Star Bulk Carriers Corp. (SBLK): What is Its Dividend Yield?


Star Bulk Carriers Corp. (NASDAQ:SBLK) saw a downside of -0.96% to $21.65 after subtracting -$0.21 on Tuesday. The 5-day average trading volume is 1,540,577 shares of the company’s common stock. It has gained $22.53 in the past week and touched a new high 2 times within the past 5 days. An average of 1,484,174 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,766,434.

SBLK’s 1-month performance is 12.91% or $1.30 on its low of $18.19 reached on 01/04/23. The company’s shares have touched a 52-week low of $16.85 and high of $33.99, with the stock’s rally to the 52-week high happening on 01/20/23. YTD, SBLK has achieved 13.68% or $2.43 and has reached a new high 9 times. However, the current price is down -36.30% from the 52-week high price.

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Valuation Metrics

SBLK stock has a beta of 1.05. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.29 while the price-to-book (PB) in the most recent quarter is 1.06, with the price to cash flow ratio at 5.25.

Star Bulk Carriers Corp.’s quick ratio for the period ended September 29 was 1.80, with the current ratio over the same period at 2.10. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.56, while the total debt to equity was 0.65. In terms of profitability, the gross margin trailing 12 months is 70.00%. The firm’s gross profit as reported stood at $947.1 million against revenue of $1.43 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 98.58% to $680.53 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SBLK to announce $1.37 per share in earnings in its latest quarter, but it posted $1.33, representing a -2.90% surprise. EBITDA for the quarter stood at more than $251.44 million. SBLK stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.53 billion, with total debt at $1.42 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 23 January was 60.00% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.38%.

The stock’s 5-day moving average is $21.91, reflecting a -1.34% or -$0.30 change from its current price. SBLK is currently trading +7.04% above its 20-day SMA, +11.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.03% and SMA200 by-17.72%.

Stochastic %K and %D was 87.52% and 88.99% and the average true range (ATR) pointed at 0.74. The RSI (14) points at 58.96%, while the 14-day stochastic is at 79.84% with the period’s ATR at 0.76. The stock’s 9-day MACD Oscillator is pointing at 0.46 and 1.22 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Star Bulk Carriers Corp. (NASDAQ: SBLK), Jefferies launched coverage with a Buy rating. Analysts offering their rating for SBLK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SBLK as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.


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