A look into Diana Shipping Inc. (DSX)’s deeper side

Diana Shipping Inc. (NYSE: DSX) stock fell -3.24% on Thursday to $3.58 against a previous-day closing price of $3.70. With 0.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.52 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $3.7000 whereas the lowest price it dropped to was $3.5400. The 52-week range on DSX shows that it touched its highest point at $6.88 and its lowest point at $3.36 during that stretch. It currently has a 1-year price target of $4.45. With its current market cap of 381.06 million, DSX has annualized dividend of $0.60 while the current yield stands at 16.76%. Beta for the stock currently stands at 1.13.

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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 down-trending over the past week, with a drop of -3.50%, but this was down by -9.37% over a month. Three-month performance dropped to -23.26% while six-month performance fell -16.47%. The stock lost -43.65% in the past year, while it has lost -8.11% so far this year. A look at the trailing 12-month EPS for DSX yields 1.37 with Next year EPS estimates of 0.58. For the next quarter, that number is 0.14. This implies an EPS growth rate of 123.50% for this year and -9.63% 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 17.60%.

Float and Shares Shorts:

At present, 87.15 million DSX shares are outstanding with a float of 74.54 million shares on hand for trading. On May 14, 2023, short shares totaled 1.5 million, which was 1.41% higher than short shares on Apr 13, 2023. In addition to Ms. Semiramis Paliou as the firm’s CEO & Director, Mr. Anastasios C. Margaronis serves as its Pres & Director.

Institutional Ownership:

Through their ownership of 11.85% of DSX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.95% of DSX, in contrast to 1.11% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DSX with 3.78% of the stake, Hosking Partners LLP holds 3,884,892 shares worth 3,884,892. A second-largest stockholder of DSX, Renaissance Technologies LLC, holds 1,782,256 shares, controlling over 1.74% of the firm’s shares. Royce & Associates LP is the third largest shareholder in DSX, holding 885,829 shares or 0.86% stake. With a 0.59% 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 FTGF plc – Royce US Small Cap Opp, which owns about 0.28% of DSX stock, is the second-largest Mutual Fund holder. It holds 284,032 shares valued at 1.12 million. Invesco FTSE RAFI US 1500 Small M holds 0.08% of the stake in DSX, owning 83,944 shares worth 0.33 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Dec 30, 2022, DSX reported revenue of $74.52M and operating income of $38.62M. The EBITDA in the recently reported quarter was $38.58M and diluted EPS was $0.31.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DSX since 0 analysts follow the stock currently. 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 $5.00 and a low target of $4.00, the average target price over the next 12 months is $4.65. Based on these targets, DSX could surge 39.66% to reach the target high and rise by 11.73% to reach the target low. Reaching the average price target will result in a growth of 29.89% 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.

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