Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, Safe Bulkers, Inc (NYSE: SB) closed at $3.39 down -0.88% from its previous closing price of $3.42. In other words, the price has decreased by -$0.88 from its previous closing price. On the day, 0.55 million shares were traded. SB stock price reached its highest trading level at $3.45 during the session, while it also had its lowest trading level at $3.38.
Ratios:
For a deeper understanding of Safe Bulkers, Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.52.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on February 27, 2024, Upgraded its rating to Buy and sets its target price to $6 from $4 previously.
On September 26, 2022, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $5 to $4.
On July 21, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $5.Jefferies initiated its Buy rating on July 21, 2022, with a $5 target price.
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 361977440 and an Enterprise Value of 766446016. As of this moment, Safe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.78, and their Forward P/E ratio for the next fiscal year is 5.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 2.407 whereas that against EBITDA is 4.272.
Stock Price History:
Over the past 52 weeks, SB has reached a high of $6.33, while it has fallen to a 52-week low of $3.37. The 50-Day Moving Average of the stock is -11.40%, while the 200-Day Moving Average is calculated to be -29.58%.
Shares Statistics:
For the past three months, SB has traded an average of 658.85K shares per day and 611960 over the past ten days. A total of 106.77M shares are outstanding, with a floating share count of 58.39M. Insiders hold about 45.31% of the company’s shares, while institutions hold 28.78% stake in the company. Shares short for SB as of 1735603200 were 1657647 with a Short Ratio of 2.52, compared to 1732838400 on 1870680. Therefore, it implies a Short% of Shares Outstanding of 1657647 and a Short% of Float of 2.87.
Dividends & Splits
According to the company, the forward annual dividend rate for SB is 0.20, from 0.05 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014619883The stock’s 5-year Average Dividend Yield is 5.96.
