Diana Shipping Inc (DSX) Outlook Starting To Look Brighter?

Diana Shipping Inc (DSX) concluded trading on Thursday at a closing price of $2.89, with 0.46 million shares of worth about $1.34 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.23% during that period and on March 28, 2024 the price saw a gain of about 0.35%. Currently the company’s common shares owned by public are about 102.65M shares, out of which, 66.86M shares are available for trading.

However, the stock later moved at a day high price of 2.9200, or with a gain of 0.35%. Stock saw a price change of -3.02% in past 5 days and over the past one month there was a price change of -5.56%. Year-to-date (YTD), DSX shares are showing a performance of -2.69% which decreased to -22.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.81 but also hit the highest price of $4.03 during that period. The average intraday trading volume for Diana Shipping Inc shares is 758.52K. The stock is currently trading -2.69% below its 20-day simple moving average (SMA20), while that difference is down -2.69% for SMA50 and it goes to -10.94% lower than SMA200.

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Diana Shipping Inc (NYSE: DSX) currently have 102.65M outstanding shares and institutions hold larger chunk of about 11.47% of that.

The stock has a current market capitalization of $326.77M and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 6.85, while it has posted earnings per share of $0.42 in the same period. Its PEG reads 1.37 and has Quick Ratio of 1.03 while making debt-to-equity ratio of 1.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DSX, volatility over the week remained 1.74% while standing at 2.39% over the month.

Analysts are in expectations that Diana Shipping Inc (DSX) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is $0.05 and it is $0.95 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.04 which is $0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 36.68% while it is estimated to increase by 85.25% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 33.39% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on September 26, 2022 offering a Hold rating for the stock and assigned a target price range of between $7 and $5 to it. Coverage by Jefferies stated Diana Shipping Inc (DSX) stock as a Buy in their note to investors on July 21, 2022, suggesting a price target of $7 for the stock. Stock get a Buy rating from H.C. Wainwright on September 13, 2021.

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