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Should Star Bulk Carriers (SBLK) Be On Your Radar Now?
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It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.
One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Star Bulk Carriers Corp. (SBLK - Free Report) . This Transportation - Shipping industry stock has actually seen estimates rise over the past month for the current fiscal year by about 25.5%. But that is not yet reflected in its price, as the stock lost 11.7% over the same time frame.
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 81.9%, which should ultimately translate into price appreciation.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Star Bulk Carriers. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for SBLK and that now might be an interesting buying opportunity.
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Should Star Bulk Carriers (SBLK) Be On Your Radar Now?
It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.
One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Star Bulk Carriers Corp. (SBLK - Free Report) . This Transportation - Shipping industry stock has actually seen estimates rise over the past month for the current fiscal year by about 25.5%. But that is not yet reflected in its price, as the stock lost 11.7% over the same time frame.
Star Bulk Carriers Corp. Price and Consensus
Star Bulk Carriers Corp. Price and Consensus | Star Bulk Carriers Corp. Quote
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 81.9%, which should ultimately translate into price appreciation.
And if this isn’t enough, SBLK currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Star Bulk Carriers. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for SBLK and that now might be an interesting buying opportunity.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>