In the past week, SBLK stock has gone down by -0.62%, with a monthly decline of -1.79% and a quarterly surge of 15.33%. The volatility ratio for the week is 3.82%, and the volatility levels for the last 30 days are 3.68% for Star Bulk Carriers Corp. The simple moving average for the last 20 days is -1.94% for SBLK stock, with a simple moving average of 1.03% for the last 200 days.
Is It Worth Investing in Star Bulk Carriers Corp. (NASDAQ: SBLK) Right Now?
Star Bulk Carriers Corp. (NASDAQ: SBLK) has a price-to-earnings ratio of 2.29x that is above its average ratio. Additionally, the 36-month beta value for SBLK is 1.10. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for SBLK is $27.73, which is $6.33 above the current price. The public float for SBLK is 94.69M and currently, short sellers hold a 6.72% ratio of that float. The average trading volume of SBLK on March 15, 2023 was 1.60M shares.
SBLK) stock’s latest price update
Star Bulk Carriers Corp. (NASDAQ: SBLK)’s stock price has increased by 5.24 compared to its previous closing price of 21.38. however, the company has experienced a -0.62% decrease in its stock price over the last five trading days. The Wall Street Journal reported on 02/17/22 that Palantir, DoorDash, Nvidia, Hasbro: What to Watch in the Stock Market Today
Analysts’ Opinion of SBLK
In the past week, SBLK stock has gone down by -0.62%, with a monthly decline of -1.79% and a quarterly surge of 15.33%. The volatility ratio for the week is 3.82%, and the volatility levels for the last 30 days are 3.68% for Star Bulk Carriers Corp. The simple moving average for the last 20 days is -1.94% for SBLK stock, with a simple moving average of 1.03% for the last 200 days.
Analysts’ Opinion of SBLK
Many brokerage firms have already submitted their reports for SBLK stocks, with Jefferies repeating the rating for SBLK by listing it as a “Buy.” The predicted price for SBLK in the upcoming period, according to Jefferies is $30 based on the research report published on July 21st of the previous year 2022.
Jefferies, on the other hand, stated in their research note that they expect to see SBLK reach a price target of $36. The rating they have provided for SBLK stocks is “Buy” according to the report published on April 27th, 2022.
Pareto gave a rating of “Hold” to SBLK, setting the target price at $30 in the report published on February 23rd of the previous year.
SBLK Trading at 2.18% from the 50-Day Moving Average
After a stumble in the market that brought SBLK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.80% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 3.82%, as shares sank -1.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.33% upper at present.
During the last 5 trading sessions, SBLK fell by -0.62%, which changed the moving average for the period of 200-days by -29.44% in comparison to the 20-day moving average, which settled at $22.93. In addition, Star Bulk Carriers Corp. saw 17.00% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SBLK
Current profitability levels for the company are sitting at:
- +41.93 for the present operating margin
- +48.47 for the gross margin
The net margin for Star Bulk Carriers Corp. stands at +39.38. Equity return is now at value 27.40, with 15.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.
Conclusion
In conclusion, Star Bulk Carriers Corp. (SBLK) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
