Star Bulk Carriers Corp [SBLK] stock is trading at $21.84, up 3.80%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SBLK shares have gain 5.61% over the last week, with a monthly amount glided 0.97%, and 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 [SBLK] stock has fluctuated between $17.65 and $27.47 over the past year. Currently, Wall Street analysts expect the stock to reach $27.33 within the next 12 months. Star Bulk Carriers Corp [NASDAQ: SBLK] shares were valued at $21.84 at the most recent close of the market. An investor can expect a potential return of 25.14% based on the average SBLK price forecast.
Analyzing the SBLK fundamentals
Star Bulk Carriers Corp [NASDAQ:SBLK] reported sales of 1.10B for the trailing twelve months, which represents a growth of 47.84%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.61.
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 21.45 points at the first support level, and at 21.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.06, and for the 2nd resistance point, it is at 22.28.
Ratios To Look Out For
For context, Star Bulk Carriers Corp’s Current Ratio is 1.51. As well, the Quick Ratio is 1.34, while the Cash Ratio is 1.01. Considering the valuation of this stock, the price to sales ratio is 2.36, the price to book ratio is 1.00 and price to earnings (TTM) ratio is 8.03.
Transactions by insiders
Recent insider trading involved Norton Hamish, Officer, that happened on Aug 12 ’24 when 16450.0 shares were purchased.
