On Friday, Star Bulk Carriers Corp (NASDAQ: SBLK) opened lower -1.94% from the last session, before settling in for the closing price of $15.45. Price fluctuations for SBLK have ranged from $15.34 to $27.47 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 16.71% annually for the last half of the decade. Company’s average yearly earnings per share was noted 47.35% at the time writing. With a float of $112.66 million, this company’s outstanding shares have now reached $117.89 million.
In an organization with 216 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 36.7%, operating margin of 30.58%, and the pretax margin is 24.73%.
Star Bulk Carriers Corp (SBLK) Insider Updates
A key investor’s attitude towards the stock of the Marine Shipping industry is another important factor to consider. The insider ownership of Star Bulk Carriers Corp is 5.19%, while institutional ownership is 40.89%. The most recent insider transaction that took place on Aug 12 ’24, was worth 344,956.
Star Bulk Carriers Corp (SBLK) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 47.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.47% 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
Check out the current performance indicators for Star Bulk Carriers Corp (SBLK). In the past quarter, the stock posted a quick ratio of 1.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.45. Likewise, its price to free cash flow for the trailing twelve months is 4.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.96, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 3.09 in one year’s time.
Technical Analysis of Star Bulk Carriers Corp (SBLK)
Let’s dig in a bit further. During the last 5-days, its volume was 2.64 million. That was better than the volume of 1.66 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 4.18%. Additionally, its Average True Range was 0.49.
During the past 100 days, Star Bulk Carriers Corp’s (SBLK) raw stochastic average was set at 1.03%, which indicates a significant decrease from 2.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.53% in the past 14 days, which was lower than the 30.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.11, while its 200-day Moving Average is $22.47. However, in the short run, Star Bulk Carriers Corp’s stock first resistance to watch stands at $15.39. Second resistance stands at $15.63. The third major resistance level sits at $15.79. If the price goes on to break the first support level at $14.98, it is likely to go to the next support level at $14.82. Assuming the price breaks the second support level, the third support level stands at $14.58.
Star Bulk Carriers Corp (NASDAQ: SBLK) Key Stats
There are currently 84,017K shares outstanding in the company with a market cap of 1.77 billion. Presently, the company’s annual sales total 949,270 K according to its annual income of 173,560 K. Last quarter, the company’s sales amounted to 344,280 K and its income totaled 81,270 K.
