The stock price of Star Bulk Carriers Corp (NASDAQ: SBLK) has jumped by 1.38 compared to previous close of 24.55. Despite this, the company has seen a gain of 1.92% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that Here is how Star Bulk Carriers (SBLK) and Westinghouse Air Brake Technologies (WAB) have performed compared to their sector so far this year.
Is It Worth Investing in Star Bulk Carriers Corp (NASDAQ: SBLK) Right Now?
The price-to-earnings ratio for Star Bulk Carriers Corp (NASDAQ: SBLK) is 13.96x, which is above its average ratio. Moreover, the 36-month beta value for SBLK is 1.04. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for SBLK is 107.22M and currently, short sellers hold a 1.80% of that float. On May 02, 2024, SBLK’s average trading volume was 1.62M shares.
SBLK’s Market Performance
The stock of Star Bulk Carriers Corp (SBLK) has seen a 1.92% increase in the past week, with a 3.54% rise in the past month, and a 16.20% gain in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.31% for SBLK. The simple moving average for the past 20 days is 4.71% for SBLK’s stock, with a 20.88% simple moving average for the past 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 21, 2022 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 4.24% 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 -1.07% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +4.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.58% upper at present.
During the last 5 trading sessions, SBLK rose by +1.64%, which changed the moving average for the period of 200-days by +44.98% in comparison to the 20-day moving average, which settled at $23.82. In addition, Star Bulk Carriers Corp saw 17.07% 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:
- 0.25 for the present operating margin
- 0.27 for the gross margin
The net margin for Star Bulk Carriers Corp stands at 0.18. The total capital return value is set at 0.09. Equity return is now at value 9.43, with 5.37 for asset returns.
Based on Star Bulk Carriers Corp (SBLK), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 3.05.
Currently, EBITDA for the company is 333.63 million with net debt to EBITDA at 2.67. When we switch over and look at the enterprise to sales, we see a ratio of 4.04. The receivables turnover for the company is 13.82for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To wrap up, the performance of Star Bulk Carriers Corp (SBLK) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
