Star Bulk Carriers Corp (NASDAQ: SBLK) is 10.72% higher on its value in year-to-date trading and has touched a low of $17.91 and a high of $27.47 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 $23.68 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $23.54, the stock is 10.96% and 8.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -0.59% at the moment leaves the stock 2.06% off its SMA200. SBLK registered 22.80% gain for a year compared to 6-month loss of -1.38%. The firm has a 50-day simple moving average (SMA 50) of $21.6312 and a 200-day simple moving average (SMA200) of $23.083.
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The stock witnessed a 14.16% gain in the last 1 month and extending the period to 3 months gives it a -3.45%, and is 9.03% 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 2.14% over the week and 2.37% over the month.
Star Bulk Carriers Corp (SBLK) has around 216 employees, a market worth around $2.80B and $1.10B in sales. Current P/E ratio is 8.66 and Fwd P/E is 5.52. Profit margin for the company is 24.05%. Distance from 52-week low is 31.43% and -14.31% from its 52-week high. The company has generated returns on investments over the last 12 months (7.03%).
with sales reaching $305.05M over the same period.The EPS is expected to grow by 105.69% this year, but quarterly earnings will post 29.00% year-over-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 1.94%.
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.
Star Bulk Carriers Corp (SBLK) Insider Activity
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