Star Bulk Carriers Corp. [SBLK] Revenue clocked in at $1.59 billion, up 24.83% YTD: What’s Next?

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Star Bulk Carriers Corp. [NASDAQ: SBLK] plunged by -$3.39 during the normal trading session on Wednesday and reaching a high of $30.62 during the day while it closed the day at $28.30. The company report on May 24, 2022 that Star Bulk Carriers Corp. Reports Net Profit of $170.4 Million for the First Quarter of 2022 and Declares Quarterly Dividend of $1.65 Per Share.


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Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter of 2022. 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.

Star Bulk Carriers Corp. stock has also loss -15.02% of its value over the past 7 days. However, SBLK stock has declined by -2.28% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.07% and gained 24.83% year-on date.

The market cap for SBLK stock reached $2.79 billion, with 101.98 million shares outstanding and 92.97 million shares in the current float. Compared to the average trading volume of 2.56M shares, SBLK reached a trading volume of 6673643 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $37.75 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 1.90. 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.

Jefferies have made an estimate for Star Bulk Carriers Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 27, 2022. The new note on the price target was released on February 23, 2022, representing the official price target for Star Bulk Carriers Corp. stock. Previously, the target price had yet another raise to $35, while H.C. Wainwright analysts kept a Buy rating on SBLK stock.

The Average True Range (ATR) for Star Bulk Carriers Corp. is set at 1.91, with the Price to Sales ratio for SBLK stock in the period of the last 12 months amounting to 1.76. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 4.31. Price to Free Cash Flow for SBLK in the course of the last twelve months was 7.81 with Quick ratio for the last quarter at 1.90.

SBLK stock trade performance evaluation

Star Bulk Carriers Corp. [SBLK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.02. With this latest performance, SBLK shares gained by 2.65% in over the last four-week period, additionally plugging by 20.07% over the last 6 months – not to mention a rise of 35.15% 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 40.29, with the RSI for the last a single of trading hit 33.11, and the three-weeks RSI is set at 44.29 for Star Bulk Carriers Corp. [SBLK]. The present Moving Average for the last 50 days of trading for this stock 30.00, while it was recorded at 31.16 for the last single week of trading, and 25.00 for the last 200 days.

Star Bulk Carriers Corp. [SBLK]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Star Bulk Carriers Corp. [SBLK] shares currently have an operating margin of +51.49 and a Gross Margin at +55.66. Star Bulk Carriers Corp.’s Net Margin is presently recorded at +47.68.

Return on Equity for this stock inclined to 37.50, with Return on Assets sitting at 19.59.

Star Bulk Carriers Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.10.

Star Bulk Carriers Corp. [SBLK]: Insider Ownership positions

There are presently around $1,764 million, or 56.40% 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 26,021,457, which is approximately 0.109% of the company’s market cap and around 19.80% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 2,576,600 shares of the stock with an approximate value of $81.65 million in SBLK stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $67.12 million in SBLK stock with ownership of nearly 2.301% of the company’s market capitalization.

Positions in Star Bulk Carriers Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 141 institutional holders increased their position in Star Bulk Carriers Corp. [NASDAQ:SBLK] by around 13,439,588 shares. Additionally, 56 investors decreased positions by around 8,908,487 shares, while 16 investors held positions by with 33,309,680 shares. The mentioned changes placed institutional holdings at 55,657,755 shares, according to the latest SEC report filing. SBLK stock had 77 new institutional investments in for a total of 4,559,786 shares, while 25 institutional investors sold positions of 1,265,077 shares during the same period.

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