Safe Bulkers, Inc (NYSE:SB) does about 555.80K shares in volume on a normal day but saw 1031246 shares change hands in the recent trading day. The company now has a market cap of 406.80M USD. Its current market price is $3.81, marking an increase of 1.33% compared to the previous close of $3.76. The 52 week high reached by this stock is $6.33 whilst the lowest price level in 52 weeks is $3.62.
Safe Bulkers, Inc (SB) has a 20-day trading average at $4.19 and the current price is -39.81% off the 52-week high compared with 5.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.46 and its 200-day simple moving average is $5.00. If we look at the stock’s price movements over the week, volatility stands at 3.48%, which decreases to 3.30% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 30.84 to suggest the stock is neutral.
The consensus objective for the share price is $5.40, suggesting that the stock has a potential upside of 29.44% over the period.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 27, 2024 when Jefferies upgraded the stock to “Buy” and issued a price target of between $4 and $6. Jefferies downgraded the stock to “Hold” from Buy on September 26, 2022 at a price target of $5-$4. Jefferies initiated its price target at $5.
The current price level is -8.99%, -14.62%, and -23.81% away from its SMA20, SMA50, and SMA200 respectively, with the SB price moving above the 50-day SMA on current market day. Safe Bulkers, Inc (SB) stock is down -6.62% over the week and -9.07% over the past month. Its price is -3.05% year-to-date and -4.27% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of 0.25 above consensus estimates by 0.08. The company’s next earnings report forecasts estimating quarterly EPS at 0.16 and 0.7 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $71.9M.
To reach the target analysts have set, the stock logically needs to grow 29.44 percent from here.
Outstanding shares total 106.77M with insiders holding 45.31% of the shares and institutional holders owning 28.53% of the company’s common stock. The company has a return on investment of 7.78% and return on equity of 13.22%. The price to earnings ratio (P/E ratio) amounts to 4.25 while the forward price to earnings ratio is 5.38. The beta has a value of 0.91. Price to book ratio is 0.49 and price to sales ratio is 1.28.
