Safe Bulkers, Inc [SB] stock prices are up 3.75% to $4.43 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SB shares have gain 1.84% over the last week, with a monthly amount drifted -0.45%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Safe Bulkers, Inc [NYSE: SB] stock has seen the most recent analyst activity on February 27, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $6 from $4. Previously, Jefferies downgraded its rating to Hold on September 26, 2022, and dropped its price target to $4. On July 21, 2022, Jefferies initiated with a Buy rating and assigned a price target of $5 on the stock. H.C. Wainwright initiated its recommendation with a Buy and recommended $6.50 as its price target on September 13, 2021. Stifel upgraded its rating to Buy for this stock on February 01, 2021, but kept the price target unchanged to $3. In a note dated January 29, 2021, Jefferies downgraded an Hold rating on this stock and boosted its target price from $1.50 to $1.75.
The stock price of Safe Bulkers, Inc [SB] has been fluctuating between $3.45 and $6.33 over the past year. Safe Bulkers, Inc [NYSE: SB] shares were valued at $4.43 at the most recent close of the market.
Analyzing the SB fundamentals
The Safe Bulkers, Inc [NYSE:SB] reported sales of 318.43M for trailing twelve months, representing a surge of 17.44%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 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 4.29 points at the first support level, and at 4.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.53, and for the 2nd resistance point, it is at 4.63.
Ratios To Look Out For
It’s worth pointing out that Safe Bulkers, Inc [NYSE:SB]’s Current Ratio is 1.34. Also, the Quick Ratio is 1.34, while the Cash Ratio stands at 1.33. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 0.57 and price to earnings (TTM) ratio is 4.94.
