Star Bulk Carriers Corp (NASDAQ: SBLK) is -0.60% lower on its value in year-to-date trading and has touched a low of $14.56 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 $14.82 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $14.86, the stock is -1.46% and -14.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing 0.27% at the moment leaves the stock -31.63% off its SMA200. SBLK registered -29.74% loss for a year compared to 6-month loss of -38.52%. The firm has a 50-day simple moving average (SMA 50) of $17.2964 and a 200-day simple moving average (SMA200) of $21.7347.
The stock witnessed a -7.01% gain in the last 1 month and extending the period to 3 months gives it a -32.30%, and is -0.60% 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 3.60% over the week and 2.86% over the month.
Star Bulk Carriers Corp (SBLK) has around 216 employees, a market worth around $1.77B and $1.22B in sales. Current P/E ratio is 5.02 and Fwd P/E is 5.09. Profit margin for the company is 24.75%. Distance from 52-week low is 2.06% and -45.90% from its 52-week high. The company has generated returns on investments over the last 12 months (8.07%).
The EPS is expected to grow by 47.35% this year
The shares outstanding are 117.89M, and float is at 112.66M with Short Float at 1.67%.
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.
Star Bulk Carriers Corp (SBLK) Insider Activity
Still, SEC filings show that on Aug 12 ’24, Norton Hamish (Officer) Proposed Sale 16,450 shares at an average price of $20.97 for $0.34 million. The insider now directly holds shares of Star Bulk Carriers Corp (SBLK).
