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Saturday, December 9, 2023

Investors’ Patience Is Being Tested Right Now By Safe Bulkers, Inc (NYSE: SB)

After Hours

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. After-hours trades for Safe Bulkers, Inc (SB) shows that investor sentiment remained same, with the stock’s consolidated last price to $3.48. The Safe Bulkers, Inc has recorded 9,404 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Safe Bulkers, Inc. Announces Sale of a 2004-built Panamax Class Dry-bulk Vessel.

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Stocks Info

Safe Bulkers, Inc is listed on the NYSE as a member of the Industrials sector and is a part of the Marine Shipping industry. At the end of the last regular session, the stock closed at $3.48 and fluctuated between $3.4900 as its day high and $3.4000 as its day low. The current market capitalization of Safe Bulkers, Inc is $388.37M. A total of 0.74 million shares were traded on the day, compared to an average of 420.46K shares.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Safe Bulkers, Inc pays an annual dividend of $0.20, resulting in a dividend yield of 5.78%, and it has a price to earnings (P/E) ratio of 5.29. SB’s most recent ex-dividend date was 11/24/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 12/14/2023. Previously, the company paid the dividend on 9/1/2023 with an ex-dividend date of 8/17/2023. The SB stock dividend was $0.05 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SB in the last 3 months, the mean price target is $3.89 with high estimates of $4.80 and low estimates of $2.85. In terms of 52-week highs and lows, SB has a high of $3.85 and a low of $2.59.

As of this writing, SB has an earnings estimate of $Block, Inc. per share for the current quarter. EPS was calculated based on a consensus of Sea Limited estimates, with a high estimate of $U.S. Bancorp per share and a lower estimate of $BlackBerry Limited.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SB’s latest balance sheet shows that the firm has $102.08M in Cash & Short Term Investments as of fiscal 2021. There were $377.65M in debt and $88.69M in liabilities at the time. Its Book Value Per Share was $6.92, while its Total Shareholder’s Equity was $679.24M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 SB is Buy with a score of 3.00.

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