Safe Bulkers Inc. (SB): Analysis On Industrials Stock

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Safe Bulkers Inc. (NYSE:SB) changes shares on Friday trading session, with a change of -7.14% or -$0.09 shares. The trading starts at $1.26 and closed at $1.26 throughout the day. The trading session low price was $1.16 and day high was $1.26 on Friday, June 26. After the session, the Industrials sector daily volume shifted to 0.36 million while its average volume is 261.30K. In other hand, the SB market cap reached to $124.08M.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -9.30% and up 18.21% for month. Its quarterly performance was 8.33% above, while its half year performance is down -33.52%. SB yearly performance stood at negative -24.03% and fall -31.18% for year-to-date. Current recommendation for Safe Bulkers Inc. is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SB EPS (TTM) for 12-month is -0.11. EPS for this year is -73.40%, while for the next year its value is 0.15. Its EPS Q/Q reached -597.50%. It has an EPS of -7.40% down for past five years and for the next five years will be up 14.00%.

Renaissance Technologies, LLC, Blackrock Inc. and State Street Corporation are the top three holders in Safe Bulkers Inc. (SB) stock. On Mar 30, 2020, Renaissance Technologies, LLC has 4.6 million shares which valued 5.48 million. On Mar 30, 2020, Blackrock Inc. owned 2.68 million shares which valued at 3.19 million. On Mar 30, 2020, State Street Corporation has a total of 0.8 million shares which valued at 0.95 million. In the end, State Street Corporation have 0.78% shares outstanding of Safe Bulkers Inc. (SB) on Mar 30, 2020. The insider ownership moved to 67.90% and institutional holding shifted to 14.50%.

The company posted an EPS (TTM) of -0.11. According to the most recent quarter report on (Jun 2020), 4 analysts estimated an average EPS of -0.09, while -0.01 EPS posted a year ago period. Analyst Estimated EPS for SB published in the report was -0.13–0.02 during the same period. Comparing with last year, the average estimated EPS was -0.01 which is higher than -0.13 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SB fall -18.56% for period of 200 days. SMA for 50 days was 7.37% which is showing green signal, while SMA-20 was -4.84%. The moving average value for Safe Bulkers Inc. (SB) is 1.2726 and 1.1057 for 200 and 50 days respectively.