While Safe Bulkers, Inc has overperformed by 0.87%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SB rose by 23.73%, with highs and lows ranging from $4.71 to $2.97, whereas the simple moving average jumped by 31.54% in the last 200 days.
On February 27, 2024, Jefferies Upgraded Safe Bulkers, Inc (NYSE: SB) to Buy. A report published by Jefferies on September 26, 2022, Downgraded its rating to ‘Hold’ for SB. Jefferies also rated SB shares as ‘Buy’, setting a target price of $5 on the company’s shares in an initiating report dated July 21, 2022. Jefferies Initiated an Hold rating on April 27, 2022, and assigned a price target of $4.50. H.C. Wainwright initiated its ‘Buy’ rating for SB, as published in its report on September 13, 2021. Stifel’s report from February 01, 2021 suggests a price prediction of $3 for SB shares, giving the stock a ‘Buy’ rating. Jefferies also rated the stock as ‘Hold’.
Analysis of Safe Bulkers, Inc (SB)
Investors in Safe Bulkers, Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.25 per share. Further, the quarter-over-quarter decrease in sales is -5.04%, showing a negative trend in the upcoming months.
One of the most important indicators of Safe Bulkers, Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 9.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.07, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and SB is recording 868.92K average volume. On a monthly basis, the volatility of the stock is set at 3.34%, whereas on a weekly basis, it is put at 2.95%, with a gain of 4.04% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.43, showing growth from the present price of $4.64, which can serve as yet another indication of whether SB is worth investing in or should be passed over.
How Do You Analyze Safe Bulkers, Inc Shares?
The Marine Shipping market is dominated by Safe Bulkers, Inc (SB) based in the Monaco. When comparing Safe Bulkers, Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.59, there is a growth in quarterly earnings of -16.97%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 43.37%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 21.98% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SB shares are owned by institutional investors to the tune of 21.98% at present.
