Star Bulk Carriers Corp (NASDAQ: SBLK) has a price-to-earnings ratio of 5.76x that is above its average ratio. Additionally, the 36-month beta value for SBLK is 0.97. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for SBLK is 112.66M and currently, short sellers hold a 1.24% ratio of that float. The average trading volume of SBLK on December 03, 2024 was 1.77M shares.
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SBLK) stock’s latest price update
Star Bulk Carriers Corp (NASDAQ: SBLK) has experienced a decline in its stock price by -1.62 compared to its previous closing price of 17.32. However, the company has seen a fall of -8.53% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-23 that Macro events surrounding the dry bulk industry remain mixed, albeit improved compared to pre-pandemic periods, with it already triggering higher contracted TCE rates for SBLK. These have directly contributed to the company’s robust FQ3’24 performance, healthier balance sheet, and richer dividend yields compared to historical levels. If anything, market players remain cautiously optimistic about 2025 and beyond, attributed to the Red Sea/ Ukraine conflict, impact of slow steaming, and the resultant supply/ demand imbalance.
SBLK’s Market Performance
Star Bulk Carriers Corp (SBLK) has experienced a -8.53% fall in stock performance for the past week, with a -10.83% drop in the past month, and a -17.12% drop in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 2.20% for SBLK. The simple moving average for the last 20 days is -11.40% for SBLK’s stock, with a simple moving average of -25.22% for the last 200 days.
Analysts’ Opinion of SBLK
Many brokerage firms have already submitted their reports for SBLK stocks, with DNB Markets repeating the rating for SBLK by listing it as a “Hold.” The predicted price for SBLK in the upcoming period, according to DNB Markets is $20.20 based on the research report published on November 21, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see SBLK reach a price target of $21, previously predicting the price at $30. The rating they have provided for SBLK stocks is “Hold” according to the report published on October 23rd, 2024.
SBLK Trading at -16.30% 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 -37.97% of loss for the given period.
Volatility was left at 2.20%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares sank -10.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.07% lower at present.
During the last 5 trading sessions, SBLK fell by -8.53%, which changed the moving average for the period of 200-days by -23.14% in comparison to the 20-day moving average, which settled at $19.23. In addition, Star Bulk Carriers Corp saw -19.85% 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
- 0.37 for the gross margin
The net margin for Star Bulk Carriers Corp stands at 0.25. The total capital return value is set at 0.1. Equity return is now at value 13.96, with 8.24 for asset returns.
Based on Star Bulk Carriers Corp (SBLK), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 4.03.
Currently, EBITDA for the company is 405.21 million with net debt to EBITDA at 1.95. When we switch over and look at the enterprise to sales, we see a ratio of 2.5. The receivables turnover for the company is 11.75for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
In conclusion, Star Bulk Carriers Corp (SBLK) has seen bad performance in recent times. Analysts have a bullish 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.
