In Thursday’s Wall Street session, Star Bulk Carriers Corp (NASDAQ:SBLK) shares traded at $16.40, down -0.61% from the previous session.
SBLK stock price is now 6.66% away from the 50-day moving average and -17.10% away from the 200-day moving average. The market capitalization of the company currently stands at $1.95B.
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With the price target enhanced from $19.30 to $20.20, DNB Markets Upgraded its rating from Sell to Hold for Star Bulk Carriers Corp (NASDAQ: SBLK). On October 23, 2024, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $30 to quote $21, while ‘DNB Markets’ rates the stock as ‘Sell’
In other news, Koert Erhardt, Self bought 11,500 shares of the company’s stock on Dec 18 ’24. The stock was bought for $173,000 at an average price of $15.04. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 30 ’24, Director Zagari Raffaele bought 11,500 shares of the business’s stock. A total of $172,500 was incurred on buying the stock at an average price of $15.00. A total of 5.19% of the company’s stock is owned by insiders.
During the past 12 months, Star Bulk Carriers Corp has had a low of $14.30 and a high of $27.47. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 1.65, and a quick ratio of 1.49. According to the stock market information, the enterprise value for the company is $2913276416, which is based on a 5.73 price-to-earnings ratio, a 0.35 price-to-earnings-growth ratio, and a beta of 0.77. The fifty day moving average price for SBLK is $15.3764 and a two-hundred day moving average price translates $19.7835 for the stock.
The latest earnings results from Star Bulk Carriers Corp (NASDAQ: SBLK) was released for 2024-12-31. The net profit margin was 24.07% and return on equity was 14.71% for SBLK. The company reported revenue of $344.28 million for the quarter, compared to $223.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 54.32 percent.
