Diana Shipping Inc. (DSX): A Technical View

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SNOW Stock

At the last check on Friday, Diana Shipping Inc.’s (NYSE:DSX) stock was down -$0.25, moving down -5.77 percent to $4.08. The average number of shares traded per day over the past five days has been 1,093,512 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.33 fall in that time frame. In the last twenty days, the average volume was 852,403, while in the previous 50 days, it was 735,887.

Since last month, DSX stock rose 2.12%. Shares of the company fell to $3.95 on 11/25/22, 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 11.31% or $0.19, and marked a new high 17 times. However, the stock has declined by -40.78% since its 52-week high.


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Valuation Metrics

Right now, Diana Shipping Inc. (DSX) has a P/E ratio of about 3.20. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 1.44, the price-to-book (PB) ratio of 0.81.

The latest dividend of $0.1750 per share was paid out, which is -36.36% less than last year’s $0.2750. On Thursday November 17 2022, a $0.10 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.10. On the profitability front, the trailing twelve-month gross margin is 72.20% percent. Based on annual data, DSX earned $133.88 million in gross profit and brought in $214.2 million in revenue.

In Diana Shipping Inc.’s quarter-end financial report for June 29, 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 $0.35 quarterly earnings, the actual figure was $0.4 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated $37.79 million in EBITDA. The liabilities of Diana Shipping Inc. were 507.37 million at the end of its most recent quarter ended June 29, and its total debt was $451.72 million.

Technical Picture

This quick technical analysis looks at Diana Shipping Inc.’s (DSX) price momentum. With a historical volatility rate of 63.95%, the RSI 9-day stood at 39.48% on 23 November.

With respect to its five-day moving average, the current Diana Shipping Inc. price is down by -7.48% percent or -$0.33. At present, DSX shares trade -2.16% below its 20-day simple moving average and -5.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.58% below its SMA50 and -1.45% below its SMA200.

Stochastic coefficient K was 43.78% and Stochastic coefficient D was 50.11%, while ATR was 0.21. Given the Stochastic reading of 20.63% for the 14-day period, the RSI (14) reading has been calculated as 42.96%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at -0.09.

Analyst Ratings

Diana Shipping Inc. downgraded its rating on Diana Shipping Inc. (NYSE: DSX) to a Hold in a note to investors on September 26, 2022. The analysts firm previously had a Buy rating on the stock.Diana Shipping Inc. (DSX) has been rated Overweight by analysts. According to 0 brokerage firms, DSX is a sell, and 2 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 2 recommending it as overweight.

With a median target price of $5.60, the current consensus forecast for the stock is $5.00 – $6.00. Based on these forecasts, analysts predict Diana Shipping Inc. (DSX) will achieve an average price target of $5.55.

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