Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $6.35.
Other equities research analysts also recently issued reports about the company.
Scorpio Bulkers Inc (SALT)'s closing price of $7.60 has closed above it's Parabolic SAR reading, indicating a potential trend reversal. Scorpio Bulkers Inc's 6.08% rise today is critical to its technical outlook.
The risk now is that the stock is overbought, but as of this moment, the price is moving abruptly higher, through resistance, and the bulls are leading the charge. (NYSE:SALT) news were published by: Globenewswire.com which released: "Scorpio Bulkers Inc". Deutsche Bank has "Hold" rating and $2 target. The 14-day RSI is now sitting at 51.50, the 7-day is at 48.05, and the 3-day is spotted at 24.39 for Scorpio Bulkers Inc (SALT). About 325 shares traded. It indicates a possible upside of 27.39 % from company's current price. Scorpio Bulkers has a 12 month low of $5.70 and a 12 month high of $10.14. The company has a market cap of $670.86, a P/E ratio of -7.14 and a beta of 3.56. Jefferies Group began coverage on Scorpio Bulkers in a research report on Monday, December 18th. The shipping company reported ($0.15) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.14) by ($0.01).
Shares of Drs Inc (DRSX) are heading in a near-term negative direction as the most recent close of the company has stayed below the Balance Step.
Traders often employ unique systems when trying to beat the stock market. During the same quarter in the previous year, the business posted ($0.80) earnings per share. The business's revenue for the quarter was up 61.5% compared to the same quarter last year. analysts forecast that Scorpio Bulkers will post -0.58 EPS for the current year. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.02 per share. The rating was reinitiated by Seaport Global with "Buy" on Tuesday, August 2. This repurchase authorization allows the shipping company to repurchase up to 10.2% of its shares through open market purchases. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Capital Fund Management S.A. purchased a new stake in Scorpio Bulkers during the second quarter valued at approximately $134,000. Finally, Airain ltd acquired a new position in shares of Scorpio Bulkers during the 2nd quarter valued at $589,000. Rhumbline Advisers lifted its holdings in shares of Scorpio Bulkers by 16.4% during the 2nd quarter. BlackRock Advisors LLC now owns 975,818 shares of the company's stock worth $3,376,000 after buying an additional 198,382 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Scorpio Bulkers in the 2nd quarter valued at about $245,000. Alliancebernstein L.P. now owns 44,400 shares of the shipping company's stock valued at $315,000 after acquiring an additional 33,700 shares during the last quarter.
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