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Safe Bulkers, Inc (SB) Volatility At 2.27%, Should You Add A Position?

Safe Bulkers, Inc (NYSE: SB) is 27.23% higher on its value in year-to-date trading and has touched a low of $2.97 and a high of $5.15 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 $4.91 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $5.00, the stock is 0.94% and 10.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing 1.83% at the moment leaves the stock 35.25% off its SMA200. SB registered 35.50% gain for a year compared to 6-month gain of 51.52%. The firm has a 50-day simple moving average (SMA 50) of $3.40 and a 200-day simple moving average (SMA200) of $6.19.

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The stock witnessed a 9.65% loss in the last 1 month and extending the period to 3 months gives it a 26.58%, and is 0.40% 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 2.27% over the week and 2.55% over the month.

Safe Bulkers, Inc (SB) has around 1102 employees, a market worth around $558.10M and $284.40M in sales. Current P/E ratio is 8.18 and Fwd P/E is 6.63. Profit margin for the company is 24.38%. Distance from 52-week low is 68.35% and -2.91% from its 52-week high. The company has generated returns on investments over the last 12 months (5.44%).

Safe Bulkers, Inc quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $76.3M over the same period.The EPS is expected to grow by 39.11% this year, but quarterly earnings will post 0.50% year-over-year. Quarterly sales are estimated to grow 22.80% in year-over-year returns.

144 institutions hold shares in Safe Bulkers, Inc (SB), with institutional investors hold 38.98% of the company’s shares. The shares outstanding are 111.61M, and float is at 63.22M with Short Float at 3.81%. Institutions hold 22.08% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 3.71 million shares valued at $12.08 million. The investor’s holdings represent 3.32% of the SB Shares outstanding. As of Jun 29, 2023, the second largest holder is Renaissance Technologies, LLC with 3.45 million shares valued at $11.24 million to account for 3.09% of the shares outstanding. The other top investors are State Street Corporation which holds 1.33 million shares representing 1.19% and valued at over $4.32 million, while Acadian Asset Management. LLC holds 0.98% of the shares totaling 1.09 million with a market value of $3.56 million.

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