Star Bulk Carriers Corp (NASDAQ: SBLK) is -9.36% lower on its value in year-to-date trading and has touched a low of $12.06 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 $13.58 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $13.55, the stock is -8.85% and -12.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -0.22% at the moment leaves the stock -27.01% off its SMA200. SBLK registered -41.44% loss for a year compared to 6-month loss of -34.35%. The firm has a 50-day simple moving average (SMA 50) of $15.4494 and a 200-day simple moving average (SMA200) of $18.5642.
The stock witnessed a -18.76% gain in the last 1 month and extending the period to 3 months gives it a -10.97%, and is 0.15% 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 4.19% over the week and 4.79% over the month.
Star Bulk Carriers Corp (SBLK) has around 301 employees, a market worth around $1.59B and $1.27B in sales. Current P/E ratio is 4.73 and Fwd P/E is 4.05. Profit margin for the company is 24.07%. Distance from 52-week low is 12.35% and -50.67% from its 52-week high. The company has generated returns on investments over the last 12 months (8.27%).
The EPS is expected to shrink by -34.10% this year
278.0 institutions hold shares in Star Bulk Carriers Corp (SBLK), with institutional investors hold 42.06% of the company’s shares. The shares outstanding are 117.63M, and float is at 99.42M with Short Float at 5.11%. Institutions hold 35.52% 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
Still, SEC filings show that on Dec 30 ’24, Zagari Raffaele (Director) Proposed Sale 11,500 shares at an average price of $15.00 for $0.17 million. The insider now directly holds shares of Star Bulk Carriers Corp (SBLK).
