With 2.47 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.21 million shares. The 52-week range on SBLK shows that it touched its highest point at $27.47 and its lowest point at $14.30 during that stretch. It currently has a 1-year price target of $21.38. With its current market cap of 1.84 billion, SBLK has annualized dividend of $2.50 while the current yield stands at 16.11%. Beta for the stock currently stands at 1.05.
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 down-trending over the past week, with a drop of -3.00%, but this was up by 4.16% over a month. Three-month performance dropped to -16.69% while six-month performance fell -28.08%. The stock lost -32.96% in the past year, while it has gained 3.81% so far this year. A look at the trailing 12-month EPS for SBLK yields 2.86 with Next year EPS estimates of 3.35. For the next quarter, that number is -0.26. This implies an EPS growth rate of -34.11% for this year and 93.04% 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.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBLK since 12 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.69022 being high and $2.56576 being low. For SBLK, this leads to a yearly average estimate of $2.63278. Based on analyst estimates, the high estimate for the next quarter is $0.44 and the low estimate is -$0.01. The average estimate for the next quarter is thus $0.23.
