Star Bulk Carriers Corp (SBLK) Is Now En Route to Higher Prices

Star Bulk Carriers Corp (NASDAQ: SBLK) is -0.38% lower on its value in year-to-date trading and has touched a low of $17.56 and a high of $27.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SBLK stock was last observed hovering at around $20.80 in the last trading session, with the day’s gains setting it 0.38%.

Currently trading at $21.18, the stock is 1.34% and -3.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 1.83% at the moment leaves the stock -7.94% off its SMA200. SBLK registered 16.69% gain for a year compared to 6-month loss of -10.41%.

The stock witnessed a -0.35% gain in the last 1 month and extending the period to 3 months gives it a -10.90%, and is 3.37% 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 2.60% over the week and 2.43% over the month.

Star Bulk Carriers Corp (SBLK) has around 216 employees, a market worth around $2.52B and $1.10B in sales. Current P/E ratio is 7.79 and Fwd P/E is 4.97. Profit margin for the company is 24.05%. Distance from 52-week low is 20.60% and -22.90% from its 52-week high. The company has generated returns on investments over the last 12 months (7.03%).

The EPS is expected to grow by 105.69% this year.

Star Bulk Carriers Corp (SBLK) Top Institutional Holders

The shares outstanding are 118.83M, and float is at 112.66M with Short Float at 2.27%.

The top institutional shareholder in the company is OAKTREE CAPITAL MANAGEMENT LP with over 7.97 million shares valued at $194.22 million. The investor’s holdings represent 9.5024% of the SBLK Shares outstanding. As of 2024-06-30, the second largest holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with 4.19 million shares valued at $102.24 million to account for 5.0022 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.11 million shares representing 4.9044% and valued at over $100.24 million, while MORGAN STANLEY holds 3.5897 of the shares totaling 3.01 million with a market value of $73.37 million.