With 1.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.04 million shares. The 52-week range on SBLK shows that it touched its highest point at $27.47 and its lowest point at $12.06 during that stretch. It currently has a 1-year price target of $21.53. With its current market cap of 1.97 billion, SBLK has annualized dividend of $2.14 while the current yield stands at 12.74%. Beta for the stock currently stands at 0.96.
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 9.80%, but this was up by 23.71% over a month. Three-month performance surged to 5.00% while six-month performance fell -17.36%. The stock lost -34.63% in the past year, while it has gained 12.37% so far this year. A look at the trailing 12-month EPS for SBLK yields 1.97 with Next year EPS estimates of 3.41. For the next quarter, that number is 0.15. This implies an EPS growth rate of -36.81% for this year and 105.44% for next year.
Float and Shares Shorts:
At present, 117.13 million SBLK shares are outstanding with a float of 91.62 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.
