Star Bulk Carriers Corp (NASDAQ:SBLK) has a beta value of 0.99 and has seen 0.86 million shares traded in the recent trading session. The company, currently valued at $2.39B, closed the recent trade at $20.10 per share which meant it gained $0.18 on the day or 0.90% during that session. The SBLK stock price is -36.67% off its 52-week high price of $27.47 and 10.9% above the 52-week low of $17.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.44 million shares traded. The 3-month trading volume is 1.69 million shares.
The consensus among analysts is that Star Bulk Carriers Corp (SBLK) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 12 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.99.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Star Bulk Carriers Corp (NASDAQ:SBLK) trade information
Sporting 0.90% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SBLK stock price touched $20.10 or saw a rise of 7.59%. Year-to-date, Star Bulk Carriers Corp shares have moved -5.44%, while the 5-day performance has seen it change -6.01%. Over the past 30 days, the shares of Star Bulk Carriers Corp (NASDAQ:SBLK) have changed -4.63%. Short interest in the company has seen 1.71 million shares shorted with days to cover at 0.84.
Wall Street analysts have a consensus price target for the stock at $25, which means that the shares’ value could jump 19.6% from the levels at last check today. The projected low price target is $19.3 while the price target rests at a high of $32.0. In that case, then, we find that the latest price level in today’s session is -59.2% off the targeted high while a plunge would see the stock lose 3.98% from the levels at last check today.
Star Bulk Carriers Corp (SBLK) estimates and forecasts
Figures show that Star Bulk Carriers Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -12.97% over the past 6 months, with this year growth rate of 91.85%, compared to -2.10% for the industry. Revenue growth from the last financial year stood is estimated to be 28.70%.
5 analysts offering their estimates for the company have set an average revenue estimate of 305.05M for the current quarter. 5 have an estimated revenue figure of 352.06M for the next ending quarter.
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 18.28% over the past 5 years. Earnings growth for 2024 is a modest 105.39% while over the next 5 years, the company’s earnings are expected to increase by 9.92%.
SBLK Dividends
Star Bulk Carriers Corp is expected to release its next earnings report on 2024-Aug-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.12 at a share yield of 10.55%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 15.06%.
Star Bulk Carriers Corp (NASDAQ:SBLK)’s Major holders
The top two institutional holders are OAKTREE CAPITAL MANAGEMENT LP with over 7.97 million shares worth more than $194.22 million. As of 2024-06-30, OAKTREE CAPITAL MANAGEMENT LP held 9.5024% of shares outstanding.
The other major institutional holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, with the holding of over 4.19 million shares as of 2024-06-30. The firm’s total holdings are worth over $102.24 million and represent 5.0022% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are BNY Mellon Natural Resources Fund and Pioneer Multi-Asset Income Fund. As of Jun 30, 2024, the former fund manager holds about 0.53% shares in the company for having 596.87 shares of worth $11.94 million while later fund manager owns 523.61 shares of worth $10.48 million as of Aug 31, 2024, which makes it owner of about 0.46% of company’s outstanding stock.
