In the last trading session, 2,103,336 Safe Bulkers, Inc. (NYSE:SB) shares changed hands as the company’s beta touched 0.82. With the company’s per share price at $3.87 changed hands at -$0.03 or -0.01% during last session, the market valuation stood at $421.35 Million. SB’s last price was a discount, traded about -15.25% off its 52-week high of $4.46. The share price had its 52-week low at $0.82, which suggests the last value was 78.81% up since then. When we look at Safe Bulkers, Inc.’s average trading volume, we note the 10-day average is 2.87 Million shares, with the 3-month average coming to 1.82 Million.
Analysts gave the Safe Bulkers, Inc. (SB) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.5. If we narrow down to specifics, the data shows that 1 out of 4 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended SB as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. Safe Bulkers, Inc.’s EPS for the current quarter is expected to be $0.2.
Safe Bulkers, Inc. (NYSE:SB) trade information
Although SB has turned red as seen at the end of in last trading. With action -0.77%, the performance over the past five days has been red. The jump to weekly highs of $4.41- on Monday, Jun 14 added 12.24% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.98%, with the 5-day performance at -0.11% in the red. However, in the 30-day time frame, Safe Bulkers, Inc. (NYSE:SB) is -0.01% down. Looking at the short shares, we see there were 821.35 Million shares sold at short interest cover period of 451.29 days.
The consensus price target for the stock as assigned by Wall Street analysts is $4.75, meaning bulls need an upside of 22.74% from its current market value. According to analyst projections, SB’s forecast low is $3 with $8 as the target high. To hit the forecast high, the stock’s price needs a +106.72% upsurge from its current level, while the stock would need to tank -22.48% for it to hit the projected low.
Safe Bulkers, Inc. (SB) estimates and forecasts
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $67.96 Million. 2 analysts are of the opinion that Safe Bulkers, Inc.’s revenue for the quarter ending September 01, 2021 will be $75.12 Million. The company’s revenue for the corresponding quarters a year ago was $48.28 Million and $51.9 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 40.8%. The estimates for the next quarter sales put growth at 44.7%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.8%. The 2021 estimates are for Safe Bulkers, Inc. earnings to decrease by -677.8%, but the outlook for the next 5-year period is at 14% per year.
Safe Bulkers, Inc. (NYSE:SB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 52.25% of Safe Bulkers, Inc. shares while 17.14% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 35.89%. There are 94 institutions holding the Safe Bulkers, Inc. stock share, with Renaissance Technologies, LLC the top institutional holder. As of Mar 30, 2021, the company held 4.96% of the shares, roughly 5.07 Million SB shares worth $12.43 Million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 2.84% or 2.9 Million shares worth $7.1 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were iShares Russell 2000 ETF and iShares Russell 2000 Value ETF. With 1248108 shares estimated at $3.06 Million under it, the former controlled 1.22% of total outstanding shares. On the other hand, iShares Russell 2000 Value ETF held about 0.57% of the shares, roughly 585.65 Thousand shares worth around $1.43 Million.