Safe Bulkers Inc. [NYSE: SB] slipped around -0.54 points on Tuesday, while shares priced at $3.87 at the close of the session, down -12.24%. The company report on May 12, 2021 that Safe Bulkers, Inc. Pursues its Fleet Renewal and Deleveraging Strategy:.
Acquisition of Two Post-Panamax Newbuilds.
Sale of Two Kamsarmax Vessels.
Safe Bulkers Inc. stock is now 197.69% up from its year-to-date (YTD) trading value. SB Stock saw the intraday high of $4.35 and lowest of $3.85 per share. The company’s 52-week high price is 4.46, which means current price is +195.42% above from all time high which was touched on 05/24/21.
Compared to the average trading volume of 1.39M shares, SB reached a trading volume of 2916186 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Safe Bulkers Inc. [SB]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SB shares is $3.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SB stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Safe Bulkers Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 01, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price from $1.50 to $1.75. The new note on the price target was released on January 29, 2021, representing the official price target for Safe Bulkers Inc. stock. Previously, the target price had yet another raise to $1.50, while DNB Markets analysts kept a Buy rating on SB stock.
The Average True Range (ATR) for Safe Bulkers Inc. is set at 0.34, with the Price to Sales ratio for SB stock in the period of the last 12 months amounting to 1.84. The Price to Book ratio for the last quarter was 0.84, with the Price to Cash per share for the same quarter was set at 1.11. Price to Free Cash Flow for SB in the course of the last twelve months was 3.97.
How has SB stock performed recently?
Safe Bulkers Inc. [SB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.02. With this latest performance, SB shares gained by 29.43% in over the last four-week period, additionally plugging by 261.68% over the last 6 months – not to mention a rise of 303.38% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SB stock in for the last two-week period is set at 54.62, with the RSI for the last a single of trading hit 50.11, and the three-weeks RSI is set at 56.96 for Safe Bulkers Inc. [SB]. The present Moving Average for the last 50 days of trading for this stock 3.10, while it was recorded at 4.05 for the last single week of trading, and 1.88 for the last 200 days.
Safe Bulkers Inc. [SB]: Deeper insight into the fundamentals
Safe Bulkers Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.20.
Earnings analysis for Safe Bulkers Inc. [SB]
With the latest financial reports released by the company, Safe Bulkers Inc. posted -0.16/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -77.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Safe Bulkers Inc. go to 14.00%.
Insider trade positions for Safe Bulkers Inc. [SB]
There are presently around $70 million, or 17.10% of SB stock, in the hands of institutional investors. The top three institutional holders of SB stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 5,072,386, which is approximately 9.999% of the company’s market cap and around 67.90% of the total institutional ownership; BLACKROCK INC., holding 2,897,493 shares of the stock with an approximate value of $11.21 million in SB stocks shares; and FMR LLC, currently with $4.09 million in SB stock with ownership of nearly 105815800% of the company’s market capitalization.
45 institutional holders increased their position in Safe Bulkers Inc. [NYSE:SB] by around 5,663,642 shares. Additionally, 16 investors decreased positions by around 490,255 shares, while 12 investors held positions by with 12,012,756 shares. The mentioned changes placed institutional holdings at 18,166,653 shares, according to the latest SEC report filing. SB stock had 18 new institutional investments in for a total of 1,851,505 shares, while 5 institutional investors sold positions of 124,395 shares during the same period.