce $0.22 per share in earnings in its latest quarter, but it posted $0.31, representing a 40.90% surprise. EBITDA for the quarter stood at more than $39.15 million. SB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 523.17 million, with total debt at $474.59 million

Technical Picture

Let’s look briefly at Safe Bulkers Inc. (SB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 54.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 79.23%.

The stock’s 5-day moving average is $5.04, reflecting a +3.51% or $0.17 change from its current price. SB is currently trading +3.94% above its 20-day SMA, +27.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +50.00% and +317.50% respectively.

Stochastic %K and %D was 58.79% and 64.14% and the average true range (ATR) pointed at 0.35. The RSI (14) points at 56.31%, while the 14-day stochastic is at 56.12% with the period’s ATR at 0.34. The stock’s 9-day MACD Oscillator is pointing at -0.05 and 0.00 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Safe Bulkers Inc. (NYSE: SB), H.C. Wainwright launched coverage with a Buy rating. Analysts offering their rating for SB stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate SB as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is SB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $3.00 and a high of $8.00, with their median price target at $5.40. Looking at these predictions, the average price target given by analysts is for Safe Bulkers Inc. (SB) stock is $5.58.


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