At the time of writing, Star Bulk Carriers Corp [SBLK] stock is trading at $23.80, down -1.00%. An important factor to consider is whether the stock is rising or falling in short-term value. The SBLK shares have lost -1.12% over the last week, with a monthly amount drifted -1.41%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Star Bulk Carriers Corp [NASDAQ: SBLK] stock has seen the most recent analyst activity on July 21, 2022, when Jefferies initiated its Buy rating and assigned the stock a price target of $30. On February 23, 2022, downgrade downgraded it’s rating to Hold but maintained its price target of $30 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $35 on September 13, 2021. DNB Markets upgraded its rating to a Buy. DNB Markets downgraded its rating to Hold for this stock on March 09, 2020, but kept the price target unchanged to $10.40. In a note dated February 15, 2019, Morgan Stanley downgraded an Equal-Weight rating on this stock.
For the past year, the stock price of Star Bulk Carriers Corp fluctuated between $16.57 and $25.16. Currently, Wall Street analysts expect the stock to reach $28 within the next 12 months. Star Bulk Carriers Corp [NASDAQ: SBLK] shares were valued at $23.80 at the most recent close of the market. An investor can expect a potential return of 17.65% based on the average SBLK price forecast.
Analyzing the SBLK fundamentals
According to Star Bulk Carriers Corp [NASDAQ:SBLK], the company’s sales were 949.27M for trailing twelve months, which represents an -10.63% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.74.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.52 points at the first support level, and at 23.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.23, and for the 2nd resistance point, it is at 24.65.
Star Bulk Carriers Corp [SBLK] reported earnings per share of $0.73 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.73/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.34 per share as compared to estimates of $0.27 per share, a difference of $0.07 representing a surprise of 25.90%.
Ratios To Look Out For
It is important to note that Star Bulk Carriers Corp [NASDAQ:SBLK] has a current ratio of 1.25. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 2.11, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 13.35.
