Safe Bulkers, Inc (NYSE: SB) has a price-to-earnings ratio of 5.61x that is above its average ratio. Additionally, the 36-month beta value for SB is 0.92. 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.”
The public float for SB is 58.39M and currently, short sellers hold a 2.95% ratio of that float. The average trading volume of SB on October 18, 2024 was 545.79K shares.
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SB) stock’s latest price update
Safe Bulkers, Inc (NYSE: SB)’s stock price has soared by 1.13 in relation to previous closing price of 4.42. Nevertheless, the company has seen a loss of -7.07% in its stock price over the last five trading days. globenewswire.com reported 2024-10-03 that MONACO, Oct. 03, 2024 (GLOBE NEWSWIRE) — Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company’s Board of Directors has declared:
SB’s Market Performance
SB’s stock has fallen by -7.07% in the past week, with a monthly drop of -6.68% and a quarterly drop of -18.28%. The volatility ratio for the week is 3.22% while the volatility levels for the last 30 days are 2.58% for Safe Bulkers, Inc The simple moving average for the last 20 days is -8.80% for SB’s stock, with a simple moving average of -10.21% for the last 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 -8.39% 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 -29.38% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares sank -9.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.10% lower at present.
During the last 5 trading sessions, SB fell by -7.07%, which changed the moving average for the period of 200-days by +13.16% in comparison to the 20-day moving average, which settled at $4.90. In addition, Safe Bulkers, Inc saw 13.74% 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 5.43.
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 2.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
In conclusion, Safe Bulkers, Inc (SB) has seen mixed performance in recent times. Analysts have a mixed 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.
