Star Bulk Carriers Corp (NASDAQ: SBLK) kicked off on Tuesday, down -2.01% from the previous trading day, before settling in for the closing price of $20.44. Over the past 52 weeks, SBLK has traded in a range of $18.92-$27.47.
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Annual sales at Industrials sector company grew by 16.71% over the past five years. While this was happening, its average annual earnings per share was recorded 69.22%. With a float of $112.66 million, this company’s outstanding shares have now reached $118.83 million.
Let’s look at the performance matrix of the company that is accounted for 216 employees. In terms of profitability, gross margin is 35.4%, operating margin of 30.63%, and the pretax margin is 24.05%.
Star Bulk Carriers Corp (SBLK) 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 Star Bulk Carriers Corp is 5.19%, while institutional ownership is 41.09%. The most recent insider transaction that took place on Aug 12 ’24, was worth 344,956.
Star Bulk Carriers Corp (SBLK) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 69.22% 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
Take a look at Star Bulk Carriers Corp’s (SBLK) current performance indicators. Last quarter, stock had a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.17. Likewise, its price to free cash flow for the trailing twelve months is 6.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.72, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 3.32 in one year’s time.
Technical Analysis of Star Bulk Carriers Corp (SBLK)
Star Bulk Carriers Corp (NASDAQ: SBLK) saw its 5-day average volume 1.49 million, a negative change from its year-to-date volume of 1.58 million. As of the previous 9 days, the stock’s Stochastic %D was 71.25%. Additionally, its Average True Range was 0.44.
During the past 100 days, Star Bulk Carriers Corp’s (SBLK) raw stochastic average was set at 17.54%, which indicates a significant decrease from 67.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.66% in the past 14 days, which was lower than the 29.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.83, while its 200-day Moving Average is $22.96. Nevertheless, the first resistance level for the watch stands at $20.21 in the near term. At $20.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.65. If the price goes on to break the first support level at $19.77, it is likely to go to the next support level at $19.52. The third support level lies at $19.33 if the price breaches the second support level.
Star Bulk Carriers Corp (NASDAQ: SBLK) Key Stats
The company with the Market Capitalisation of 2.38 billion has total of 84,017K Shares Outstanding. Its annual sales at the moment are 949,270 K in contrast with the sum of 173,560 K annual income. Company’s last quarter sales were recorded 352,880 K and last quarter income was 106,080 K.
