Diana Shipping Inc (NYSE: DSX) is 1.01% higher on its value in year-to-date trading and has touched a low of $2.81 and a high of $4.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DSX stock was last observed hovering at around $3.07 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $3.00, the stock is 1.33% and 0.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -2.28% at the moment leaves the stock -8.72% off its SMA200. DSX registered -20.98% loss for a year compared to 6-month loss of -9.42%. The firm has a 50-day simple moving average (SMA 50) of $2.99 and a 200-day simple moving average (SMA200) of $7.57.
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The stock witnessed a 1.35% gain in the last 1 month and extending the period to 3 months gives it a 4.17%, and is 2.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.39% over the week and 3.15% over the month.
Diana Shipping Inc (DSX) has around 1020 employees, a market worth around $339.21M and $262.10M in sales. Current P/E ratio is 7.11 and Fwd P/E is 3.64. Profit margin for the company is 16.82%. Distance from 52-week low is 6.95% and -25.49% from its 52-week high. The company has generated returns on investments over the last 12 months (3.89%).
Diana Shipping Inc quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $59.16M over the same period.The EPS is expected to grow by 11.92% this year, but quarterly earnings will post 3.00% year-over-year. Quarterly sales are estimated to shrink -12.40% in year-over-year returns.
77 institutions hold shares in Diana Shipping Inc (DSX), with institutional investors hold 18.30% of the company’s shares. The shares outstanding are 102.65M, and float is at 66.86M with Short Float at 3.41%. Institutions hold 10.95% of the Float.
The top institutional shareholder in the company is Hosking Partners LLP with over 4.21 million shares valued at $15.52 million. The investor’s holdings represent 3.95% of the DSX Shares outstanding. As of Jun 29, 2023, the second largest holder is Renaissance Technologies, LLC with 1.69 million shares valued at $6.23 million to account for 1.59% of the shares outstanding. The other top investors are Royce & Associates LP which holds 0.86 million shares representing 0.81% and valued at over $3.18 million, while Stifel Financial Corporation holds 0.68% of the shares totaling 0.73 million with a market value of $2.68 million.
