Star Bulk Carriers Corp (NASDAQ: SBLK) is -22.25% lower on its value in year-to-date trading and has touched a low of $12.06 and a high of $24.51 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 $18.02 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $18.52, the stock is 6.75% and 11.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 2.77% at the moment leaves the stock 9.89% off its SMA200. SBLK registered 23.88% gain for a year compared to 6-month gain of 24.97%. The firm has a 50-day simple moving average (SMA 50) of $16.5398 and a 200-day simple moving average (SMA200) of $16.8539.
The stock witnessed a 11.90% loss in the last 1 month and extending the period to 3 months gives it a 36.88%, and is 2.66% 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 3.13% over the week and 2.74% over the month.
Star Bulk Carriers Corp (SBLK) has around 301 employees, a market worth around $2.17B and $1.24B in sales. Current P/E ratio is 9.37 and Fwd P/E is 6.45. Profit margin for the company is 18.62%. Distance from 52-week low is 53.57% and -24.44% 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 -45.98% this year.
Star Bulk Carriers Corp (SBLK) Top Institutional Holders
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 4.41%. 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.
