Star Bulk Carriers Corp (SBLK) concluded trading on Thursday at a closing price of $21.84, with 2.3 million shares of worth about $50.27 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.58% during that period and on September 19, 2024 the price saw a gain of about 3.80%. Currently the company’s common shares owned by public are about 118.83M shares, out of which, 112.66M shares are available for trading.
Stock saw a price change of 5.61% in past 5 days and over the past one month there was a price change of 0.97%. Year-to-date (YTD), SBLK shares are showing a performance of 2.73% which increased to 20.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.65 but also hit the highest price of $27.47 during that period. The average intraday trading volume for Star Bulk Carriers Corp shares is 1.67 million.
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Star Bulk Carriers Corp (NASDAQ: SBLK) currently have 118.83M outstanding shares and institutions hold larger chunk of about 45.09% of that.
The stock has a current market capitalization of $2.60B and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 8.03, while it has posted earnings per share of $2.72 in the same period. It has Quick Ratio of 1.34 while making debt-to-equity ratio of 0.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SBLK, volatility over the week remained 1.77% while standing at 2.41% over the month.
Stock’s fiscal year EPS is expected to rise by 105.69% while it is estimated to increase by 12.58% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on July 21, 2022 offering a Buy rating for the stock and assigned a target price of $30 to it. Coverage by Jefferies stated Star Bulk Carriers Corp (SBLK) stock as a Buy in their note to investors on April 27, 2022, suggesting a price target of $36 for the stock. On February 23, 2022, Pareto Downgrade their recommendations, while on September 13, 2021, H.C. Wainwright Initiated their ratings for the stock with a price target of $35. Stock get a Buy rating from DNB Markets on July 29, 2020.
