Star Bulk Carriers Corp. (NASDAQ:SBLK) has a beta value of 1.04 and has seen 0.67 million shares traded in the recent trading session. The company, currently valued at $2.22B, closed the recent trade at $20.52 per share which meant it lost -$0.12 on the day or -0.58% during that session. The SBLK stock price is -65.64% off its 52-week high price of $33.99 and 13.26% above the 52-week low of $17.80. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.64 million shares traded. The 3-month trading volume is 2.64 million shares.
The consensus among analysts is that Star Bulk Carriers Corp. (SBLK) is a Buy stock at the moment, with a recommendation rating of 1.90. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 8 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.75.
Star Bulk Carriers Corp. (NASDAQ:SBLK) trade information
Sporting -0.58% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the SBLK stock price touched $20.52 or saw a rise of 1.49%. Year-to-date, Star Bulk Carriers Corp. shares have moved -8.95%, while the 5-day performance has seen it change -2.37%. Over the past 30 days, the shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) have changed -17.41%. Short interest in the company has seen 3.87 million shares shorted with days to cover at 1.47.
Wall Street analysts have a consensus price target for the stock at $31.88, which means that the shares’ value could jump 35.63% from the levels at last check today. The projected low price target is $22.00 while the price target rests at a high of $40.00. In that case, then, we find that the latest price level in today’s session is -94.93% off the targeted high while a plunge would see the stock gain -7.21% from the levels at last check today.
Star Bulk Carriers Corp. (SBLK) estimates and forecasts
Figures show that Star Bulk Carriers Corp. shares have underperformed across the wider relevant industry. The company’s shares have lost -30.25% over the past 6 months, with this year growth rate of -3.37%, compared to 17.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 38.90% and -1.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be -5.10%.
6 analysts offering their estimates for the company have set an average revenue estimate of $331.27 million for the current quarter. 6 have an estimated revenue figure of $375.72 million for the next quarter concluding in Sep 2022. Year-ago sales stood $304.25 million and $354.84 million respectively for this quarter and the next, and analysts expect sales will grow by 8.90% for the current quarter and 5.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 32.40% over the past 5 years.
Star Bulk Carriers Corp. is expected to release its next earnings report between February 15 and February 21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 6.60 at a share yield of 31.98%. The company’s dividend yield has gone up over the past 12 months.
Star Bulk Carriers Corp. (NASDAQ:SBLK)’s Major holders
Insiders own 9.10% of the company shares, while shares held by institutions stand at 56.60% with a share float percentage of 62.26%. Investors are also buoyed by the number of investors in a company, with Star Bulk Carriers Corp. having a total of 235 institutions that hold shares in the company. The top two institutional holders are Oaktree Capital Management Lp with over 26.02 million shares worth more than $772.58 million. As of Mar 30, 2022, Oaktree Capital Management Lp held 25.44% of shares outstanding.
The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 2.58 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $76.5 million and represent 2.52% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Emerging Markets Dividend ETF and Goldman Sachs Emerging Markets Equity Insights Fund. As of Jun 29, 2022, the former fund manager holds about 0.36% shares in the company for having 0.36 million shares of worth $9.08 million while later fund manager owns 0.34 million shares of worth $9.67 million as of Apr 29, 2022, which makes it owner of about 0.34% of company’s outstanding stock.