Is Diana Shipping Inc. (DSX) Price Targeted To Increase?

As of Wednesday close, Diana Shipping Inc.’s (NYSE:DSX) stock was down -$0.48, moving down -9.28 percent to $4.69. The average number of shares traded per day over the past five days has been 1,470,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.56 fall in that time frame. In the last twenty days, the average volume was 1,900,835, while in the previous 50 days, it was 1,334,320.

Since last month, DSX stock retreated -16.84%. Shares of the company fell to $4.68 on 06/22/22, the lowest level in the past month. A 52-week high of $6.89 was reached on 05/31/22 after having rallying from a 52-week low of $3.31. Since the beginning of this year, DSX’s stock price has risen by 20.57% or $0.80, and marked a new high 17 times. However, the stock has declined by -31.93% since its 52-week high.

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Valuation Metrics

Right now, Diana Shipping Inc. (DSX) has a P/E ratio of about 4.93. The stock’s beta is 1.03. Besides these, the trailing price-to-sales (P/S) ratio of 1.73, the price-to-book (PB) ratio of 0.89, and the price-to-cash flow ratio of 3.44 may also be considered.

The latest dividend of $0.25 per share was paid out, which is 25.0% more than last year’s $0.20. On Tuesday May 24 2022, a $0.05 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.15. On the profitability front, the trailing twelve-month gross margin is 67.30% percent. In the year ended December 30, operating margins totaled 44.10%. Based on annual data, DSX earned $133.88 million in gross profit and brought in $214.2 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.50%. Return on equity (ROE) for the past 12 months was 19.40%.

In Diana Shipping Inc.’s quarter-end financial report for December 30, it reported total debt of $382.53 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DSX’s revenue rose 20.76% during the quarter, while net income inched up to $214.2 million. While analysts expected Diana Shipping Inc. to report $0.23 quarterly earnings, the actual figure was $0.28 per share, beating the consensus estimate by 21.70%. During the quarter, the company generated $31.06 million in EBITDA. The liabilities of Diana Shipping Inc. were 495.4 million at the end of its most recent quarter ended December 30, and its total debt was $423.68 million.

Technical Picture

This quick technical analysis looks at Diana Shipping Inc.’s (DSX) price momentum. With a historical volatility rate of 72.71%, the RSI 9-day stood at 30.17% on 22 June.

With respect to its five-day moving average, the current Diana Shipping Inc. price is down by -10.67% percent or -$0.56. At present, DSX shares trade -21.96% below its 20-day simple moving average and +29.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.31% below its SMA50 and -7.31% below its SMA200.

Stochastic coefficient K was 6.02% and Stochastic coefficient D was 5.75%, while ATR was 0.38. Given the Stochastic reading of 0.51% for the 14-day period, the RSI (14) reading has been calculated as 36.22%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -0.59.

Analyst Ratings

Diana Shipping Inc. (DSX) has been rated Overweight by analysts. According to 0 brokerage firms, DSX is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Diana Shipping Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $7.10, the current consensus forecast for the stock is $5.20 – $8.00. Based on these forecasts, analysts predict Diana Shipping Inc. (DSX) will achieve an average price target of $6.85.


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