SB Stock Summary and Trading Ideas (Safe Bulkers Common ($0.001 Par Value) | NYSE:SB)

Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services.

Safe Bulkers Common ($0.001 Par Value) trades on the NYSE stock market under the symbol SB.

As of April 19, 2024, SB stock price climbed to $4.81 with 305,295 million shares trading.

SB has a beta of 0.71, meaning it tends to be less sensitive to market movements. SB has a correlation of 0.08 to the broad based SPY ETF.

SB has a market cap of $536.78 million. This is considered a Small Cap stock.

Last quarter Safe Bulkers Common ($0.001 Par Value) reported $82 million in Revenue and $.25 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.08.

In the last 3 years, SB stock traded as high as $5.44 and as low as $2.29.

The top ETF exchange traded funds that SB belongs to (by Net Assets): IWM, AVUV, IWN, BSVO, VTWO.

SB has outperformed the market in the last year with a price return of +33.2% while the SPY ETF gained +21.2%. SB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +19.7% and -3.4%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

SB support price is $4.70 and resistance is $4.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SB stock will trade within this expected range on the day.