Diana Shipping Inc. (DSX) market price of $5.19 offers the impression of an exciting value play – Invest Chronicle

Diana Shipping Inc. (DSX) market price of $5.19 offers the impression of an exciting value play

At the end of the latest market close, Diana Shipping Inc. (DSX) was valued at $5.28. In that particular session, Stock kicked-off at the price of $5.46 while reaching the peak value of $5.49 and lowest value recorded on the day was $5.20. The stock current value is $5.19.Recently in News on October 19, 2021, Diana Shipping Inc. Announces Filing of Draft Registration Statement Relating to Proposed Spin-Off of Three Dry Bulk Vessels and Declaration of Cash Dividend. Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a wholly-owned subsidiary, it has filed a registration statement on Form 20-F pursuant to the Securities Exchange Act of 1934 to effect a spin-off of three of the Company’s older dry bulk vessels. OceanPal Inc., the newly formed subsidiary that will act as the holding company for the three dry bulk vessels, has applied to have its common shares listed on the Nasdaq Capital Market. You can read further details here

Diana Shipping Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.36 on 09/16/21, with the lowest value was $1.86 for the same time period, recorded on 01/04/21.

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Diana Shipping Inc. (DSX) full year performance was 274.47%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Diana Shipping Inc. shares are logging -18.32% during the 52-week period from high price, and 299.58% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.30 and $6.36.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 560686 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Diana Shipping Inc. (DSX) recorded performance in the market was 173.58%, having the revenues showcasing 26.32% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 477.79M, as it employees total of 918 workers.

Analysts verdict on Diana Shipping Inc. (DSX)

During the last month, 5 analysts gave the Diana Shipping Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 4.94, with a change in the price was noted +0.39. In a similar fashion, Diana Shipping Inc. posted a movement of +8.11% for the period of last 100 days, recording 1,183,831 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DSX is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.11.

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Diana Shipping Inc. (DSX): Technical Analysis

Raw Stochastic average of Diana Shipping Inc. in the period of last 50 days is set at 48.67%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 14.82%. In the last 20 days, the company’s Stochastic %K was 27.47% and its Stochastic %D was recorded 36.65%.

Let’s take a glance in the erstwhile performances of Diana Shipping Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 173.58%. Additionally, trading for the stock in the period of the last six months notably improved by 46.26%, alongside a boost of 274.47% for the period of the last 12 months. The shares increased approximately by 1.54% in the 7-day charts and went up by 0.96% in the period of the last 30 days. Common stock shares were driven by 26.32% during last recorded quarter.

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