Star Bulk Carriers Corp (NASDAQ: SBLK) has seen a rise in its stock price by 2.00 in relation to its previous close of 15.98. However, the company has experienced a -4.34% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-09 that Star Bulk Carriers, a leading dry bulk company, has a strong financial position and operational efficiency, bolstered by its merger with Eagle Bulk Shipping. Despite the recent share price drop, SBLK offers an extraordinary dividend yield, expected to stabilize around 9%, making it attractive for long-term holders. The share price is nearing a major support level, suggesting a new buying zone and potential for substantial medium-term rewards.
Is It Worth Investing in Star Bulk Carriers Corp (NASDAQ: SBLK) Right Now?
Star Bulk Carriers Corp (NASDAQ: SBLK) has a price-to-earnings ratio that is above its average at 5.51x. The stock has a 36-month beta value of 0.96. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for SBLK is 112.66M, and at present, short sellers hold a 1.24% of that float. On December 10, 2024, the average trading volume of SBLK was 1.80M shares.
SBLK’s Market Performance
The stock of Star Bulk Carriers Corp (SBLK) has seen a -4.34% decrease in the past week, with a -19.23% drop in the past month, and a -18.21% fall in the past quarter. The volatility ratio for the week is 3.09%, and the volatility levels for the past 30 days are at 2.51% for SBLK. The simple moving average for the last 20 days is -11.65% for SBLK stock, with a simple moving average of -27.99% 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 -17.38% 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 -40.66% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares sank -18.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.76% lower at present.
During the last 5 trading sessions, SBLK fell by -4.34%, which changed the moving average for the period of 200-days by -31.60% in comparison to the 20-day moving average, which settled at $18.45. In addition, Star Bulk Carriers Corp saw -23.33% 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
- 0.37 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 2.43. 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
To sum up, Star Bulk Carriers Corp (SBLK) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
