Star Bulk Carriers Corp (NASDAQ: SBLK) is -19.95% lower on its value in year-to-date trading and has touched a low of $12.06 and a high of $24.30 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 $18.96 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $19.06, the stock is 5.81% and 11.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing 0.53% at the moment leaves the stock 14.32% off its SMA200. SBLK registered 27.49% gain for a year compared to 6-month gain of 29.84%. The firm has a 50-day simple moving average (SMA 50) of $17.0976 and a 200-day simple moving average (SMA200) of $16.6725.
The stock witnessed a 15.17% loss in the last 1 month and extending the period to 3 months gives it a 40.56%, and is 4.67% 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 2.20% over the week and 2.76% over the month.
Star Bulk Carriers Corp (SBLK) has around 301 employees, a market worth around $2.23B and $1.24B in sales. Current P/E ratio is 9.64 and Fwd P/E is 6.65. Profit margin for the company is 18.62%. Distance from 52-week low is 58.04% and -21.56% 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 -44.35% this year
235.0 institutions hold shares in Star Bulk Carriers Corp (SBLK), with institutional investors hold 43.08% 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 33.53% 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.
