Let’s start up with the current stock price of Safe Bulkers Inc. (SB), which is $4.82 to be very precise. The Stock rose vividly during the last session to $4.89 after opening rate of $4.36 while the lowest price it went was recorded $4.30 before closing at $4.13.Recently in News on August 2, 2021, Safe Bulkers, Inc. Entered into a Bareboat Charter Agreement with a Purchase Option for a Capesize Class Dry-bulk Vessel. Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that in relation to its fleet renewal strategy, it has entered into a twelve-month bareboat charter agreement, with a down payment by the Company of $4.5 million on signing, a payment of $4.5 million on delivery of the vessel to the Company scheduled for the fourth quarter of 2021, a payment of a daily charter rate of $14,500 over the period of the bareboat charter and a purchase option in favor of the Company at the end of the charter period of $18.0 million for the acquisition of a 2012, Japanese-built, dry-bulk 181,000 dwt, Capesize class vessel. You can read further details here
Safe Bulkers Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.89 on 09/13/21, with the lowest value was $1.31 for the same time period, recorded on 01/04/21.
Safe Bulkers Inc. (SB) full year performance was 372.55%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Safe Bulkers Inc. shares are logging 8.07% during the 52-week period from high price, and 485.52% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.82 and $4.46.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 7824797 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Safe Bulkers Inc. (SB) recorded performance in the market was 270.77%, having the revenues showcasing 24.23% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 566.16M, as it employees total of 827 workers.
Safe Bulkers Inc. (SB) in the eye of market guru’s
During the last month, 0 analysts gave the Safe Bulkers Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.72, with a change in the price was noted +2.06. In a similar fashion, Safe Bulkers Inc. posted a movement of +74.64% for the period of last 100 days, recording 1,773,367 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SB is recording 0.86 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.81.
Safe Bulkers Inc. (SB): Stocks Technical analysis and Trends
Raw Stochastic average of Safe Bulkers Inc. in the period of last 50 days is set at 96.34%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 95.45%. In the last 20 days, the company’s Stochastic %K was 83.36% and its Stochastic %D was recorded 79.54%.
If we look into the earlier routines of Safe Bulkers Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 270.77%. Additionally, trading for the stock in the period of the last six months notably improved by 66.78%, alongside a boost of 372.55% for the period of the last 12 months. The shares increased approximately by 15.31% in the 7-day charts and went down by 40.52% in the period of the last 30 days. Common stock shares were driven by 24.23% during last recorded quarter.