Diana Shipping Inc. (NYSE:DSX) saw a downside of -1.65% to $3.88 after subtracting -$0.07 on Wednesday. The 5-day average trading volume is 775,519 shares of the company’s common stock. It has gained $3.98 in the past week and touched a new high 3 times within the past 5 days. An average of 618,555 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 547,432.
DSX’s 1-month performance is 3.05% or $0.09 on its low of $3.58 reached on 07/24/23. The company’s shares have touched a 52-week low of $3.36 and high of $6.16, with the stock’s rally to the 52-week high happening on 02/27/23. YTD, DSX has lost -0.29% or -$0.02 and has reached a new high 14 times. However, the current price is down -36.97% from the 52-week high price.
Valuation Metrics
DSX stock has a beta of 1.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.41 while the price-to-book (PB) in the most recent quarter is 0.79, with the price to cash flow ratio at 3.20.
In terms of profitability, the gross margin trailing 12 months is 71.40%. The firm’s gross profit as reported stood at $211.0 million against revenue of $289.97 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Diana Shipping Inc.’s cash and short-term investments amounted to $46.5 million against total debt of $671.93 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 54.43% to $113.29 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected DSX to announce $0.12 per share in earnings in its latest quarter, but it posted $0.08, representing a -33.30% surprise. EBITDA for the quarter stood at more than $32.62 million. DSX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 673.66 million, with total debt at $671.93 million.
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 08 August was 54.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.92%.
The stock’s 5-day moving average is $3.93, reflecting a +2.65% or $0.10 change from its current price. DSX is currently trading +2.65% above its 20-day SMA, +1.04% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.65% and SMA200 by-3.96%.
Stochastic %K and %D was 86.53% and 88.99% and the average true range (ATR) pointed at 0.12. The RSI (14) points at 54.02%, while the 14-day stochastic is at 74.81% with the period’s ATR at 0.12. The stock’s 9-day MACD Oscillator is pointing at 0.05 and 0.10 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Diana Shipping Inc. (NYSE: DSX), Jefferies downgraded it to a Hold rating. They previously had a Buy rating on the stock.
