Safe Bulkers, Inc (SB) Stock Price and Analyst Predictions

Safe Bulkers, Inc (NYSE: SB) has a price-to-earnings ratio that is above its average at 8.18x. The stock has a 36-month beta value of 1.00. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”

The public float for SB is 63.22M, and at present, short sellers hold a 3.81% of that float. On April 04, 2024, the average trading volume of SB was 924.56K shares.

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SB) stock’s latest price update

Safe Bulkers, Inc (NYSE: SB) has seen a rise in its stock price by 1.83 in relation to its previous close of 4.91. However, the company has experienced a 0.40% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that BTDR and SB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 1, 2023.

SB’s Market Performance

Safe Bulkers, Inc (SB) has seen a 0.40% rise in stock performance for the week, with a 9.65% gain in the past month and a 26.58% surge in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 2.55% for SB. The simple moving average for the past 20 days is 0.94% for SB’s stock, with a 35.25% simple moving average for the past 200 days.

Analysts’ Opinion of SB

Many brokerage firms have already submitted their reports for SB stocks, with Jefferies repeating the rating for SB by listing it as a “Buy.” The predicted price for SB in the upcoming period, according to Jefferies is $6 based on the research report published on February 27, 2024 of the current year 2024.

Jefferies, on the other hand, stated in their research note that they expect to see SB reach a price target of $4, previously predicting the price at $5. The rating they have provided for SB stocks is “Hold” according to the report published on September 26th, 2022.

Jefferies gave a rating of “Buy” to SB, setting the target price at $5 in the report published on July 21st of the previous year.

SB Trading at 10.39% from the 50-Day Moving Average

After a stumble in the market that brought SB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.91% of loss for the given period.

Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +8.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.69% upper at present.

During the last 5 trading sessions, SB rose by +0.40%, which changed the moving average for the period of 200-days by +47.93% in comparison to the 20-day moving average, which settled at $4.97. In addition, Safe Bulkers, Inc saw 27.23% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for SB

Current profitability levels for the company are sitting at:

  • 0.31 for the present operating margin
  • 0.42 for the gross margin

The net margin for Safe Bulkers, Inc stands at 0.23. The total capital return value is set at 0.07. Equity return is now at value 9.89, with 5.98 for asset returns.

Based on Safe Bulkers, Inc (SB), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 3.45.

Currently, EBITDA for the company is 147.9 million with net debt to EBITDA at 4.2. When we switch over and look at the enterprise to sales, we see a ratio of 3.57. The receivables turnover for the company is 30.66for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.63.

Conclusion

To sum up, Safe Bulkers, Inc (SB) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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