Currently, there are 106.77M common shares owned by the public and among those 58.39M shares have been available to trade.
The company’s stock has a 5-day price change of -3.39% and -22.62% over the past three months. SB shares are trading -4.20% year to date (YTD), with the 12-month market performance down to -14.93% lower. It has a 12-month low price of $3.37 and touched a high of $6.33 over the same period. SB has an average intraday trading volume of 664.03K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.18%, -11.05%, and -29.08% respectively.
Institutional ownership of Safe Bulkers, Inc (NYSE: SB) shares accounts for 28.78% of the company’s 106.77M shares outstanding.
It has a market capitalization of $365.15M and a beta (3y monthly) value of 0.91. The stock’s trailing 12-month PE ratio is 3.81, while the earnings-per-share (ttm) stands at $0.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.95% over the week and 3.49% over the month.
Earnings per share for the fiscal year are expected to increase by 25.24%, and -17.60% over the next financial year.
Looking at the support for the SB, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on February 27, 2024, with the firm’s price target at $4-$6. Jefferies coverage for the Safe Bulkers, Inc (SB) stock in a research note released on September 26, 2022 offered a Hold rating with a price target of $4. Jefferies was of a view on July 21, 2022 that the stock is Buy, while Jefferies gave the stock Hold rating on April 27, 2022, issuing a price target of $4.50. H.C. Wainwright on their part issued Buy rating on September 13, 2021.
