Star Bulk Carriers Corp. (NASDAQ:SBLK) saw a downside of -2.08% to $22.08 after subtracting -$0.47 on Wednesday. The 5-day average trading volume is 1,648,727 shares of the company’s common stock. It has gained $25.30 in the past week. An average of 2,305,807 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,151,813.
SBLK’s 1-month performance is -6.66% or -$2.04 on its low of $20.00 reached on 09/20/21. The company’s shares have touched a 52-week low of $6.12 and high of $26.00, with the stock’s rally to the 52-week high happening on 09/16/21. YTD, SBLK has achieved 155.38% or $13.29. However, the current price is down -15.08%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 168.70 and a low of 8.16. SBLK stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.65 while the price-to-book (PB) in the most recent quarter is 1.31, with the price to cash flow ratio at 14.27.
Star Bulk Carriers Corp. pays an annual dividend of $2.80 per share. Its dividend yield is 12.69% and the payout ratio is 33.20%. SBLK’s most recent quarterly dividend payment was made on Sep. 8, when it paid $0.70 a share compared with prior rate of $0.30, up 57.14% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.40 reported on Thursday August 5 2021.
It is projected that Star Bulk Carriers Corp.’s next ex-dividend date will be on Corp. SBLK is expected to distribute $24-Nov as its next dividend.
Star Bulk Carriers Corp.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.10 meaning that SBLK stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.78, while the total debt to equity was 0.93. In terms of profitability, the gross margin trailing 12 months is 56.20%. The trailing 12-month EBITDA margin is 29.94% while for the period ending June 29; Star Bulk Carriers Corp.’s operating margin was 30.10%. The firm’s gross profit as reported stood at $259.07 million against revenue of $693.24 million.
For the quarterly period ending June 29 this year, Analysts expected SBLK to announce $1.31 per share in earnings in its latest quarter, but it posted $1.26, representing a -3.80% surprise. SBLK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.73 billion, with total debt at $1.64 billion
Let’s look briefly at Star Bulk Carriers Corp. (SBLK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 41.12% to suggest the stock is trending Neutral, with historical volatility in this time period at 63.87%.
The stock’s 5-day moving average is $22.91, reflecting a -10.34% or -$2.55 change from its current price. SBLK is currently trading -10.12% above its 20-day SMA, +2.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +15.21% and +162.09% respectively.
Stochastic %K and %D was 35.97% and 46.72% and the average true range (ATR) pointed at 1.33. The RSI (14) points at 45.44%, while the 14-day stochastic is at 22.51% with the period’s ATR at 1.33. The stock’s 9-day MACD Oscillator is pointing at -0.99 and -0.90 on the 14-day charts.
In the most recent analyst report for Star Bulk Carriers Corp. (NASDAQ: SBLK), H.C. Wainwright launched coverage with a Buy rating. Analysts offering their rating for SBLK stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SBLK as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 9 have offered a “buy” rating.
What is SBLK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $22.00 and a high of $40.00, with their median price target at $31.65. Looking at these predictions, the average price target given by analysts is for Star Bulk Carriers Corp. (SBLK) stock is $32.03.