Safe Bulkers, Inc (NYSE: SB) kicked off on Tuesday, down -2.27% from the previous trading day ,before settling in for the closing price of $4.85. Over the past 52 weeks, SB has traded in a range of $2.97-$5.15.
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Annual sales at Industrials sector company grew by 11.24% over the past five years. While this was happening, its average annual earnings per share was recorded 36.42%. With a float of $63.22 million, this company’s outstanding shares have now reached $111.61 million.
Let’s look at the performance matrix of the company that is accounted for 1102 employees.
Safe Bulkers, Inc (SB) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Marine Shipping Industry. The insider ownership of Safe Bulkers, Inc is 43.36%, while institutional ownership is 22.27%.
Safe Bulkers, Inc (SB) Latest Financial update
In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.23 earnings per share (EPS), higher than consensus estimate (set at $0.17) by $0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 36.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.00% during the next five years compared to 30.64% growth over the previous five years of trading.
Safe Bulkers, Inc (NYSE: SB) Trading Performance Indicators
Take a look at Safe Bulkers, Inc’s (SB) current performance indicators. Last quarter, stock had a quick ratio of 2.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.61, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.70 in one year’s time.
Technical Analysis of Safe Bulkers, Inc (SB)
Safe Bulkers, Inc (NYSE: SB) saw its 5-day average volume 0.75 million, a negative change from its year-to-date volume of 0.91 million. As of the previous 9 days, the stock’s Stochastic %D was 15.28%. Additionally, its Average True Range was 0.12.
During the past 100 days, Safe Bulkers, Inc’s (SB) raw stochastic average was set at 78.31%, which indicates a significant increase from 10.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.11% in the past 14 days, which was lower than the 29.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.61, while its 200-day Moving Average is $3.74. Nevertheless, the first resistance level for the watch stands at $4.83 in the near term. At $4.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.99. If the price goes on to break the first support level at $4.67, it is likely to go to the next support level at $4.60. The third support level lies at $4.51 if the price breaches the second support level.
Safe Bulkers, Inc (NYSE: SB) Key Stats
The company with the Market Capitalisation of 529.08 million has total of 111,608K Shares Outstanding. Its annual sales at the moment are 284,400 K in contrast with the sum of 77,350 K annual income. Company’s last quarter sales were recorded 82,290 K and last quarter income was 27,610 K.
