Star Bulk Carriers Corp. [SBLK] Moved Up 1.32: Why It’s Important


Star Bulk Carriers Corp. [NASDAQ: SBLK] Thursday traded at a higher level, registering a gain of 1.32, after which it closed the day’s session at $19.90. The company reported on November 16, 2022 that Star Bulk Carriers Corp reported a net profit of $109.7 million for the third quarter of 2022 and declared a quarterly dividend of $1.20 per share.


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The results of the trading session contributed to the change of hands of more than 3029715 shares. In the past one week, Star Bulk Carriers Corp price volatility is 6.15%, while in the past one month volatility is 4.49%.

The market cap for SBLK stock reached $1.93 billion, with 102.22 million shares outstanding and 93.36 million shares in the current float. Compared to the average trading volume of 2.28M shares, SBLK reached a trading volume of 3029715 shares in the most recent trading day, which is why market watchdogs consider the stock active.

What top market gurus say about Star Bulk Carriers Corp? [SBLK],

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on the target price for SBLK shares is $30.86 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on SBLK stock is a recommendation at 1.70. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

Jefferies has an outlook for shares of Star Bulk Carrier Corp on July 21, 2022, keeping its opinion on the stock as Buy, in line with its previous recommendation. While these analysts kept the previous recommendation, Jefferies raised their target price to buy. The new note on price target was issued on April 27, 2022, which represents the official price target for Star Bulk Carriers Corp stock. Previously, the target price was raised once again to $30, while analysts at Pareto maintained a Hold rating on SBLK stock.

The Average True Range (ATR) for Star Bulk Carrier Corp is set at 0.99, The Price to Sales ratio for SBLK stock over the trailing 12 months period is 1.14. The Price to Book ratio for the previous quarter was 0.97, the Price to Cash per share for the same quarter was set at 3.45. Free Cash Flow for SBLK over the trailing twelve months was 4.65, with a quick ratio of 1.80 for the last quarter.

How has SBLK stock performed recently?

Star Bulk Carriers Corp. [SBLK] Moved to the green zone at the end of last week, in a positive trend and rising by 0.10. With this latest performance, SBLK shares are up by 2.00% over the last four-week period as well as down by -38.22% in the last 6 months – not to mention a 6.53% gain in the last year of trading .

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for the last two-week period for SBLK stock is set at 52.88, with the RSI for the last one trading hit 53.98, and the three-week RSI for Star Bulk Carriers Corp. is set at 51.05. [SBLK], The current moving average of this stock for last 50 days of trade is 19.37, while for last one week it was recorded at 20.28 and for last 200 days it was 25.25.

Star Bulk Carriers Corp. [SBLK]: Deep Insight into the Fundamentals

Operating margin for any stock indicates how profitable an investment will be, and Star Bulk Carrier Corp. [SBLK] The shares currently have an Operating Margin of +51.49 and Gross Margin at +55.66. The Net Margin of Star Bulk Carriers Corp is currently recorded at +47.68.

The Return on Equity for this stock is tilted at 37.50, with the Return on Assets sitting at 19.59.

Star Bulk Carriers Corp.’s liquidity data is equally compelling, with a quick ratio of 1.80 and a current ratio set at 2.10.

Insider trade positions for Star Bulk Carriers Corp. [SBLK]

Institutional investors currently hold approximately $944 million, or 55.70% of SBLK stock, in their hands. The top three institutional holders of SBLK stock are: Oaktree Capital Management LP with ownership of 26,021,457, which is around 0% of company’s market cap and around 19.80% of total institutional ownership; ALLIANCEBERNSTEIN LP holds 6,547,542 shares of SBLK stock with an approximate value of $130.3 million in SBLK stock shares; and Morgan Stanley, currently owning approximately -8.781% of the company’s market capitalization with $19.71M in SBLK stock.

Positions in Star Bulk Carriers Corporation shares held by institutional investors increased at the end of November and during the November reporting period, where 89 institutional holders increased their positions in Star Bulk Carriers Corporation. [NASDAQ:SBLK] By approximately 5,921,693 shares. Additionally, 97 investors reduced positions by approximately 12,365,404 shares, while 25 investors maintained positions by 29,129,297 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 47,416,394 shares. There were 28 new institutional investments for a total of 1,063,168 shares in SBLK stock, while 48 institutional investors sold 3,152,559 shares during the same period.

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