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As of close of business last night, Safe Bulkers, Inc’s stock clocked out at $3.28, up 7.54% from its previous closing price of $3.05. In other words, the price has increased by $7.54 from its previous closing price. On the day, 0.88 million shares were traded. SB stock price reached its highest trading level at $3.35 during the session, while it also had its lowest trading level at $3.02.
Ratios:
To gain a deeper understanding of SB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 and its Current Ratio is at 1.91. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.58.
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 345285600 and an Enterprise Value of 751280192. As of this moment, Safe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.95, and their Forward P/E ratio for the next fiscal year is 3.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12 while its Price-to-Book (P/B) ratio in mrq is 0.42. Its current Enterprise Value per Revenue stands at 2.442 whereas that against EBITDA is 4.419.
Stock Price History:
The Beta on a monthly basis for SB is 1.22, which has changed by -0.31666666 over the last 52 weeks, in comparison to a change of 0.049593568 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 $3.02. The 50-Day Moving Average of the stock is -10.61%, while the 200-Day Moving Average is calculated to be -24.43%.
Shares Statistics:
It appears that SB traded 665.35K shares on average per day over the past three months and 706810 shares per day over the past ten days. A total of 105.29M shares are outstanding, with a floating share count of 56.90M. Insiders hold about 45.95% of the company’s shares, while institutions hold 28.87% stake in the company. Shares short for SB as of 1741910400 were 1095610 with a Short Ratio of 1.65, compared to 1739491200 on 1357076. Therefore, it implies a Short% of Shares Outstanding of 1095610 and a Short% of Float of 2.96.
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 0.065573774The stock’s 5-year Average Dividend Yield is 5.96.
