The stock of Safe Bulkers, Inc (SB) has gone up by 0.91% for the week, with a -8.82% drop in the past month and a -5.73% drop in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are 3.77% for SB. The simple moving average for the last 20 days is 1.08% for SB stock, with a simple moving average of 5.59% for the last 200 days.
Is It Worth Investing in Safe Bulkers, Inc (NYSE: SB) Right Now?
The price-to-earnings ratio for Safe Bulkers, Inc (NYSE: SB) is above average at 6.29x. The 36-month beta value for SB is also noteworthy at 0.91. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SB is 58.39M, and at present, short sellers hold a 3.71% of that float. The average trading volume of SB on August 23, 2024 was 616.63K shares.
SB) stock’s latest price update
Safe Bulkers, Inc (NYSE: SB)’s stock price has increased by 1.72 compared to its previous closing price of 4.93. However, the company has seen a 0.91% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-17 that Recent 20% pullback in share price following a 100% bull run since the end of 2023, with mixed Q2 2024 earnings due to weaker commodity markets and reduced backhaul cargoes. Despite a rise in net income and charter rates, my concerns include declining free cash flow, operating margins, and a high dividend yield not necessarily backed up by good financials. Safe Bulkers repurchased over 4.8 million shares in Q1 2024 but has not announced a new buyback program for Q2 2024, raising my concerns about future share price support.
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 -7.75% 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 -20.77% of loss for the given period.
Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares sank -7.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.56% lower at present.
During the last 5 trading sessions, SB rose by +1.41%, which changed the moving average for the period of 200-days by +55.56% in comparison to the 20-day moving average, which settled at $4.94. In addition, Safe Bulkers, Inc saw 27.61% 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:
- 0.38 for the present operating margin
- 0.45 for the gross margin
The net margin for Safe Bulkers, Inc stands at 0.31. The total capital return value is set at 0.09. Equity return is now at value 12.15, with 7.37 for asset returns.
Based on Safe Bulkers, Inc (SB), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 5.08.
Currently, EBITDA for the company is 147.9 million with net debt to EBITDA at 2.66. When we switch over and look at the enterprise to sales, we see a ratio of 3.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
In summary, Safe Bulkers, Inc (SB) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
