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After finishing at $3.63 in the prior trading day, Safe Bulkers, Inc (NYSE: SB) closed at $3.57, down -1.65%. In other words, the price has decreased by -$1.65 from its previous closing price. On the day, 0.66 million shares were traded. SB stock price reached its highest trading level at $3.62 during the session, while it also had its lowest trading level at $3.5212.
Ratios:
Our goal is to gain a better understanding of SB by taking a closer 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 381197440 and an Enterprise Value of 785665344. As of this moment, Safe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.98, and their Forward P/E ratio for the next fiscal year is 6.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 0.46. Its current Enterprise Value per Revenue stands at 2.467 whereas that against EBITDA is 4.379.
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 $3.63. The 50-Day Moving Average of the stock is -14.90%, while the 200-Day Moving Average is calculated to be -28.09%.
Shares Statistics:
The stock has traded on average 604.72K shares per day over the past 3-months and 810110 shares per day over the last 10 days, according to various share statistics. 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 28.76% stake in the company. Shares short for SB as of 1732838400 were 1870680 with a Short Ratio of 3.09, compared to 1730332800 on 1727261. Therefore, it implies a Short% of Shares Outstanding of 1870680 and a Short% of Float of 3.2399999999999998.
Dividends & Splits
In the trailing 12 months, SB’s forward annual dividend rate was 0.05, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.013774104The stock’s 5-year Average Dividend Yield is 5.96.
