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Safe Bulkers Inc. (SB) – Don’t Believe the Hype: Check The Facts

Safe Bulkers Inc. (NYSE: SB) is 15.46% higher on its value in year-to-date trading and has touched a low of $2.35 and a high of $5.12 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 SB stock was last observed hovering at around $3.58 in the last trading session, with the day’s loss setting it -0.22% off its average median price target of $5.30 for the next 12 months. It is also 52.68% off the consensus price target high of $7.10 offered by 4 analysts, but current levels are -17.89% lower than the price target low of $2.85 for the same period.

Currently trading at $3.36, the stock is -6.59% and -7.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -6.15% at the moment leaves the stock 4.85% off its SMA200. SB registered -28.51% loss for a year compared to 6-month gain of 15.86%. The firm has a 50-day simple moving average (SMA 50) of $2.13 and a 200-day simple moving average (SMA200) of $4.11.

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The stock witnessed a -6.67% loss in the last 1 month and extending the period to 3 months gives it a -7.69%, and is -6.67% down 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 3.53% over the week and 3.08% over the month.

Safe Bulkers Inc. (SB) has around 914 employees, a market worth around $384.18M and $349.70M in sales. Current P/E ratio is 2.48 and Fwd P/E is 2.97. Profit margin for the company is 42.10%. Distance from 52-week low is 42.91% and -34.38% from its 52-week high. The company has generated returns on investments over the last 12 months (15.60%).

Safe Bulkers Inc. (SB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Safe Bulkers Inc. (SB) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Safe Bulkers Inc. is expected to release its quarterly report on 07/26/2023.The EPS is expected to shrink by -5.70% this year

Safe Bulkers Inc. (SB) Top Institutional Holders

The shares outstanding are 113.38M, and float is at 70.49M with Short Float at 4.17%.

Safe Bulkers Inc. (SB): Who are the competitors?

The company’s main competitors (and peers) include Star Bulk Carriers Corp. (SBLK) that is -46.33% lower over the past 12 months. Diana Shipping Inc. (DSX) is -43.65% down on the 1-year trading charts.

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