Star Bulk Carriers Corp (NASDAQ: SBLK) is -5.08% 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 $19.57 in the last trading session, with the day’s gains setting it 0.61%.
Currently trading at $20.18, the stock is 2.43% and -3.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing 3.12% at the moment leaves the stock -12.34% off its SMA200. SBLK registered 10.39% gain for a year compared to 6-month loss of -22.74%. The firm has a 50-day simple moving average (SMA 50) of $20.9118 and a 200-day simple moving average (SMA200) of $23.0291.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -5.66% gain in the last 1 month and extending the period to 3 months gives it a -3.77%, and is 5.60% 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 1.79% over the week and 1.88% over the month.
Star Bulk Carriers Corp (SBLK) has around 216 employees, a market worth around $2.40B and $1.10B in sales. Current P/E ratio is 7.42 and Fwd P/E is 5.31. Profit margin for the company is 24.05%. Distance from 52-week low is 12.67% and -26.54% from its 52-week high. The company has generated returns on investments over the last 12 months (7.03%).
Star Bulk Carriers Corp quarterly earnings per share for the current quarter are estimated at 0.98 with sales reaching $304.45M over the same period.The EPS is expected to grow by 79.00% this year, but quarterly earnings will post 27.30% year-over-year.
The shares outstanding are 118.83M, and float is at 112.66M with Short Float at 1.30%.
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.
