Why should you keep an eye on Star Bulk Carriers Corp (SBLK)?

Star Bulk Carriers Corp (NASDAQ: SBLK) is -4.05% lower 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 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 $20.17 in the last trading session, with the day’s gains setting it 0.23%.

Currently trading at $20.40, the stock is -7.22% and -4.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 1.14% at the moment leaves the stock -11.84% off its SMA200. SBLK registered 4.00% gain for a year compared to 6-month loss of -11.42%. The firm has a 50-day simple moving average (SMA 50) of $21.4188 and a 200-day simple moving average (SMA200) of $23.141.

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The stock witnessed a -6.59% gain in the last 1 month and extending the period to 3 months gives it a -16.50%, and is -3.09% 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 2.14% over the week and 2.25% over the month.

Star Bulk Carriers Corp (SBLK) has around 216 employees, a market worth around $2.42B and $1.10B in sales. Current P/E ratio is 7.50 and Fwd P/E is 4.80. Profit margin for the company is 24.05%. Distance from 52-week low is 13.90% and -25.74% 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 105.39% this year, but quarterly earnings will post 28.70% 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 1.52%.

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.