The stock of Star Bulk Carriers Corp (NASDAQ: SBLK) has increased by 4.89 when compared to last closing price of 21.66. Despite this, the company has experienced a 7.78% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-24 that Value Investor’s Edge Live continues with the latest episode focused on the dry bulk shipping sector. Star Bulk Carriers is the largest US-listed dry bulk owner, with a roughly $2.6B market capitalization.
Is It Worth Investing in Star Bulk Carriers Corp (NASDAQ: SBLK) Right Now?
Star Bulk Carriers Corp (NASDAQ: SBLK) has a higher price-to-earnings ratio of 8.36x compared to its average ratio, The 36-month beta value for SBLK is at 0.98. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SBLK is 112.66M, and currently, shorts hold a 2.27% of that float. The average trading volume for SBLK on September 25, 2024 was 1.63M shares.
SBLK’s Market Performance
The stock of Star Bulk Carriers Corp (SBLK) has seen a 7.78% increase in the past week, with a 7.02% rise in the past month, and a -5.88% fall in the past quarter. The volatility ratio for the week is 2.30%, and the volatility levels for the past 30 days are at 2.35% for SBLK. The simple moving average for the past 20 days is 8.60% for SBLK’s stock, with a -1.30% 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 4.73% 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 -17.29% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares surge +5.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.20% lower at present.
During the last 5 trading sessions, SBLK rose by +7.78%, which changed the moving average for the period of 200-days by +12.98% in comparison to the 20-day moving average, which settled at $20.98. In addition, Star Bulk Carriers Corp saw 6.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SBLK starting from Norton Hamish, who proposed sale 16,450 shares at the price of $20.97 back on Aug 12 ’24. After this action, Norton Hamish now owns shares of Star Bulk Carriers Corp, valued at $344,956 using the latest closing price.
Stock Fundamentals for SBLK
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.35 for the gross margin
The net margin for Star Bulk Carriers Corp stands at 0.24. The total capital return value is set at 0.09. Equity return is now at value 11.87, with 7.03 for asset returns.
Based on Star Bulk Carriers Corp (SBLK), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 3.73.
Currently, EBITDA for the company is 333.63 million with net debt to EBITDA at 2.53. When we switch over and look at the enterprise to sales, we see a ratio of 3.5. The receivables turnover for the company is 12.03for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
In conclusion, Star Bulk Carriers Corp (SBLK) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
