Safe Bulkers, Inc (NYSE: SB) is 2.52% higher on its value in year-to-date trading and has touched a low of $3.40 and a high of $6.33 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 SB stock was last observed hovering at around $3.57 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $3.66, the stock is -0.60% and -8.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing 2.52% at the moment leaves the stock -25.27% off its SMA200. SB registered -7.34% loss for a year compared to 6-month loss of -40.49%. The firm has a 50-day simple moving average (SMA 50) of $3.9924 and a 200-day simple moving average (SMA200) of $4.8976.
The stock witnessed a -2.66% gain in the last 1 month and extending the period to 3 months gives it a -28.38%, and is 0.55% 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 3.31% over the week and 3.71% over the month.
Safe Bulkers, Inc (SB) has around 1102 employees, a market worth around $390.78M and $318.43M in sales. Current P/E ratio is 4.08 and Fwd P/E is 6.45. Profit margin for the company is 30.66%. Distance from 52-week low is 7.65% and -42.18% from its 52-week high. The company has generated returns on investments over the last 12 months (7.78%).
The EPS is expected to grow by 25.24% this year
The shares outstanding are 106.77M, and float is at 58.39M with Short Float at 2.95%.
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.
