Safe Bulkers, Inc (NYSE: SB) is -2.29% lower on its value in year-to-date trading and has touched a low of $3.45 and a high of $6.33 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 SB stock was last observed hovering at around $3.98 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $3.84, the stock is -9.42% and -15.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing -3.52% at the moment leaves the stock -23.30% off its SMA200. SB registered 6.96% gain for a year compared to 6-month loss of -31.91%. The firm has a 50-day simple moving average (SMA 50) of $4.527 and a 200-day simple moving average (SMA200) of $5.00665.
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The stock witnessed a -9.86% gain in the last 1 month and extending the period to 3 months gives it a -23.81%, and is -9.22% 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 3.87% over the week and 3.06% over the month.
Safe Bulkers, Inc (SB) has around 1102 employees, a market worth around $395.58M and $318.43M in sales. Current P/E ratio is 4.28 and Fwd P/E is 5.43. Profit margin for the company is 30.66%. Distance from 52-week low is 11.30% and -39.34% from its 52-week high. The company has generated returns on investments over the last 12 months (7.78%).
Safe Bulkers, Inc quarterly earnings per share for the current quarter are estimated at 0.16 with sales reaching $71.9M over the same period.The EPS is expected to grow by 27.06% this year, but quarterly earnings will post 0.56% year-over-year. Quarterly sales are estimated to shrink -15.89% in year-over-year returns.
The shares outstanding are 111.61M, and float is at 58.39M with Short Float at 3.03%.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.62 million shares valued at $21.07 million. The investor’s holdings represent 3.2798 of the SB Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 3.31 million shares valued at $19.27 million to account for 2.9989 of the shares outstanding. The other top investors are ACADIAN ASSET MANAGEMENT LLC which holds 2.28 million shares representing 2.0642 and valued at over $13.25 million, while AMERICAN CENTURY COMPANIES INC holds 1.599 of the shares totaling 1.77 million with a market value of $10.27 million.
