How to Buy Safe Bulkers Stock
Safe Bulkers Inc
Safe Bulkers is a shipping company located in Monaco, which is part of the Industrials sector, and is traded under the ticker SB on the NYSE exchange.
Safe Bulkers stock last closed at $3.34, down 0.6% from the previous day, and has decreased 26.75% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.09 percentage points. Safe Bulkers stock is currently +42.07% from its 52-week low of $2.35, and -34.77% from its 52-week high of $5.12.
At the moment, there are 118.87M shares of SB outstanding. The market value of SB is $397.02M. In the past 24 hours, 556,968 SB shares were traded.
How to Buy Safe Bulkers Stock
Wondering how to invest in Safe Bulkers stock? Here's how.
- Choose where to buy Safe Bulkers stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Safe Bulkers stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your method of payment and add your info.
- Evaluate Safe Bulkers stock: The Safe Bulkers ticker symbol is SB. Is Safe Bulkers stock a good investment? Should you buy shares of SB? How do SB's underlying business fundamentals look? Do top analysts think Safe Bulkers is a good buy? Why has SB's stock price moved recently? (Hint: Our stock research tools can help you evaluate if SB is a good stock to buy).
- Execute your SB buy order: Decide if you will purchase SB shares at the current market price or use a limit order to purchase SB shares at a particular price.
- Get notifications regarding your investment in SB: Create a watchlist to get the latest news on your new investment in Safe Bulkers shares.
Step 1: Choose where to buy Safe Bulkers stock
You need an online brokerage account to access the NYSE market and buy SB shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best brokerage. Here's why:
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- Security: eToro is a regulated and licensed fintech leader.
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Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal info so you can invest in SB stock today.
How to Create a New Investment Account on eToro
- Click here to get started.
- Input your personal details to create a new trading account.
- Send your information by pressing the "Create Account" button.
Step 3: Fund your investment account
Now that you have opened your account on our top ranked stock market app, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help transferring money into your new investment account.
Step 4: Evaluate Safe Bulkers stock
After you have identified the best place to buy Safe Bulkers stock, it's crucial to research their stock before you buy, so you can comprehend the risk and upside.
Safe Bulkers stock data
Safe Bulkers Zen Score
WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on SB's stock page.
Is SB stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge SB's fair value.
Using relative valuations metrics:
- SB could be undervalued based on its P/E ratio of 2.46x, relative to Marine Shipping industry P/E ratio of 9.5x
- SB may be undervalued based on its P/B ratio of 0.51x, relative to Marine Shipping industry P/B ratio of 0.69x
You can access more valuation analysis on SB's stock here.
SB Financial Overview
Passed Financial Due Diligence Checks:
- SB's operating cash flow of $218.05M allows it to safely service it's debt of $414.36M.
- SB earnings of $189.69M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the SB balance sheet.
- Total SB debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the SB balance sheet.
- SB has a relatively high debt to equity ratio of 0.61.
- SB profit margin has gone down from 49.7% to 46.8% in the past year.
Is SB stock a Buy, Hold, or Sell, according to analysts?
Out of 1 Wall Street analysts who research SB, the consensus analyst rating on SB is a Hold
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent SB Analyst Recommendations
Omar Nokta, a bottom 8% analyst from Jefferies maintains SB with a hold rating and raises their SB price target from $3.00 to $4.00, on May 11, 2023.
You can dig deeper into what analysts are saying on the Safe Bulkers stock forecast page.
Metrics for Advanced SB Traders
SB Performance Metrics
Last year, SB earnings were $163.58M. In the past four year, SB's earnings have increased by 70.75% per year. This was faster than the Marine Shipping industry average of 39.33%.
Last year, SB revenue was $349.72M. Over the last five year, SB's revenue has increased by 18.76% per year. This was faster than the Marine Shipping industry average of 16.48%.
Dig into SB's earnings and revenue performance here.
Latest Insiders Trades at SB
Over the last 12 months, insiders at SB have not bought or sold any shares.
Research more about who owns SB shares here.
Does SB stock generate passive income?
Safe Bulkers pays a dividend of 7.49%, compared to the Marine Shipping industry's average dividend yield of 18.39%. If you owned $1,000 of SB stock, you would have received $74.85 in the past 12 months.
Safe Bulkers dividend payments have not consistently grown over the past decade and have not remained stable.
Find more analysis about Safe Bulkers dividend yield and history here.
SB Social Trading Data
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your SB buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, use a limit order.
Press the Open button and your broker will execute the order.
If you require more help with investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in SB
Now that you own some SB shares, you'll want to keep up with your new stock purchase.
Start a watchlist to track the most important metrics related to your SB stock.
SB Feed
How to Buy Stock in Safe Bulkers
To reiterate, here are the 6 steps for buying Safe Bulkers stock:
- Choose where to buy Safe Bulkers stock
- Sign up for your brokerage account
- Fund your investment account
- Evaluate Safe Bulkers stock
- Execute your SB buy order
- Get notifications regarding your investment in SB
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Safe Bulkers, create your watchlist below.
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