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Safe Bulkers, Inc (NYSE: SB) closed the day trading at $3.40 down -3.95% from the previous closing price of $3.54. In other words, the price has decreased by -$3.95 from its previous closing price. On the day, 0.83 million shares were traded. SB stock price reached its highest trading level at $3.57 during the session, while it also had its lowest trading level at $3.4.
Ratios:
For a better understanding of SB, let’s look at its different 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 363045216 and an Enterprise Value of 767513792. As of this moment, Safe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.79, and their Forward P/E ratio for the next fiscal year is 5.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 2.41 whereas that against EBITDA is 4.278.
Stock Price History:
The Beta on a monthly basis for SB is 0.91, which has changed by -0.10152286 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, SB has reached a high of $6.33, while it has fallen to a 52-week low of $3.40. The 50-Day Moving Average of the stock is -14.14%, while the 200-Day Moving Average is calculated to be -30.36%.
Shares Statistics:
Over the past 3-months, SB traded about 639.74K shares per day on average, while over the past 10 days, SB traded about 674740 shares per day. 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 28.77% stake in the company. Shares short for SB as of 1734048000 were 1724657 with a Short Ratio of 2.70, compared to 1731628800 on 1771365. Therefore, it implies a Short% of Shares Outstanding of 1724657 and a Short% of Float of 2.9899999999999998.
Dividends & Splits
SB’s forward annual dividend rate is 0.20, up from 0.05 a year ago. Against a Trailing Annual Dividend Yield of 0.014124294The stock’s 5-year Average Dividend Yield is 5.96.
