Is Star Bulk Carriers Corp. [SBLK] Stock Is Still Just for Futuristic Bulls at this Point?

Star Bulk Carriers Corp. [SBLK] shares are down more than -23.65% this year and recently increased 0.03% or $0.29 to settle at $8.52. SBLK has a short ratio of 1.06. This implies that the market is currently less bullish on the outlook for SBLK.

On 17, November 2020, Star Bulk Carriers Corp. to Host Earnings Call. According to news published on Yahoo Finance, NEW YORK, NY / ACCESSWIRE / November 17, 2020 / Star Bulk Carriers Corp. (NASDAQ:SBLK) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 17, 2020 at 11:00 AM Eastern Time.

Analyst Birdseye View:

The most recent analyst activity for Star Bulk Carriers Corp. [NASDAQ:SBLK] stock was on March 09, 2020, when it was Downgrade with a Hold rating from DNB Markets, which also raised its 12-month price target on the stock to $10.40. On February 15, 2019, Morgan Stanley Downgrade an Equal-weight rating. On March 01, 2018, Stifel Reiterated a Hold rating and increased its price target from $11 to $12. On March 28, 2017, Morgan Stanley Upgrade an Overweight rating. On February 21, 2017, Deutsche Bank Upgrade a Buy rating and boosted its amount target on this stock to $12. On August 02, 2016, Seaport Global Securities Resumed a Neutral rating and boosted its target amount on this stock to $4. JP Morgan elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.86 and a peak of $12.09. Right now, according to Wall Street analyst the average 12-month amount target is $10.44. At the most recent market close, shares of Star Bulk Carriers Corp. [NASDAQ:SBLK] were valued at $8.52. According to the average price forecast, investors can expect a potential return of -6.3%.

FUNDAMENTAL ANALYSIS

Star Bulk Carriers Corp. [NASDAQ:SBLK] most recently reported quarterly sales of 200.22 billion, which represented growth of -7.40%. This publicly-traded organization’s revenue is $4,526,807 per employee, while its income is -$89,508 per employee. This company’s Gross Margin is currently 40.40%, its Pretax Margin is -1.97, and its Net Margin is -1.98. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.52, -1.06, 2.49 and -0.57 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 50.62 and the whole liability to whole assets at 48.88. It shows enduring liability to the whole principal at 44.15 and enduring liability to assets at 0.43 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 7.99 points at 1st support level, the second support level is making up to 7.74. But as of 1st resistance point, this stock is sitting at 8.64 and at 9.04 for 2nd resistance point.

Star Bulk Carriers Corp. [SBLK] reported its earnings at $0.28 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.27/share signifying the difference of 0.01 and 3.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.19 calling estimates for -$0.3/share with the difference of 0.11 depicting the surprise of 36.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Star Bulk Carriers Corp. [NASDAQ:SBLK] is 0.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.40. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.35, it’s amount to book ratio is 0.73 and showing 149.64 of P/E (TTM) ratio.