Safe Bulkers, Inc (NYSE: SB) is -4.33% lower on its value in year-to-date trading and has touched a low of $3.62 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 $3.87 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $3.76, the stock is -10.52% and -16.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -2.84% at the moment leaves the stock -24.85% off its SMA200. SB registered -3.09% loss for a year compared to 6-month loss of -37.95%. The firm has a 50-day simple moving average (SMA 50) of $4.5056 and a 200-day simple moving average (SMA200) of $5.00525.
The stock witnessed a -10.26% gain in the last 1 month and extending the period to 3 months gives it a -22.63%, and is -9.83% 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 3.74% over the week and 3.21% over the month.
Safe Bulkers, Inc (SB) has around 1102 employees, a market worth around $404.59M and $318.43M in sales. Current P/E ratio is 4.19 and Fwd P/E is 5.31. Profit margin for the company is 30.66%. Distance from 52-week low is 3.87% and -40.60% from its 52-week high. The company has generated returns on investments over the last 12 months (7.78%).
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.
Safe Bulkers, Inc (SB) Top Institutional Holders
The shares outstanding are 106.77M, 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.
Safe Bulkers, Inc (SB) Insider Activity
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