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Wednesday, February 1, 2023

What Are The Chances Of Star Bulk Carriers Corp. (NASDAQ: SBLK) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Star Bulk Carriers Corp. (SBLK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.06, or 0.29%, to $20.86. The Star Bulk Carriers Corp. has recorded 19,034 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that 16 Companies to Participate in Capital Link’s Corporate Presentation Series.

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Stocks Info

As a NASDAQ listed company, SBLK falls under the Industrials sector while operating within the Marine Shipping industry segment. At the end of the last regular session, the stock closed at $20.80 and fluctuated between $21.03 as its day high and $20.70 as its day low. The current market capitalization of Star Bulk Carriers Corp. is $2.16B. A total of 1.21 million shares were traded on the day, compared to an average of 1.72M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SBLK has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Star Bulk Carriers Corp. pays an annual dividend of $4.80, resulting in a dividend yield of 23.08%, and it has a price to earnings (P/E) ratio of 2.39. SBLK’s most recent ex-dividend date was 11/29/2022 when it declared a $1.20 quarterly dividend that was paid in cash on 12/12/2022. Previously, the company paid the dividend on 9/8/2022 with an ex-dividend date of 8/24/2022. The SBLK stock dividend was $1.65 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SBLK in the last 3 months, the mean price target is $28.43 with high estimates of $34.00 and low estimates of $22.00. In terms of 52-week highs and lows, SBLK has a high of $33.99 and a low of $16.85.

As of this writing, SBLK has an earnings estimate of $1.39 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $1.49 per share and a lower estimate of $1.26. The company reported an EPS of $1.72 in the last quarter, which was 17.00% higher than expectations of $1.47.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SBLK is Overweight with a score of 5.00. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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