While Star Bulk Carriers Corp has overperformed by 6.95%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SBLK fell by -27.40%, with highs and lows ranging from $27.47 to $14.30, whereas the simple moving average fell by -22.10% in the last 200 days.
On November 21, 2024, DNB Markets Upgraded Star Bulk Carriers Corp (NASDAQ: SBLK) to Hold. A report published by Stifel on October 23, 2024, Downgraded its rating to ‘Hold’ for SBLK. Jefferies Initiated an Buy rating on July 21, 2022, and assigned a price target of $30. Jefferies initiated its ‘Buy’ rating for SBLK, as published in its report on April 27, 2022. Pareto’s report from February 23, 2022 suggests a price prediction of $30 for SBLK shares, giving the stock a ‘Hold’ rating. H.C. Wainwright also rated the stock as ‘Buy’.
Analysis of Star Bulk Carriers Corp (SBLK)
Investors in Star Bulk Carriers Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $2.50 per share. Further, the quarter-over-quarter increase in sales is 17.25%, showing a positive trend in the upcoming months.
One of the most important indicators of Star Bulk Carriers Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 14.71% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.49, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and SBLK is recording 2.17M average volume. On a monthly basis, the volatility of the stock is set at 3.09%, whereas on a weekly basis, it is put at 4.43%, with a gain of 1.78% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.88, showing growth from the present price of $16.00, which can serve as yet another indication of whether SBLK is worth investing in or should be passed over.
How Do You Analyze Star Bulk Carriers Corp Shares?
The Marine Shipping market is dominated by Star Bulk Carriers Corp (SBLK) based in the Greece. When comparing Star Bulk Carriers Corp shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 5.59, there is a growth in quarterly earnings of -20.79%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.19%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 34.61% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SBLK shares are owned by institutional investors to the tune of 34.61% at present.
