Diana Shipping Inc. (NYSE:DSX) finished Friday with a subtraction of -$0.14 to close at $3.77, a downside of -3.58 percent. An average of 809,820 shares of common stock have been traded in the last five days. There was a fall of -$0.15 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 650,350 shares traded, while the 50-day average volume stands at 566,366.
DSX stock has decreased by -1.31% in the last month. The company shares reached their 1-month lowest point of $3.58 on 07/24/23. With the stock rallying to its 52-week high on 02/27/23, shares of the company touched a low of $3.36 and a high of $6.16 in 52 weeks. It has reached a new high 14 times so far this year and lost -3.24% or -$0.13 in price. In spite of this, the price is down -38.84% from the 52-week high.
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Valuation Metrics
Diana Shipping Inc. (DSX) has a trailing price-to-earnings (P/E) ratio of 2.97. The stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.37, the price-to-book (PB) ratio at 0.77, and the price-to-cash flow ratio at 3.11.
The company has a payout ratio of 77.10%. The company’s most recent quarterly dividend payment was $0.15 a share, without any change from last year. Its latest decrease dividend $0.0250 reported on Wednesday February 22 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.38 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Diana Shipping Inc.’s EBITDA margin for the year ending June 29 is 62.46%, while its operating margin for the same period stands at 41.40%. Its gross profit as reported stood at $211.0 million compared to revenue of $289.97 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Diana Shipping Inc.’s return on assets was 7.60%.
Earnings Surprise
For the three-month period that ended June 29, Diana Shipping Inc. had $46.5 million in cash and short-term investments compared to $431.02 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $113.29 million in the quarter, while revenues were grew 54.43%. The analyst consensus anticipated Diana Shipping Inc.’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.08, a -33.30% surprise. For the quarter, EBITDA amounted to $32.62 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Diana Shipping Inc. (DSX) price momentum. RSI 9-day as of the close on 11 August was 43.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.95%.
As of today, DSX’s price is $3.89 -3.83% or -$0.15 from its 5-day moving average. However, the stock’s current price level is +2.45% above the SMA50 and -10.87% below the SMA200.
The stochastic %K and %D were 66.22% and 78.62%, respectively, and the average true range (ATR) was 0.13. With the 14-day stochastic at 41.55% and the average true range at 0.12, the RSI (14) stands at 47.00%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.00.
Analyst Ratings
Jefferies downgraded Diana Shipping Inc. (NYSE: DSX) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Diana Shipping Inc. (DSX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DSX, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is DSX’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $4.80, with a median target of $4.30. Taking a look at these predictions, the average price target given by analysts for Diana Shipping Inc. (DSX) stock is $4.35.
