Diana Shipping Inc. (NYSE: DSX) stock jumped 0.93% on Wednesday to $4.33 against a previous-day closing price of $4.29. With 1.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.72 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $4.3600 whereas the lowest price it dropped to was $4.2750. The 52-week range on DSX shows that it touched its highest point at $6.89 and its lowest point at $3.31 during that stretch. It currently has a 1-year price target of $5.78. With its current market cap of 382.77 million, DSX has annualized dividend of $1.10 while the current yield stands at 25.40%. Beta for the stock currently stands at 1.30.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DSX was up-trending over the past week, with a rise of 7.18%, but this was up by 2.12% over a month. Three-month performance dropped to -18.30% while six-month performance fell -28.90%. The stock gained 12.33% in the past year, while it has gained 11.31% so far this year. A look at the trailing 12-month EPS for DSX yields 1.35 with Next year EPS estimates of 0.82. For the next quarter, that number is 0.24. This implies an EPS growth rate of 137.40% for this year and -31.32% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 18.00%.
Float and Shares Shorts:
At present, 86.20 million DSX shares are outstanding with a float of 62.06 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.83 million, which was 2.12% higher than short shares on Sep 14, 2022. In addition to Ms. Semiramis Paliou as the firm’s CEO & Director, Mr. Anastasios C. Margaronis serves as its Pres & Director.
Through their ownership of 18.20% of DSX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 13.97% of DSX, in contrast to 1.99% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DSX with 3.95% of the stake, Hosking Partners LLP holds 3,401,358 shares worth 3,401,358. A second-largest stockholder of DSX, Renaissance Technologies LLC, holds 1,673,219 shares, controlling over 1.94% of the firm’s shares. Royce & Associates LP is the third largest shareholder in DSX, holding 933,829 shares or 1.08% stake. With a 0.70% stake in DSX, the Royce Small-Cap Opportunity Fund is the largest stakeholder. A total of 600,510 shares are owned by the mutual fund manager. The Legg Mason Global Funds Plc – Roy, which owns about 0.36% of DSX stock, is the second-largest Mutual Fund holder. It holds 306,532 shares valued at 1.32 million. AdvisorShares WCM/BNY Mellon Focu holds 0.21% of the stake in DSX, owning 179,753 shares worth 0.78 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DSX since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DSX analysts setting a high price target of $6.00 and a low target of $5.00, the average target price over the next 12 months is $5.55. Based on these targets, DSX could surge 38.57% to reach the target high and rise by 15.47% to reach the target low. Reaching the average price target will result in a growth of 28.18% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DSX will report FY 2022 earnings on 02/24/2023. Analysts have provided yearly estimates in a range of $1.33 being high and $1.05 being low. For DSX, this leads to a yearly average estimate of $1.21. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Diana Shipping Inc. surprised analysts by $0.07 when it reported $0.35 EPS against a consensus estimate of $0.28. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.27 and the low estimate is $0.22. The average estimate for the next quarter is thus $0.24.