A Technical View of the Diana Shipping Inc. (DSX)

Diana Shipping Inc. (NYSE:DSX) saw a downside of -2.48% to $5.30 after subtracting -$0.14 on Wednesday. The 5-day average trading volume is 1,060,996 shares of the company’s common stock. It has gained $5.90 in the past week. An average of 1,311,939 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,160,732.

DSX’s 1-month performance is -7.80% or -$0.64 on its low of $4.95 reached on 09/21/21. The company’s shares have touched a 52-week low of $1.30 and high of $6.36, with the stock’s rally to the 52-week high happening on 09/16/21. YTD, DSX has achieved 181.87% or $3.33. However, the current price is down -16.59%% from the 52-week high price.


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Valuation Metrics

Diana Shipping Inc. (DSX) has a trailing price-to-earnings (P/E) ratio of 18.35 for the broader industry and 28.43 for the sector. The company’s PE ratio for the last five years has touched a high of 1135.38 and a low of 17.10. DSX stock has a beta of 1.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.88 while the price-to-book (PB) in the most recent quarter is 1.07, with the price to cash flow ratio at 15.14.

As well, the company’s long term debt to equity for the quarter ending June 29 was 1.11, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 47.10%. The trailing 12-month EBITDA margin is 20.95% while for the period ending June 29; Diana Shipping Inc.’s operating margin was 0.50%. The firm’s gross profit as reported stood at $70.36 million against revenue of $169.73 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected DSX to announce $0.02 per share in earnings in its latest quarter, but it posted $0.02, representing a 0.00% surprise. EBITDA for the quarter stood at more than $7.74 million. DSX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 483.9 million, with total debt at $461.52 million

Technical Picture

Let’s look briefly at Diana Shipping Inc. (DSX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 40.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 69.23%.

The stock’s 5-day moving average is $5.48, reflecting a -9.62% or -$0.56 change from its current price. DSX is currently trading -15.84% above its 20-day SMA, +19.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +28.92% and +172.54% respectively.

Stochastic %K and %D was 32.89% and 42.90% and the average true range (ATR) pointed at 0.34. The RSI (14) points at 45.89%, while the 14-day stochastic is at 20.37% with the period’s ATR at 0.34. The stock’s 9-day MACD Oscillator is pointing at -0.23 and -0.18 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Diana Shipping Inc. (NYSE: DSX), BTIG Research downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for DSX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DSX as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is DSX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $4.60 and a high of $9.50, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Diana Shipping Inc. (DSX) stock is $6.86.

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