Stocks of Safe Bulkers, Inc (NYSE:SB) traded higher last session on Wall Street, down -0.55% to $3.59.
SB stock price is now -0.03% away from the 50-day moving average and -23.55% away from the 200-day moving average. The market capitalization of the company currently stands at $383.30M.
With the price target maintained at $4.20, DNB Markets recently Upgraded its rating from Hold to Buy for Safe Bulkers, Inc (NYSE: SB). On February 27, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $4 to quote $6, while the Jefferies previously rated the stock as ‘Hold’ on September 26, 2022.
A total of 45.33% of the company’s stock is owned by insiders.
During the past 12 months, Safe Bulkers, Inc has had a low of $3.31 and a high of $6.33. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 1.34, and a quick ratio of 1.34. According to the stock market information, the enterprise value for the company is $787813888, which is based on a 4.00 price-to-earnings ratio, a 0.24 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for SB is $3.5912 and a two-hundred day moving average price translates $4.69575 for the stock.
The latest earnings results from Safe Bulkers, Inc (NYSE: SB) was released for 2024-09-30. The net profit margin was 30.66% and return on equity was 13.22% for SB. The company reported revenue of $75.92 million for the quarter, compared to $64.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.44 percent.
