The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Safe Bulkers, Inc (NYSE: SB) closed at $3.86 down -7.88% from its previous closing price of $4.19. In other words, the price has decreased by -$7.88 from its previous closing price. On the day, 1.13 million shares were traded. SB stock price reached its highest trading level at $3.995 during the session, while it also had its lowest trading level at $3.61.
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 1.74 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.60.
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 394916576 and an Enterprise Value of 828184640. As of this moment, Safe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.04, and their Forward P/E ratio for the next fiscal year is 4.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.42 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 2.853 whereas that against EBITDA is 5.427.
Stock Price History:
The Beta on a monthly basis for SB is 1.18, which has changed by -0.21862346 over the last 52 weeks, in comparison to a change of 0.16821623 over the same period for the S&P500. Over the past 52 weeks, SB has reached a high of $5.43, while it has fallen to a 52-week low of $3.02. The 50-Day Moving Average of the stock is -0.23%, while the 200-Day Moving Average is calculated to be 1.99%.
Shares Statistics:
For the past three months, SB has traded an average of 394.92K shares per day and 473710 over the past ten days. A total of 102.31M shares are outstanding, with a floating share count of 55.29M. Insiders hold about 45.96% of the company’s shares, while institutions hold 30.36% stake in the company. Shares short for SB as of 1752537600 were 1434366 with a Short Ratio of 3.63, compared to 1749772800 on 1965049. Therefore, it implies a Short% of Shares Outstanding of 1434366 and a Short% of Float of 4.22.
Dividends & Splits
According to the company, the forward annual dividend rate for SB is 0.20, from 0.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 5.96.
Earnings Estimates
The stock of Safe Bulkers, Inc (SB) is currently being evaluated by 2.0 analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $0.27, with high estimates of $0.33 and low estimates of $0.21.
Analysts are recommending an EPS of between $0.37 and $0.37 for the fiscal current year, implying an average EPS of $0.37. EPS for the following year is $0.79, with 2.0 analysts recommending between $1.13 and $0.45.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $66.78M this quarter.It ranges from a high estimate of $66.78M to a low estimate of $66.78M. As of the current estimate, Safe Bulkers, Inc’s year-ago sales were $79.24MFor the next quarter, 1 analysts are estimating revenue of $77.33M. There is a high estimate of $77.33M for the next quarter, whereas the lowest estimate is $77.33M.
A total of 1 analysts have provided revenue estimates for SB’s current fiscal year. The highest revenue estimate was $265.65M, while the lowest revenue estimate was $265.65M, resulting in an average revenue estimate of $265.65M. In the same quarter a year ago, actual revenue was $290.9MBased on 2 analysts’ estimates, the company’s revenue will be $306.66M in the next fiscal year. The high estimate is $332.7M and the low estimate is $280.62M.
