SBLK stock: buy or sell?

SBLK stock price: $10.46 1.26% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

2

Star Bulk Carriers shares appreciated 1.26% to $10.46 today. With Thursday, it's been 5 green sessions in a row, adding $1.25 or 13.56%. On Friday SBLK skyrocketed an extraordinary 6.69%. On August/14 SBLK plummed a bloodcurdling -5.42%.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Only 1 of our buy setups matches with Star Bulk Carriers stock now:

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MAYes

Is Star Bulk Carriers stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 2 ratings published for SBLK stock in the last 30 days.

Is SBLK a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-2-15Morgan StanleyOverweightEqual Weight
2019-1-4DNB Marketsn/aBuy

SBLK stock analysis

Daily outlook

Shares of Star Bulk Carriers ended today at $10.46 and appreciated a nice 1.26%.

Shares of Star Bulk Carriers ended today at $10.46 and appreciated a nice 1.26%. Since SMA100d and SMA200d crossed up on August 20th, SBLK price climbed $0.46 per share (4.60%). Since price and SMA200d lines crossed up on August 8th, SBLK climbed $1.74 (19.95%).

SBLK stock chart (daily)

Weekly outlook

Star Bulk Carriers shares skyrocketed 5.98% this week, ending at $10.46. Late July SBLK plummed a dreadful -15.43% in just one week. For 3 weeks in a row, price soared and marked a profit of 13.94%.

SBLK shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $8.36 early August. Previous top ($11.56) will play as a resistance in possible new gains. Since last week when SMA20w and SMA40w crossed up, SBLK price gained $1.17 per share (12.59%). Since price and SMA40w lines crossed up late June, SBLK climbed $2.06 (24.52%).

SBLK stock chart (weekly)

SBLK stock price history

SBLK stock went public on December 3rd, 2007 with a price of $713.601. Since then, SBLK stock sliced a -98.50%, with a yearly average of -9.00%.

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

SBLK stock historical price chart

SBLK stock reached 52-week highs on October at $15.38, and all-time highs 2007-12-04 with a price of 737.38.

SBLK stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not found 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 reported its latest financial data, posting a phenomenal gain for the Earnings per Share (EPS). Analyst 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

In 2018, Star Bulk Carriers annual turnover boosted an exceptional 96.27% to $651.56 M dollars from $331.98 marked in 2017. When comparing 2018 vs 2017, aligned with this, profit margin (that is, the net income divided by revenues) rocketed a 11.91% to 8.96%.

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 million in sales for 2018-Q4, a 11.12% up compared to previous quarter. Reported quarter earnings marked $11.72 M with a profit margin of 5.59%. Profit margin slipped a -8.23% compared to previous quarter when profit margin was 13.82%. When comparing turnover to same quarter last year, Star Bulk Carriers sales marked an extraordinary 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 buy shares of a company, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Star Bulk Carriers, 9.92% of all outstanding shares are owned by its staff.

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.

The following table compares ownership indicators for other stocks related to Star Bulk Carriers:

SBLKDRYSDSXESEA
Market cap$0.0 M$450.1 M$364.9 M$8.1 M
Total shares0.0 M86.9 M105.8 M12.5 M
Float shares46.3 M14.5 M61.7 M3.4 M
  - Institutional holdings (%)58.2%0.8%43.2%18.9%
  - Insider holdings (%)9.9%83.4%20.2%47.5%
Shares in short selling0.0%0.0%0.0%0.0%

SBLK summary

Thursday, August 22nd, 2019
Open$10.41
Close$10.46
Day range$10.32 - $10.60
Previous close$10.33
Session gain1.26%
Average true range$0.53
50d mov avg$9.66
100d mov avg$8.80
200d mov avg$8.69
Daily pattern
Weekly pattern lb03a

Star Bulk Carriers performance

To better understand Star Bulk Carriers performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Star Bulk Carriers performance to DryShips, Diana Shipping and Euroseas:
Stock3m6m12m
SBLKStar Bulk Carrier...40.97%33.76%-22.17%
DRYSDryShips38.13%-1.33%7.02%
DSXDiana Shipping7.14%16.55%-19.77%
ESEAEuroseas-4.41%6.56%-58.60%

Star Bulk Carriers competitors

We chose a few stocks to conform a list of Star Bulk Carriers competitors to watch if you are interested in investing in SBLK: