Is Star Bulk Carriers Corp (NASDAQ: SBLK) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Star Bulk and Eagle Bulk Shipping to Combine, Creating a Global Leader in Dry Bulk Shipping.

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Stocks Info

SBLK belongs to the Industrials sector of the NASDAQ while operating in the Marine Shipping industry. At the end of the last regular session, the stock closed at $21.33 and fluctuated between $21.50 as its day high and $21.01 as its day low. The current market capitalization of Star Bulk Carriers Corp is $2.00B. A total of 0.78 million shares were traded on the day, compared to an average of 1.07M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Star Bulk Carriers Corp pays an annual dividend of $1.35, resulting in a dividend yield of 6.33%, and it has a price to earnings (P/E) ratio of 9.86. SBLK’s most recent ex-dividend date was 12/4/2023 when it declared a $0.22 quarterly dividend that was paid in cash on 12/18/2023. Previously, the company paid the dividend on 9/7/2023 with an ex-dividend date of 8/21/2023. The SBLK stock dividend was $0.40 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SBLK in the last 3 months, the mean price target is $23.94 with high estimates of $29.50 and low estimates of $20.00. In terms of 52-week highs and lows, SBLK has a high of $25.03 and a low of $16.57.

As of this writing, SBLK has an earnings estimate of $Star Bulk Carriers Corp. per share for the current quarter. EPS was calculated based on a consensus of BlackRock, Inc. estimates, with a high estimate of $Silk Road Medical, Inc. per share and a lower estimate of $Splunk Inc.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SBLK’s latest balance sheet shows that the firm has $450.29M in Cash & Short Term Investments as of fiscal 2021. There were $1.59B in debt and $290.80M in liabilities at the time. Its Book Value Per Share was $19.45, while its Total Shareholder’s Equity was $2.08B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 SBLK is Buy with a score of 5.00.

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