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The closing price of Safe Bulkers, Inc (NYSE: SB) was $3.84 for the day, up 0.52% from the previous closing price of $3.82. In other words, the price has increased by $0.52 from its previous closing price. On the day, 0.27 million shares were traded. SB stock price reached its highest trading level at $3.865 during the session, while it also had its lowest trading level at $3.81.
Ratios:
Our analysis of SB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.56.
On February 27, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $4 to $6.
Jefferies Downgraded its Buy to Hold on September 26, 2022, whereas the target price for the stock was revised from $5 to $4.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SB now has a Market Capitalization of 392870400 and an Enterprise Value of 792376128. As of this moment, Safe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.74, and their Forward P/E ratio for the next fiscal year is 4.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 2.729 whereas that against EBITDA is 5.193.
Stock Price History:
The Beta on a monthly basis for SB is 1.21, which has changed by -0.33448875 over the last 52 weeks, in comparison to a change of 0.092761636 over the same period for the S&P500. Over the past 52 weeks, SB has reached a high of $6.22, while it has fallen to a 52-week low of $3.02. The 50-Day Moving Average of the stock is 7.47%, while the 200-Day Moving Average is calculated to be -2.05%.
Shares Statistics:
SB traded an average of 478.10K shares per day over the past three months and 386140 shares per day over the past ten days. A total of 105.27M shares are outstanding, with a floating share count of 55.30M. Insiders hold about 45.95% of the company’s shares, while institutions hold 29.95% stake in the company. Shares short for SB as of 1748563200 were 2198547 with a Short Ratio of 4.60, compared to 1745971200 on 1730767. Therefore, it implies a Short% of Shares Outstanding of 2198547 and a Short% of Float of 6.47.
Dividends & Splits
With its trailing 12-month dividend rate of 0.2, SB has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 0.052356023The stock’s 5-year Average Dividend Yield is 5.96.
