Star Bulk Carriers Corp (NASDAQ: SBLK) is -28.79% lower on its value in year-to-date trading and has touched a low of $12.06 and a high of $25.25 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 $17.12 in the last trading session, with the day’s loss setting it -15.66%.
Currently trading at $1.46M, the stock is 2.45% and 8.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.98 million and changing 2977370% at the moment leaves the stock 0.47% off its SMA200. SBLK registered 14.31% gain for a year compared to 6-month gain of 15.47%. The firm has a 50-day simple moving average (SMA 50) of $15.792 and a 200-day simple moving average (SMA200) of $17.0106.
The stock witnessed a 6.55% loss in the last 1 month and extending the period to 3 months gives it a 6.02%, and is 1.73% 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 3.12% over the week and 2.42% over the month.
Star Bulk Carriers Corp (SBLK) has around 301 employees, a market worth around $2.00B and $1.24B in sales. Current P/E ratio is 8.64 and Fwd P/E is 5.95. Profit margin for the company is 18.62%. Distance from 52-week low is 41.71% and -32.32% from its 52-week high. The company has generated returns on investments over the last 12 months (6.35%).
The EPS is expected to shrink by -46.03% this year
241.0 institutions hold shares in Star Bulk Carriers Corp (SBLK), with institutional investors hold 43.27% of the company’s shares. The shares outstanding are 116.78M, and float is at 91.62M with Short Float at 2.99%. Institutions hold 33.68% 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 MORGAN STANLEY holds 2.6384 of the shares totaling 3.01 million with a market value of $73.37 million.
