SBLK stock: buy or sell?
August 22nd, 2019
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:
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||Yes|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-2-15||Morgan Stanley||Overweight||Equal Weight|
SBLK stock analysis
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%).
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 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 targetPredicting 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 ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|2013||$70 M||-||$1.85 M2.6%||-|
|2014||$147 M||110.88%||$-11.72 M-8.0%||-733.68%|
|2015||$234 M||58.96%||$-458.18 M-195.6%||3,808.36%|
|2016||$222 M||-5.20%||$-154.23 M-69.4%||-66.34%|
|2017||$332 M||49.47%||$-9.77 M-2.9%||-93.66%|
|2018||$652 M||96.27%||$58 M9.0%||-697.66%|
Quarterly financial resultsStar 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.
|2017-Q1||$65 M||-||$-16 M-24.6%||-|
|2017-Q2||$79 M||21.18%||$-10 M-13.1%||-35.55%|
|2017-Q3||$81 M||2.78%||$-7 M-9.2%||-27.76%|
|2017-Q4||$108 M||33.30%||$24 M22.2%||-421.63%|
|2018-Q1||$121 M||12.39%||$10 M8.2%||-58.55%|
|2018-Q2||$133 M||9.54%||$11 M8.1%||8.36%|
|2018-Q3||$188 M||42.13%||$26 M13.8%||142.86%|
|2018-Q4||$209 M||11.12%||$12 M5.6%||-55.04%|
Star Bulk Carriers ownershipWhen 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:
|Market cap||$0.0 M||$450.1 M||$364.9 M||$8.1 M|
|Total shares||0.0 M||86.9 M||105.8 M||12.5 M|
|Float shares||46.3 M||14.5 M||61.7 M||3.4 M|
|- Institutional holdings (%)||58.2%||0.8%||43.2%||18.9%|
|- Insider holdings (%)||9.9%||83.4%||20.2%||47.5%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$10.32 - $10.60|
|Average true range||$0.53|
|50d mov avg||$9.66|
|100d mov avg||$8.80|
|200d mov avg||$8.69|
Star Bulk Carriers performanceTo 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:
|SBLKStar Bulk Carrier...||40.97%||33.76%||-22.17%|