How to buy Scorpio Bulkers stock | $16.36

Scorpio Bulkers Inc is a marine shipping business based in the US. Scorpio Bulkers shares (SALT) are listed on the NYSE and all prices are listed in US Dollars. Scorpio Bulkers employs 7 staff and has a trailing 12-month revenue of around USD$173.9 million.

How to buy shares in Scorpio Bulkers

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Scorpio Bulkers. Find the stock by name or ticker symbol: SALT. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Scorpio Bulkers reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$16.36, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Scorpio Bulkers, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Scorpio Bulkers. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Scorpio Bulkers share price

Use our graph to track the performance of SALT stocks over time.

Scorpio Bulkers shares at a glance

• Key figures

Information last updated 2020-12-10.

Latest market close	USD$16.36
52-week range	USD$10.6596 - USD$65.3147
50-day moving average	USD$14.0014
200-day moving average	USD$14.9508
Wall St. target price	USD$30
PE ratio	3.0031
Dividend yield	USD$0.2 (1.22%)
Earnings per share (TTM)	USD$0.308

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Is it a good time to buy Scorpio Bulkers stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Scorpio Bulkers Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Scorpio Bulkers price performance over time

Historical closes compared with the close of $16.36 from 2020-12-09

1 week (2021-01-07)	-7.26%
1 month (2020-12-15)	-4.72%
3 months (2020-10-15)	-1.33%
6 months (2020-07-15)	13.93%

1 year (2020-01-15)	195.31%
2 years (2019-01-15)	186.01%
3 years (2018-01-13)	N/A
5 years (2016-01-15)	348.22%

Is Scorpio Bulkers under- or over-valued?

Valuing Scorpio Bulkers stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Scorpio Bulkers's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Scorpio Bulkers's P/E ratio

Scorpio Bulkers's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Scorpio Bulkers shares trade at around 3x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Scorpio Bulkers's EBITDA

Scorpio Bulkers's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$20.7 million.

The EBITDA is a measure of a Scorpio Bulkers's overall financial performance and is widely used to measure a its profitability.

Scorpio Bulkers financials

Revenue TTM	USD$173.9 million
Gross profit TTM	USD$102 million
Return on assets TTM	-1.25%
Return on equity TTM	-23.24%
Profit margin	-109.98%
Book value	$62.701
Market capitalisation	USD$192.9 million

TTM: trailing 12 months

Shorting Scorpio Bulkers shares

There are currently 637,678 Scorpio Bulkers shares held short by investors – that's known as Scorpio Bulkers's "short interest". This figure is 18.9% up from 536,403 last month.

There are a few different ways that this level of interest in shorting Scorpio Bulkers shares can be evaluated.

Scorpio Bulkers's "short interest ratio" (SIR)

Scorpio Bulkers's "short interest ratio" (SIR) is the quantity of Scorpio Bulkers shares currently shorted divided by the average quantity of Scorpio Bulkers shares traded daily (recently around 212559.33333333). Scorpio Bulkers's SIR currently stands at 3. In other words for every 100,000 Scorpio Bulkers shares traded daily on the market, roughly 3000 shares are currently held short.

However Scorpio Bulkers's short interest can also be evaluated against the total number of Scorpio Bulkers shares, or, against the total number of tradable Scorpio Bulkers shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Scorpio Bulkers's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Scorpio Bulkers shares in existence, roughly 50 shares are currently held short) or 0.0692% of the tradable shares (for every 100,000 tradable Scorpio Bulkers shares, roughly 69 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Scorpio Bulkers.

Find out more about how you can short Scorpio Bulkers stock.

Scorpio Bulkers share dividends

We're not expecting Scorpio Bulkers to pay a dividend over the next 12 months.

Have Scorpio Bulkers's shares ever split?

Scorpio Bulkers's shares were split on a 1:10 basis on 7 April 2020. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Scorpio Bulkers shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Scorpio Bulkers shares which in turn could have impacted Scorpio Bulkers's share price.

Scorpio Bulkers share price volatility

Over the last 12 months, Scorpio Bulkers's shares have ranged in value from as little as $10.6596 up to $65.3147. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Scorpio Bulkers's is 1.6189. This would suggest that Scorpio Bulkers's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Scorpio Bulkers overview

Scorpio Bulkers Inc., a shipping company, owns and operates dry bulk carriers worldwide. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers. As of December 31, 2019, the company operated a fleet of 58 vessels that consist of 55 owned and finance leased vessels, including 17 Kamsarmax vessels and 35 Ultramax vessels; five time chartered-in Kamsarmax vessels; and one Ultramax vessel. Scorpio Bulkers Inc. was founded in 2013 and is based in Monaco.

Frequently asked questions

• What percentage of Scorpio Bulkers is owned by insiders or institutions?

  Currently 39.828% of Scorpio Bulkers shares are held by insiders and 28.045% by institutions.

• How many people work for Scorpio Bulkers?

  Latest data suggests 7 work at Scorpio Bulkers.

• When does the fiscal year end for Scorpio Bulkers?

  Scorpio Bulkers's fiscal year ends in December.

• Where is Scorpio Bulkers based?

  Scorpio Bulkers's address is: Le Millenium, Monaco, Monaco, 98000

• What is Scorpio Bulkers's ISIN number?

  Scorpio Bulkers's international securities identification number is: MHY7546A1304

• What is Scorpio Bulkers's CUSIP number?

  Scorpio Bulkers's Committee on Uniform Securities Identification Procedures number is: Y7546A106