With 1.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.67 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $21.31 whereas the lowest price it dropped to was $21.01. The 52-week range on SBLK shows that it touched its highest point at $27.47 and its lowest point at $17.56 during that stretch. It currently has a 1-year price target of $31.24. With its current market cap of 2.50 billion, SBLK has annualized dividend of $2.12 while the current yield stands at 10.08%. Beta for the stock currently stands at 0.98.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SBLK was up-trending over the past week, with a rise of 2.89%, but this was down by -1.50% over a month. Three-month performance dropped to -11.34% while six-month performance fell -10.85%. The stock gained 17.94% in the past year, while it has lost -1.03% so far this year. A look at the trailing 12-month EPS for SBLK yields 2.72 with Next year EPS estimates of 4.26. For the next quarter, that number is 0.90. This implies an EPS growth rate of 105.69% for this year and 12.58% for next year.
Float and Shares Shorts:
At present, 118.83 million SBLK shares are outstanding with a float of 112.66 million shares on hand for trading. On 2024-08-30, short shares totaled 2.55 million, which was 223.99999999999997 higher than short shares on 1722384000. In addition to Mr. Petros Alexandros Pappas as the firm’s Founder, CEO & Director, Mr. Hamish Norton serves as its President.
Institutional Ownership:
Through their ownership of 0.45993 of SBLK’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, SBLK reported revenue of $352875000.0 and operating income of $111504000.0. The EBITDA in the recently reported quarter was $158812000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBLK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
