SBLK stock: buy or sell?

SBLK stock price: $10.78 1.22% At close on December 6th, 2019

Updated on:
December 6th, 2019

0

Star Bulk Carriers gained a fine 1.22% and closed at $10.78.

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport bulk commodities, including ores, coal, grains, fertilizers, and steel products.

Should I buy SBLK stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Star Bulk Carriers stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean SBLK will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Star Bulk Carriers stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we found 1 rating published for SBLK stock in the last month.

Is SBLK a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-2-15Morgan StanleyOverweightEqual Weight

SBLK stock analysis

Daily outlook

Star Bulk Carriers shares gained 1.22% to $10.78 today.

Star Bulk Carriers shares gained 1.22% to $10.78 today. Since SMA100d and SMA200d crossed up on August, SBLK price climbed $0.83 per share (8.34%). On August SBLK price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock.

SBLK stock chart (daily)

Weekly outlook

Shares of Star Bulk Carriers ended this week at $10.78 and depreciated a rough -1.91%. Early November SBLK collapsed a bloodcurdling -10.33% in just one week. By mid November SBLK skyrocketed a super good 5.95% in just one week.

Star Bulk Carriers is in a clear downtrend, marking successive declining tops and bottoms. Now is trading in between the - range. There is an opportunity to rebound and reverse this situation if price can hold above the level. Since SMA20d and SMA40w crossed up by mid August, SBLK price climbed $1.53 per share (16.54%). Since late June when SBLK stock price broke up the SMA40w line, it gained $2.42 (28.95%).

SBLK stock chart (weekly)

SBLK stock price history

SBLK IPO was on December 3rd, 2007 at $710.27 per share1. Since then, SBLK stock lost a -98.50%, with a yearly average of -8.20%.

1: Adjusted price after possible price splits or reverse-splits.

SBLK stock historical price chart

SBLK stock reached 52-week highs on October 24th at $11.75, and all-time highs 2007-12-04 with a price of 733.94.

SBLK stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not detected any price target for Star Bulk Carriers stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Star Bulk Carriers presented its financial report, posting a superb growth for the Earnings per Share (EPS). Experts were expecting $0.27 per share, but Star Bulk Carriers posted $0.33.
SBLK earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.28n/a
2017-Q2-n/a-0.17n/a
2017-Q32017-11-20-0.05-0.12n/a
2017-Q42018-02-270.210.3776.2%
2018-Q12018-06-110.170.185.9%
2018-Q22018-08-070.180.2116.7%
2018-Q32018-11-200.380.35-7.9%
2018-Q42019-02-110.270.3322.2%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an extraordinary increase of 96.27% to $651.56 M dollars. In line, its profit margin (compared to sales) climbed to 8.96%, that is $58.40 million.

SBLK annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$70 M-$1.85 M2.6%-
2014$147 M110.88%$-11.72 M-8.0%-733.68%
2015$234 M58.96%$-458.18 M-195.6%3,808.36%
2016$222 M-5.20%$-154.23 M-69.4%-66.34%
2017$332 M49.47%$-9.77 M-2.9%-93.66%
2018$652 M96.27%$58 M9.0%-697.66%

Quarterly financial results

Star Bulk Carriers reported $209.43 M in revenues for 2018-Q4, a 11.12% up compared to previous quarter. Reported quarter income marked $11.72 M with a profit margin of 5.59%. Profit margin eased a -8.23% compared to previous quarter when profit margin was 13.82%. When comparing sales to same quarter last year, Star Bulk Carriers sales marked a dazzling growth and skyrocketed a 94.45%. Looking back to recent quarterly results, Star Bulk Carriers posted 7 positive quarters in a row.
SBLK quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$65 M-$-16 M-24.6%-
2017-Q2$79 M21.18%$-10 M-13.1%-35.55%
2017-Q3$81 M2.78%$-7 M-9.2%-27.76%
2017-Q4$108 M33.30%$24 M22.2%-421.63%
2018-Q1$121 M12.39%$10 M8.2%-58.55%
2018-Q2$133 M9.54%$11 M8.1%8.36%
2018-Q3$188 M42.13%$26 M13.8%142.86%
2018-Q4$209 M11.12%$12 M5.6%-55.04%

Star Bulk Carriers ownership

When you are planning to invest in shares of a stock, it's always worth to check its ownership structure.

Star Bulk Carriers shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 9.92% of all shares.

In case of Star Bulk Carriers stock, 58.17% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for SBLK stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related companies:

SBLKDSXESEA
Market cap$1.0 B$322.2 M$21.0 M
Total shares95.7 M96.8 M44.7 M
Float shares41.8 M62.6 M10.9 M
  - Institutional holdings (%)58.2%43.2%18.9%
  - Insider holdings (%)9.9%20.2%47.5%
Shares in short selling0.0%0.0%0.0%

SBLK summary

Friday, December 6th, 2019
Open$10.76
Close$10.78
Day range$10.71 - $10.92
Previous close$10.65
Session gain1.22%
Average true range$0.42
50d mov avg$10.59
100d mov avg$10.34
200d mov avg$9.18
Daily pattern
Weekly pattern lt02a

Star Bulk Carriers performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose Diana Shipping and Euroseas as the bechmarking frame for Star Bulk Carriers stock.
Stock3m6m12m
SBLKStar Bulk Carrier...1.32%35.94%14.32%
DSXDiana Shipping-2.63%10.63%-3.76%
ESEAEuroseas-25.40%-25.40%-48.91%

Star Bulk Carriers competitors

Defining a list of competitors for Star Bulk Carriers it's a hard job. We selected 2 public companies that are related to and can be considered as competitors of Star Bulk Carriers: