Diana Shipping Inc (NYSE: DSX) has a higher price-to-earnings ratio of 7.01x compared to its average ratio, The 36-month beta value for DSX is at 1.18. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 8 as “hold,” and 2 as “sell.”
The public float for DSX is 66.86M, and currently, shorts hold a 1.86% of that float. The average trading volume for DSX on April 04, 2024 was 728.63K shares.
DSX) stock’s latest price update
Diana Shipping Inc (NYSE: DSX)’s stock price has plunge by 2.07relation to previous closing price of 2.90. Nevertheless, the company has seen a 2.77% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
DSX’s Market Performance
Diana Shipping Inc (DSX) has seen a 2.77% rise in stock performance for the week, with a 1.37% gain in the past month and a -3.59% plunge in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are at 2.13% for DSX. The simple moving average for the past 20 days is 0.45% for DSX’s stock, with a -8.40% simple moving average for the past 200 days.
Analysts’ Opinion of DSX
Many brokerage firms have already submitted their reports for DSX stocks, with Jefferies repeating the rating for DSX by listing it as a “Hold.” The predicted price for DSX in the upcoming period, according to Jefferies is $5 based on the research report published on September 26, 2022 of the previous year 2022.
Jefferies, on the other hand, stated in their research note that they expect to see DSX reach a price target of $7. The rating they have provided for DSX stocks is “Buy” according to the report published on July 21st, 2022.
Jefferies gave a rating of “Hold” to DSX, setting the target price at $5 in the report published on April 27th of the previous year.
DSX Trading at 0.13% from the 50-Day Moving Average
After a stumble in the market that brought DSX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.48% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +0.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.65% lower at present.
During the last 5 trading sessions, DSX rose by +2.08%, which changed the moving average for the period of 200-days by -24.62% in comparison to the 20-day moving average, which settled at $2.95. In addition, Diana Shipping Inc saw -0.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DSX
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.43 for the gross margin
The net margin for Diana Shipping Inc stands at 0.25. The total capital return value is set at 0.06. Equity return is now at value 10.21, with 4.24 for asset returns.
Based on Diana Shipping Inc (DSX), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.31. The interest coverage ratio of the stock is 1.41.
Currently, EBITDA for the company is 128.71 million with net debt to EBITDA at 4.93. When we switch over and look at the enterprise to sales, we see a ratio of 3.11.
Conclusion
In conclusion, Diana Shipping Inc (DSX) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
