Safe Bulkers Inc. (NYSE:SB) currently has a daily average trading volume of 923.22K but it saw 1012315 shares traded on Wednesday. With a market cap of 409.34M USD, stock’s current market price of $3.58 came falling about -2.45 while comparing to the previous closing price of $3.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.12 and as low as $2.35. In the recent trading on the day, stock has struck highest price mark of $3.67 while lowest mark touched by it was $3.561.
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Taking a look at 20-day trading activity of Safe Bulkers Inc. (SB) gives us an average price of $3.60, while its current price level is -30.08% below from 52-week high level whereas it is 52.27% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.63 while that of 200 days or SMA-200 reads an average of $3.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.73% during that period while stretching the period over a month that increases to 2.99%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.86 which implies that the stock is in neutral territory.
Safe Bulkers Inc. (SB)’s stock is currently under the radar of 4 analysts who are in consensus at a 12-month price target range of between $2.85 and $7.10 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.85 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $7.10. Average price target assigned by them is $5.14 which highlights an upside potential of 30.35% for the stock over that period. And to attain the median price target of $5.30 assigned by those analysts, stock has to add about 32.45% of value to its current levels.
Data by FactSet Research shows that 4 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, SB’s stock price is moving -1.92% down while it is -2.19% when we observe its performance for the past one month. Year-to-date it is 23.02% up and over the past year, the stock is showing a downside performance of -23.01%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.1 beaten by the consensus estimate of $0.16 for the same. The company is expected to be releasing its next quarterly report in 07/26/2023, for which analysts forecasted an EPS of $0.16 while estimate for next year EPS is $0.96. For SB, analysts are forecasting an EPS-growth rate of -27.30% for current year and estimate for EPS growth in next year is 21.90%. In next quarter, company is expected to be making quarterly sales of $81.37 million as analysts are expecting the sales for current fiscal year at $318.21 million and seeing the company making $358.62 million in sales next year. Moreover, analysts are in estimates of $68.11 million for current-quarter revenue.
Currently, Safe Bulkers Inc.’s total number of outstanding shares is 113.38M with 40.70% of that held by the insiders while 25.12% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 15.60% and return on equity (ROE) at 19.70%. It has a price to earnings ratio (P/E ratio) of 2.64 while having a 3.17 of forward P/E ratio. Stock’s beta reads 0.87. Stock has a price to book (P/B) ratio of 0.53 while price to sale or P/S ratio amounts to 1.17. Its return on asset (ROA) is 11.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Russell 2000 ETF came shrinking its share ownership by -1.44% in the Safe Bulkers Inc. (SB) decreasing its stake to 1.29% with control over 22480.0 shares in the company. In the most recent quarter, Avantis US Small Cap Value ETF came rising its stake by 0.57% in the company and now holds 0.77 million or 0.65% of the company’s stake having worth of about 2.8 million.
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