Scorpio Bulkers Inc. (SALT) is down -76.36% this year

Scorpio Bulkers Inc. (SALT) share price plummeted -9.17% with the closing price of $15.06 on Friday. Scorpio Bulkers Inc. stock has an exchanging volume of 0.21 million shares, which is low, contrasted with its 3-months average volume of 226.91K shares. Its market capitalization has now reached to $188.10M.

Scorpio Bulkers Inc. Announces the Sale of an Ultramax Vessel on October 15, 2020 news published at Yahoo.

Scorpio Bulkers Inc. (SALT) reported that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Hera, an Ultramax bulk carrier built in 2016, for approximately $18.5 million. Delivery of the vessel is expected to take place in the fourth quarter of 2020.

Jefferies announced it was Downgrade coverage of Scorpio Bulkers Inc. in a research note on June 10, 2020. JP Morgan rated the stock as a Neutral in a research noted published on October 17, 2018. Evercore ISI rated the stock as an In-line in a research note published on October 10, 2018.

SALT Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, SALT price has dropped by -3.09%. In the course of past three months sees the stock go up around 8.74%, while it has lost -30.89% over the past six months and -76.36% since the start of the year.

SALT Earning History

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2020), the firm recorded a revenue of 26.17 billion, which was higher than the gauge of 46.85M made by certain experts. For that equivalent quarter, Scorpio Bulkers Inc. posted -$5.73 earnings per share (EPS) which was underneath the consensus estimate of -$3.86 by -$1.87, which represents to a reduction by -48.40%.

SALT Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Scorpio Bulkers Inc. has seen its stock exchanging -11.26% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +38.80% above its three-month low. A more extensive look sees SALT exchanging -79.17% beneath its 52-week high and 38.80% above from its 52-week low price.

SALT Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 8.87%, while it has a month to month instability of 8.02%. The company has an ATR (Average True Range) of 1.08 and a beta factor of 1.23.

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