This Analyst Recently Issued Research Note On Star Bulk Carriers Corp. (SBLK)

At the last check on Friday, Star Bulk Carriers Corp.’s (NASDAQ:SBLK) stock was up $1.4, moving up 4.92 percent to $29.74. The average number of shares traded per day over the past five days has been 1,859,009 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.97 fall in that time frame. In the last twenty days, the average volume was 2,062,277, while in the previous 50 days, it was 2,363,225.

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Since last month, SBLK stock rose 6.78%. Shares of the company fell to $25.56 on 04/25/22, the lowest level in the past month. A 52-week high of $32.41 was reached on 04/20/22 after having rallying from a 52-week low of $16.56. Since the beginning of this year, SBLK’s stock price has risen by 25.01% or $6.75, and marked a new high 15 times. However, the stock has declined by -8.25% since its 52-week high.

Valuation Metrics

Right now, Star Bulk Carriers Corp. (SBLK) has a P/E ratio of about 4.25. The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 2.05, the price-to-book (PB) ratio of 1.39, and the price-to-cash flow ratio of 7.19 may also be considered.

The latest dividend of $2.00 per share was paid out, which is 60.0% more than last year’s $1.25. On Wednesday February 16 2022, a $0.75 dividend increase was announced.

Financial Health

In the three months ended December 30, Star Bulk Carriers Corp.’s quick ratio stood at 2.10, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.64, and the total debt-to-equity ratio was 0.74. On the profitability front, the trailing twelve-month gross margin is 67.40% percent. In the year ended December 30, operating margins totaled 51.60%. Based on annual data, SBLK earned $947.1 million in gross profit and brought in $1.43 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.30%. Return on equity (ROE) for the past 12 months was 36.80%.

In Star Bulk Carriers Corp.’s quarter-end financial report for December 30, it reported total debt of $932.55 million. SBLK’s revenue rose 51.43% during the quarter, while net income inched up to $1.43 billion. While analysts expected Star Bulk Carriers Corp. to report $2.52 quarterly earnings, the actual figure was $2.96 per share, beating the consensus estimate by 17.50%. The liabilities of Star Bulk Carriers Corp. were 1.73 billion at the end of its most recent quarter ended December 30, and its total debt was $1.59 billion.

Technical Picture

This quick technical analysis looks at Star Bulk Carriers Corp.’s (SBLK) price momentum. With a historical volatility rate of 77.00%, the RSI 9-day stood at 51.01% on 12 May.

With respect to its five-day moving average, the current Star Bulk Carriers Corp. price is down by -3.18% percent or -$0.97. At present, SBLK shares trade -3.40% below its 20-day simple moving average and +45.38% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.50% above its SMA50 and +51.99% above its SMA200.

Stochastic coefficient K was 59.51% and Stochastic coefficient D was 58.72%, while ATR was 1.90. Given the Stochastic reading of 57.56% for the 14-day period, the RSI (14) reading has been calculated as 51.09%. As of today, the MACD Oscillator reading stands at -0.43, while the 14-day reading stands at -0.01.

Analyst Ratings

Star Bulk Carriers Corp. (SBLK) has been rated Buy by analysts. According to 0 brokerage firms, SBLK is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Star Bulk Carriers Corp. stock as buy, with 8 recommending it as overweight.

With a median target price of $36.50, the current consensus forecast for the stock is $22.00 – $46.00. Based on these forecasts, analysts predict Star Bulk Carriers Corp. (SBLK) will achieve an average price target of $35.90.


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