SBLK Stock Summary and Trading Ideas (Star Bulk Carriers Corp. - Common Shares | NASDAQ:SBLK)

Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax. It generates revenues through the voyages it carries out.

Star Bulk Carriers Corp. - Common Shares trades on the NASDAQ stock market under the symbol SBLK.

As of September 19, 2024, SBLK stock price climbed to $21.84 with 2,177,362 million shares trading.

SBLK has a beta of 0.83, meaning it tends to be less sensitive to market movements. SBLK has a correlation of 0.15 to the broad based SPY ETF.

SBLK has a market cap of $2.49 billion. This is considered a Mid Cap stock.

Last quarter Star Bulk Carriers Corp. - Common Shares reported $353 million in Revenue and $.78 earnings per share. This beat revenue expectation by $71 million and missed earnings estimates by -$.05.

In the last 3 years, SBLK stock traded as high as $33.99 and as low as $16.57.

The top ETF exchange traded funds that SBLK belongs to (by Net Assets): AVUV, VYM, FNDA, PRFZ, DVYE.

SBLK has outperformed the market in the last year with a price return of +34.3% while the SPY ETF gained +29.9%. However, in the short term, SBLK had mixed performance relative to the market. It has underperformed in the last 3 months, returning -5.0% vs +4.4% return in SPY. But in the last 2 weeks, SBLK shares have fared better than the market returning +6.3% compared to SPY +3.6%.

SBLK support price is $20.63 and resistance is $21.45 (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 SBLK stock will trade within this expected range on the day.