Star Bulk Carriers Corp (SBLK) concluded trading on Wednesday at a closing price of $16.86, with 3.57 million shares of worth about $60.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -37.07% during that period and on December 04, 2024 the price saw a loss of about -2.09%. Currently the company’s common shares owned by public are about 117.89M shares, out of which, 112.66M shares are available for trading.
Stock saw a price change of -6.49% in past 5 days and over the past one month there was a price change of -11.50%. Year-to-date (YTD), SBLK shares are showing a performance of -20.70% which decreased to -22.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.87 but also hit the highest price of $27.47 during that period. The average intraday trading volume for Star Bulk Carriers Corp shares is 1.79 million. The stock is currently trading -11.28% below its 20-day simple moving average (SMA20), while that difference is down -16.34% for SMA50 and it goes to -25.85% lower than SMA200.
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Star Bulk Carriers Corp (NASDAQ: SBLK) currently have 117.89M outstanding shares and institutions hold larger chunk of about 41.08% of that.
The stock has a current market capitalization of $2.00B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 5.70, while it has posted earnings per share of $2.96 in the same period. Its PEG reads 3.87 and has Quick Ratio of 1.49 while making debt-to-equity ratio of 0.59. 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 2.42% while standing at 2.29% over the month.
Stock’s fiscal year EPS is expected to rise by 47.35% while it is estimated to increase by 14.14% in next year. EPS is likely to shrink at an annualized rate of 1.47% for next 5-years, compared to annual growth of 18.28% made by the stock over the past 5-years.
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 DNB Markets on November 21, 2024 offering a Hold rating for the stock and assigned a target price range of between $19.30 and $20.20 to it. Coverage by Stifel stated Star Bulk Carriers Corp (SBLK) stock as a Hold in their note to investors on October 23, 2024, suggesting a price target of $21 for the stock. On October 11, 2024, DNB Markets Downgrade their recommendations, while on July 21, 2022, Jefferies Initiated their ratings for the stock with a price target of $30. Stock get a Buy rating from Jefferies on April 27, 2022.
