The stock of Star Bulk Carriers Corp. (NASDAQ:SBLK) decreased by -$0.14 on Friday to finish at $16.91, down -0.82 percent. The last five days have seen an average of 812,640 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$2.32. The average number of shares traded over the last 20 days was 902,415, while the average volume over the last 50 days totaled 957,504.
SBLK stock dropped -2.82% since last month. On 08/25/23, the company’s shares reached a one-month low of $16.86. The stock touched a high of $25.03 on 03/01/23, after rallying from a low of $16.57 in 52 weeks. The price of SBLK stock has declined by -12.06% or -$2.32 this year, reaching a new high 15 times. Still, the stock price is down -32.44% from the 52-week high.
Valuation Metrics
Star Bulk Carriers Corp. (SBLK) has a trailing price-to-earnings (P/E) ratio of 2.39. Beta for the stock is 1.06. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.57, the price-to-book (PB) ratio of 0.87, and the price-to-cash flow ratio of 3.83.
Company paid $0.40 per share in dividends, an increase of 14.29% from $0.35 last year. A $0.05 dividend increase was reported on Thursday August 3 2023.
Financial Health
For the three months ended June 29, Star Bulk Carriers Corp.’s quick ratio was 1.30, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.47, and the total debt to equity ratio is 0.58. As far as profitability goes, gross margin for the trailing twelve months is 49.40% percent. Star Bulk Carriers Corp.’s EBITDA margin for the year ended June 29 was 52.84%, whereas its operating margin stood at 29.70% for the same period. Based on annual data, it had gross profit of $853.27 million and revenue of $1.44 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SBLK’s return on assets (ROA) during the last 12 months has been 8.40%. There was a 18.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 14.20%.
Earnings Surprise
According to Star Bulk Carriers Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.44 billion, while revenues rose by 0.68% to $0.0. It was predicted that Star Bulk Carriers Corp.’s quarterly earnings would be $0.47, but it ended up being $0.64, beating the consensus by -26.60%. EBITDA was $95.12 million for the quarter. At the end of Star Bulk Carriers Corp.’s most recent quarter ended June 29, its liabilities totaled 1.29 billion, while its total debt was $1.19 billion.
Technical Picture
Here’s a quick look at Star Bulk Carriers Corp.’s (SBLK) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 27.31%, suggesting the stock is oversold, with a 21.86% historical volatility rate.
The stochastic %K and %D were 10.27% and 12.09% respectively, while the average true range (ATR) was 0.44. Based on the 14-day stochastic reading of 2.44%, the RSI (14) reading is 35.74%. On the 9-day MACD Oscillator, the stock is at -0.65, and the 14-day reading is at -0.93.
Analyst Ratings
In its analyst report released on July 21, 2022, Jefferies began covering Star Bulk Carriers Corp. (NASDAQ: SBLK). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Star Bulk Carriers Corp. (SBLK) an Buy rating. SBLK is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is SBLK’s price target for the next 12 months?
The current consensus forecast for the stock is between $18.00 and $34.00, with a median target price of $28.00. In analyzing these forecasts, the average price target given by analysts for Star Bulk Carriers Corp. (SBLK) is $26.18.
