Star Bulk Carriers Corp. [NASDAQ: SBLK] gained 3.38% or 0.64 points to close at $19.60 with a heavy trading volume of 2200150 shares. The company report on August 6, 2021 that Star Bulk Carriers Corp. Reports Net Profit of $124.2 Million for the Second Quarter of 2021; Declares Quarterly Dividend of $0.70 per Share and Announces Share Repurchase Program of Up to $50.0 Million.
Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the second quarter of 2021. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to “we,” “us,” “our,” or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries.
It opened the trading session at $19.10, the shares rose to $19.77 and dropped to $19.04, the range by which the price of stock traded the whole day. The daily chart for SBLK points out that the company has recorded 77.70% gains over the past six months. However, it is still -220.26% lower than its most recent low trading price.
If we look at the average trading volume of 1.90M shares, SBLK reached to a volume of 2200150 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Star Bulk Carriers Corp. [SBLK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SBLK shares is $27.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SBLK stock is a recommendation set at 1.60. 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.
DNB Markets have made an estimate for Star Bulk Carriers Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 29, 2020. The new note on the price target was released on March 09, 2020, representing the official price target for Star Bulk Carriers Corp. stock. On March 01, 2018, analysts increased their price target for SBLK shares from 11 to 12.
The Average True Range (ATR) for Star Bulk Carriers Corp. is set at 0.95, with the Price to Sales ratio for SBLK stock in the period of the last 12 months amounting to 2.78. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 1.94.
Trading performance analysis for SBLK stock
Star Bulk Carriers Corp. [SBLK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.24. With this latest performance, SBLK shares dropped by -5.54% in over the last four-week period, additionally plugging by 77.70% over the last 6 months – not to mention a rise of 172.98% 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 SBLK stock in for the last two-week period is set at 51.00, with the RSI for the last a single of trading hit 56.19, and the three-weeks RSI is set at 49.68 for Star Bulk Carriers Corp. [SBLK]. The present Moving Average for the last 50 days of trading for this stock 20.38, while it was recorded at 19.20 for the last single week of trading, and 14.47 for the last 200 days.
Star Bulk Carriers Corp. [SBLK]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Star Bulk Carriers Corp. [SBLK] shares currently have an operating margin of +9.55 and a Gross Margin at +16.87. Star Bulk Carriers Corp.’s Net Margin is presently recorded at +1.40.
Return on Total Capital for SBLK is now 2.12, given the latest momentum, and Return on Invested Capital for the company is 0.33. Return on Equity for this stock inclined to 0.62, with Return on Assets sitting at 0.30. When it comes to the capital structure of this company, Star Bulk Carriers Corp. [SBLK] has a Total Debt to Total Equity ratio set at 100.74. Additionally, SBLK Total Debt to Total Capital is recorded at 50.18, with Total Debt to Total Assets ending up at 48.91. Long-Term Debt to Equity for the company is recorded at 88.49, with the Long-Term Debt to Total Capital now at 44.08.
Reflecting on the efficiency of the workforce at the company, Star Bulk Carriers Corp. [SBLK] managed to generate an average of $53,667 per employee. Receivables Turnover for the company is 13.96 with a Total Asset Turnover recorded at a value of 0.22.Star Bulk Carriers Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.10.
An analysis of insider ownership at Star Bulk Carriers Corp. [SBLK]
There are presently around $1,167 million, or 50.40% of SBLK stock, in the hands of institutional investors. The top three institutional holders of SBLK stocks are: OAKTREE CAPITAL MANAGEMENT LP with ownership of 39,006,017, which is approximately 0% of the company’s market cap and around 19.80% of the total institutional ownership; FMR LLC, holding 3,474,922 shares of the stock with an approximate value of $68.11 million in SBLK stocks shares; and DRIEHAUS CAPITAL MANAGEMENT LLC, currently with $39.42 million in SBLK stock with ownership of nearly New of the company’s market capitalization.
Positions in Star Bulk Carriers Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 62 institutional holders increased their position in Star Bulk Carriers Corp. [NASDAQ:SBLK] by around 12,225,876 shares. Additionally, 31 investors decreased positions by around 7,105,066 shares, while 12 investors held positions by with 40,203,684 shares. The mentioned changes placed institutional holdings at 59,534,626 shares, according to the latest SEC report filing. SBLK stock had 40 new institutional investments in for a total of 10,385,562 shares, while 16 institutional investors sold positions of 877,115 shares during the same period.