Star Bulk Carriers Corp (NASDAQ: SBLK)’s stock price has gone rise by 1.29 in comparison to its previous close of 20.08, however, the company has experienced a 0.79% increase in its stock price over the last five trading days. zacks.com reported 2024-11-12 that High vessel operating expenses are likely to have hurt SBLK’s bottom-line performance in Q3.
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 above average at 7.48x. The 36-month beta value for SBLK is also noteworthy at 1.01. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SBLK is 112.66M, and at present, short sellers hold a 1.29% of that float. The average trading volume of SBLK on November 14, 2024 was 1.71M shares.
SBLK’s Market Performance
SBLK stock saw an increase of 0.79% in the past week, with a monthly gain of 2.31% and a quarterly increase of -3.83%. The volatility ratio for the week is 1.93%, and the volatility levels for the last 30 days are 1.81% for Star Bulk Carriers Corp (SBLK). The simple moving average for the past 20 days is 3.49% for SBLK’s stock, with a -11.50% simple moving average for the past 200 days.
Analysts’ Opinion of SBLK
Many brokerage firms have already submitted their reports for SBLK stocks, with Stifel repeating the rating for SBLK by listing it as a “Hold.” The predicted price for SBLK in the upcoming period, according to Stifel is $21 based on the research report published on October 23, 2024 of the current year 2024.
Jefferies gave a rating of “Buy” to SBLK, setting the target price at $30 in the report published on July 21st of the previous year.
SBLK Trading at -2.34% 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 -25.96% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares surge +0.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.96% lower at present.
During the last 5 trading sessions, SBLK rose by +0.47%, which changed the moving average for the period of 200-days by -6.74% in comparison to the 20-day moving average, which settled at $19.65. In addition, Star Bulk Carriers Corp saw -4.33% in overturn over a single year, with a tendency to cut further losses.
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:
- 0.31 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 0.37 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 0.6. The interest coverage ratio of the stock is 3.9.
Currently, EBITDA for the company is 334.84 million with net debt to EBITDA at 2.39. When we switch over and look at the enterprise to sales, we see a ratio of 3.23. 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 summary, Star Bulk Carriers Corp (SBLK) has had a mixed performance as of late. Analysts have bullish 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.
