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The price of Safe Bulkers, Inc (NYSE: SB) closed at $3.61 in the last session, up 0.84% from day before closing price of $3.58. In other words, the price has increased by $0.84 from its previous closing price. On the day, 0.64 million shares were traded. SB stock price reached its highest trading level at $3.645 during the session, while it also had its lowest trading level at $3.505.
Ratios:
We take a closer look at SB’s different ratios to gain a better understanding of the stock. 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.
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 385468576 and an Enterprise Value of 789936320. As of this moment, Safe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.03, and their Forward P/E ratio for the next fiscal year is 6.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.21 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 2.481 whereas that against EBITDA is 4.403.
Stock Price History:
The Beta on a monthly basis for SB is 0.90, which has changed by -0.084398985 over the last 52 weeks, in comparison to a change of 0.21794415 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 $3.31. The 50-Day Moving Average of the stock is -2.46%, while the 200-Day Moving Average is calculated to be -24.26%.
Shares Statistics:
According to the various share statistics, SB traded on average about 665.60K shares per day over the past 3-months and 617960 shares per day over the past 10 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 28.80% stake in the company. Shares short for SB as of 1736899200 were 1602553 with a Short Ratio of 2.41, compared to 1734048000 on 1724657. Therefore, it implies a Short% of Shares Outstanding of 1602553 and a Short% of Float of 2.78.
Dividends & Splits
The forward annual dividend rate for SB is 0.20, which was 0.05 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.013966481The stock’s 5-year Average Dividend Yield is 5.96.
