Stock Chatter: A Look into Star Bulk Carriers Corp. (NASDAQ:SBLK) Shares

Star Bulk Carriers Corp. (NASDAQ:SBLK) currently has an Average Broker Rating of 1.42. The ABR rank within the industry stands at 141. This number is based on the 6 sell-side firms polled by Zacks.   

The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating.  Analysts on a consensus basis are expecting that the stock will reach $14 within the year.  

Most recently Star Bulk Carriers Corp. (NASDAQ:SBLK) posted quarterly earnings of $-0.21 which compared to the sell-side estimates of -0.22. The stock’s 12-month trailing earnings per share stands at $-1.71. Shares have moved $8.51 over the past month and more recently, $7.07 over the past week heading into the earnings announcement. There are 5 analyst projections that were taken into consideration from respected brokerage firms.

Research analysts are predicting that Star Bulk Carriers Corp. (NASDAQ:SBLK) will report earnings of $-0.05 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

Star Bulk Carriers Corp. (NASDAQ:SBLK) closed the last session at $8.93 and sees an average of 543809.75 shares trade hands in each session. The 52-week low of the stock stands at $2.66 while the current level stands at 60.81% of the 52-week High-Low range. Looking further out we can see that the stock has moved -19.4% over the past 12 weeks and 74.76% year to date.

5 analysts rate Star Bulk Carriers Corp. a Buy or Strong Buy, which is 83.33% of all the analyst ratings.

Doing the necessary homework, investors have a wealth of information about publically traded stocks. Figuring out which ones are going to steadily outperform can be a tricky task. Many investors opt to follow what covering sell-side analysts think about certain stocks. Following analyst updates to estimates and targets may help gauge overall stock sentiment. However, solely following analyst views may not be enough to put the entire investing puzzle together. Technical traders may want to still keep tabs on the fundamentals, and vice-versa. This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.

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