How to Buy Star Bulk Carriers Stock
Star Bulk Carriers Corp
Star Bulk Carriers Corp. , a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide.
Star Bulk Carriers stock last closed at $23.94, up 2.18% from the previous day, and has increased 12.98% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.19 percentage points. Star Bulk Carriers stock is currently +44.48% from its 52-week low of $16.57, and -4.85% from its 52-week high of $25.16.
As of Apr 23, 2024, there are 84.02M SBLK shares outstanding. The market capitalization of SBLK is $2.01B. In the past 24 hours, 1.04M SBLK shares were traded.
How to Buy Star Bulk Carriers Stock
Not sure how to invest in Star Bulk Carriers stock? Here's how.
- Choose where to buy Star Bulk Carriers stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Star Bulk Carriers stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your method of payment and add your information.
- Analyze Star Bulk Carriers stock: The Star Bulk Carriers ticker symbol is SBLK. Is Star Bulk Carriers stock a good investment? Should you buy shares of SBLK? How do SBLK's underlying business fundamentals look? Do top analysts think Star Bulk Carriers is a good buy? Why has SBLK's stock price moved recently? (Hint: Our stock research website can help you understand if SBLK is a good stock to buy).
- Execute your SBLK purchase: Decide if you will purchase SBLK shares at the current market price or use a limit order to purchase SBLK stock at a given price.
- Get key alerts regarding your SBLK position: Create a watchlist to keep track of your investment in Star Bulk Carriers stock.
Step 1: Choose where to buy Star Bulk Carriers stock
You will need a brokerage account in order to access the NASDAQ market and buy SBLK shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal details so you are able to invest in SBLK today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create a new trading account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've filled out your info on mobile trading apps, you need to deposit funds:
Watch the walkthrough below for more details depositing money into your investment account.
Step 4: Analyze Star Bulk Carriers stock
Once you have figured out the best place to buy Star Bulk Carriers stock, it's critical to evaluate their stock before you buy, so you can comprehend the risk as well as the opportunity.
Overview of key SBLK info
Fundamentals of SBLK
WallStreetZen was created to help everyday investors do better fundamental analysis quickly.
You can view all of the due diligence checks on SBLK's stock page.
Is SBLK stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge SBLK's intrinsic value.
Using relative valuations measures:
- SBLK may be undervalued based on its P/E ratio of 13.6x, relative to Marine Shipping industry P/E ratio of 16.02x
- SBLK may be overvalued based on its P/B ratio of 1.21x, relative to Marine Shipping industry P/B ratio of 0.98x
- SBLK may be undervalued based on its PEG ratio of 0.15x
You can access additional valuation research on SBLK's stock here.
SBLK Financial Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the SBLK balance sheet.
- SBLK's operating cash flow of $335.78M allows it to safely service it's debt of $1.26B.
- Total SBLK debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the SBLK balance sheet.
- SBLK has a relatively high debt to equity ratio of 0.82.
- SBLK profit margin has gone down from 39.4% to 18.3% in the past year.
- SBLK earnings of $245.06M is not sufficient to cover its interest payments.
Is Star Bulk Carriers stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 sell side analysts who give recommendations on SBLK, the consensus analyst rating on Star Bulk Carriers is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Star Bulk Carriers stock forecast page.
SBLK Technicals
SBLK Revenue
Last year, SBLK earnings were $173.56M. Over the past 5 year, SBLK's earnings have grown by 18.29% per year. This was faster than the Marine Shipping industry average of 15.55%.
Last year, SBLK revenue was $949.27M. During the last 5 year, SBLK's revenue has gone up by 7.82% per year. This was slower than the Marine Shipping industry average of 15.53%.
Dive into SBLK's earnings and revenue performance here.
Latest Insiders Trades at SBLK
Over the past year, insiders at SBLK have not bought or sold any shares.
Learn more about who owns SBLK shares here.
Does SBLK provide a stable income stream?
Star Bulk Carriers pays a dividend of 5.93%, compared to the Marine Shipping industry's average dividend yield of 5.34%. If you owned $1,000 of SBLK stock, you would have received $59.31 last year.
Star Bulk Carriers dividend payments have consistently grown over the past decade but have not remained stable.
Find more data about Star Bulk Carriers dividend yield and history here.
Get analysis from other investors
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your SBLK purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you need more help investing in stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your SBLK position
Now that you own some SBLK shares, you'll want to keep up with your new shares.
Add SBLK to a watchlist to get alerted to the latest events about your SBLK stock.
SBLK Feed
How to Buy Stock in Star Bulk Carriers
To reiterate, here are the 6 steps you need to take to buy Star Bulk Carriers stock right now:
- Choose where to buy Star Bulk Carriers stock
- Create a brokerage account
- Put funds into your brokerage account
- Analyze Star Bulk Carriers stock
- Execute your SBLK purchase
- Get key alerts regarding your SBLK position
If you need 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 Star Bulk Carriers, add SBLK to your watchlist by clicking the button below.
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