Star Bulk Carriers Corp (NASDAQ: SBLK) on Tuesday, plunged -2.12% from the previous trading day, before settling in for the closing price of $20.33. Within the past 52 weeks, SBLK’s price has moved between $17.92 and $27.47.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 16.71%. The company achieved an average annual earnings per share of 79.00%. With a float of $112.66 million, this company’s outstanding shares have now reached $118.83 million.
Considering the fact that the conglomerate employs 216 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 35.4%, operating margin of 29.25%, and the pretax margin is 24.05%.
Star Bulk Carriers Corp (SBLK) Breakdown of a Key Holders of the stock
Observing investor behavior towards Marine Shipping industry stocks is more important than anything else. The insider ownership of Star Bulk Carriers Corp is 5.19%, while institutional ownership is 44.39%. The most recent insider transaction that took place on Aug 12 ’24, was worth 344,956.
Star Bulk Carriers Corp (SBLK) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 79.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.77% during the next five years compared to 18.28% growth over the previous five years of trading.
Star Bulk Carriers Corp (NASDAQ: SBLK) Trading Performance Indicators
Star Bulk Carriers Corp (SBLK) is currently performing well based on its current performance indicators. A quick ratio of 1.34 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.15. Likewise, its price to free cash flow for the trailing twelve months is 6.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.72, a number that is poised to hit 0.71 in the next quarter and is forecasted to reach 3.80 in one year’s time.
Technical Analysis of Star Bulk Carriers Corp (SBLK)
Compared to the last year’s volume of 1.59 million, its volume of 1.55 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 76.95%. Additionally, its Average True Range was 0.46.
During the past 100 days, Star Bulk Carriers Corp’s (SBLK) raw stochastic average was set at 15.48%, which indicates a significant decrease from 60.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.40% in the past 14 days, which was lower than the 29.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.84, while its 200-day Moving Average is $23.00. Nevertheless, the first resistance level for the watch stands at $20.19 in the near term. At $20.47, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.67. If the price goes on to break the first support level at $19.71, it is likely to go to the next support level at $19.51. Now, if the price goes above the second support level, the third support stands at $19.23.
Star Bulk Carriers Corp (NASDAQ: SBLK) Key Stats
Market capitalization of the company is 2.36 billion based on 84,017K outstanding shares. Right now, sales total 949,270 K and income totals 173,560 K. The company made 352,880 K in profit during its latest quarter, and 106,080 K in sales during its previous quarter.
