Star Bulk Carriers Corp (NASDAQ: SBLK) is -15.32% lower on its value in year-to-date trading and has touched a low of $12.72 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 $13.89 in the last trading session, with the day’s loss setting it -1.23%.
Currently trading at $12.66, the stock is -19.54% and -19.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.89 million and changing -8.86% at the moment leaves the stock -32.95% off its SMA200. SBLK registered -46.98% loss for a year compared to 6-month loss of -44.25%. The firm has a 50-day simple moving average (SMA 50) of $15.6432 and a 200-day simple moving average (SMA200) of $18.8807.
The stock witnessed a -19.62% gain in the last 1 month and extending the period to 3 months gives it a -13.76%, and is -19.47% 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 7.76% over the week and 4.06% over the month.
Star Bulk Carriers Corp (SBLK) has around 301 employees, a market worth around $1.48B and $1.27B in sales. Current P/E ratio is 4.42 and Fwd P/E is 3.78. Profit margin for the company is 24.07%. Distance from 52-week low is -0.47% and -53.91% from its 52-week high. The company has generated returns on investments over the last 12 months (8.27%).
with sales reaching $161.9M over the same period.The EPS is expected to shrink by -34.10% this year, but quarterly earnings will post -10.73% year-over-year. Quarterly sales are estimated to shrink -19.97% in year-over-year returns.
Star Bulk Carriers Corp (SBLK) Top Institutional Holders
277.0 institutions hold shares in Star Bulk Carriers Corp (SBLK), with institutional investors hold 41.83% of the company’s shares. The shares outstanding are 117.63M, and float is at 99.42M with Short Float at 5.17%. Institutions hold 35.41% of the Float.
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 7.2749% 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 3.8296 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.11 million shares representing 3.7547% and valued at over $100.24 million, while TWO SIGMA ADVISERS, LP holds 2.8931 of the shares totaling 2.43 million with a market value of $59.13 million.
Star Bulk Carriers Corp (SBLK) Insider Activity
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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).
