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What should you know before buying stock in Star Bulk Carriers Corp. (SBLK)

Star Bulk Carriers Corp. (NASDAQ: SBLK) is 13.68% higher on its value in year-to-date trading and has touched a low of $16.85 and a high of $33.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SBLK stock was last observed hovering at around $22.45 in the last trading session, with the day’s loss setting it -0.59% off its average median price target of $26.50 for the next 12 months. It is also 33.76% off the consensus price target high of $33.00 offered by 8 analysts, but current levels are 0.64% higher than the price target low of $22.00 for the same period.

Currently trading at $21.86, the stock is 7.85% and 9.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing -2.63% at the moment leaves the stock -6.80% off its SMA200. SBLK registered 2.63% gain for a year compared to 6-month loss of -14.07%.

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The stock witnessed a 12.91% gain in the last 1 month and extending the period to 3 months gives it a 16.21%, and is 5.10% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.67% over the week and 3.50% over the month.

Star Bulk Carriers Corp. (SBLK) has around 181 employees, a market worth around $2.18B and $1.69B in sales. Current P/E ratio is 2.51 and Fwd P/E is 5.61. Profit margin for the company is 52.60%. Distance from 52-week low is 29.73% and -35.69% from its 52-week high. The company has generated returns on investments over the last 12 months (20.30%).

Star Bulk Carriers Corp. (SBLK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Star Bulk Carriers Corp. (SBLK) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 1.70, where 2 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Star Bulk Carriers Corp. is expected to release its quarterly report on 05/24/2023.The EPS is expected to shrink by -12.80% this year.

Star Bulk Carriers Corp. (SBLK) Top Institutional Holders

The shares outstanding are 102.22M, and float is at 93.36M with Short Float at 6.08%.

Star Bulk Carriers Corp. (SBLK) Insider Activity

A total of 0 insider transactions have happened at Star Bulk Carriers Corp. (SBLK) in the last six months, with sales accounting for 0 and purchases happening 0 times.

Star Bulk Carriers Corp. (SBLK): Who are the competitors?

The company’s main competitors (and peers) include Diana Shipping Inc. (DSX) that is -4.70% lower over the past 12 months.

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