At the last check on Friday, Star Bulk Carriers Corp.’s (NASDAQ:SBLK) stock was up $0.83, moving up 4.74 percent to $18.43. The average number of shares traded per day over the past five days has been 769,268 shares. 2 times new highs have been achieved over the past 5 days, with a $0.34 gain in that time frame. In the last twenty days, the average volume was 1,074,152, while in the previous 50 days, it was 1,013,217.
Since last month, SBLK stock rose 6.44%. Shares of the company fell to $16.57 on 07/21/23, the lowest level in the past month. A 52-week high of $27.82 was reached on 03/01/23 after having rallying from a 52-week low of $16.57. Since the beginning of this year, SBLK’s stock price has dropped by -4.13% or -$0.72, and marked a new high 15 times. However, the stock has declined by -33.73% since its 52-week high.
Valuation Metrics
Right now, Star Bulk Carriers Corp. (SBLK) has a P/E ratio of about 2.15. The stock’s beta is 1.05. Besides these, the trailing price-to-sales (P/S) ratio of 1.40, the price-to-book (PB) ratio of 0.95, and the price-to-cash flow ratio of 24.68 may also be considered.
The latest dividend of $0.35 per share was paid out, which is -41.67% less than last year’s $0.60. On Tuesday May 16 2023, a $0.25 dividend decrease was announced.
Financial Health
In the three months ended March 30, Star Bulk Carriers Corp.’s quick ratio stood at 1.40, while its current ratio was 1.60, 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 March 30 was 0.52, and the total debt-to-equity ratio was 0.63. On the profitability front, the trailing twelve-month gross margin is 55.80% percent. In the year ended March 30, EBITDA margin amounted to 52.84%, whereas operating margins totaled 37.60%. Based on annual data, SBLK earned $853.27 million in gross profit and brought in $1.44 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 18.50%. Return on equity (ROE) for the past 12 months was 21.60%.
In Star Bulk Carriers Corp.’s quarter-end financial report for March 30, it reported total debt of $928.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SBLK’s revenue rose 0.68% during the quarter, while net income inched up to $1.44 billion. While analysts expected Star Bulk Carriers Corp. to report $0.28 quarterly earnings, the actual figure was $0.36 per share, beating the consensus estimate by 28.60%. During the quarter, the company generated $97.22 million in EBITDA. The liabilities of Star Bulk Carriers Corp. were 1.38 billion at the end of its most recent quarter ended March 30, and its total debt was $1.28 billion.
Technical Picture
This quick technical analysis looks at Star Bulk Carriers Corp.’s (SBLK) price momentum. With a historical volatility rate of 39.54%, the RSI 9-day stood at 64.62% on 03 August.
With respect to its five-day moving average, the current Star Bulk Carriers Corp. price is up by +1.90% percent or $0.34. At present, SBLK shares trade +7.58% above its 20-day simple moving average and -13.40% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.67% above its SMA50 and -6.06% below its SMA200.
Stochastic coefficient K was 62.32% and Stochastic coefficient D was 61.11%, while ATR was 0.57. Given the Stochastic reading of 89.22% for the 14-day period, the RSI (14) reading has been calculated as 59.74%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.26.
Analyst Ratings
Jefferies launched its rating on Star Bulk Carriers Corp. (NASDAQ: SBLK) to a Buy in a note to investors on July 21, 2022. Star Bulk Carriers Corp. (SBLK) has been rated Buy by analysts. According to 0 brokerage firms, SBLK is a sell, and 0 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 $29.50, the current consensus forecast for the stock is $21.60 – $34.00. Based on these forecasts, analysts predict Star Bulk Carriers Corp. (SBLK) will achieve an average price target of $28.08.
