A share price of Star Bulk Carriers Corp [SBLK] is currently trading at $23.02, down -0.52%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SBLK shares have lost -2.87% over the last week, with a monthly amount drifted -2.62%, 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.
Star Bulk Carriers Corp experienced fluctuations in its stock price throughout the past year 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 $23.02 at the most recent close of the market. An investor can expect a potential return of 21.63% based on the average SBLK price forecast.
Analyzing the SBLK fundamentals
Trailing Twelve Months sales for Star Bulk Carriers Corp [NASDAQ:SBLK] were 949.27M which represents -10.63% decline. 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 22.84 points at the first support level, and at 22.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.17, and for the 2nd resistance point, it is at 23.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Star Bulk Carriers Corp [NASDAQ:SBLK] is 1.25. Further, the Quick Ratio stands at 1.08, while the Cash Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 2.75, the price to book ratio is 1.17 and price to earnings (TTM) ratio is 12.91.
