An analyst sees good growth prospects for Diana Shipping Inc (DSX)

With 0.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $2.1485 whereas the lowest price it dropped to was $2.07. The 52-week range on DSX shows that it touched its highest point at $3.53 and its lowest point at $2.14 during that stretch. It currently has a 1-year price target of $3.11. With its current market cap of 262.83 million, DSX has annualized dividend of $0.23 while the current yield stands at 10.71%. Beta for the stock currently stands at 1.14.

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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 -4.55%, but this was down by -5.83% over a month. Three-month performance dropped to -12.50% while six-month performance fell -32.69%. The stock lost -36.41% in the past year, while it has lost -29.29% so far this year. A look at the trailing 12-month EPS for DSX yields 0.11 with Next year EPS estimates of 0.34. For the next quarter, that number is -0.01. This implies an EPS growth rate of -108.26% for this year and 1233.33% 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 32.94%.

Float and Shares Shorts:

At present, 113.07 million DSX shares are outstanding with a float of 72.87 million shares on hand for trading. On 2024-10-31, short shares totaled 1.23 million, which was 98.0 higher than short shares on 1727654400. In addition to Ms. Semiramis Paliou as the firm’s CEO & Director, Mr. Anastasios C. Margaronis serves as its President & Director.

Institutional Ownership:

Through their ownership of 0.09057 of DSX’s outstanding shares, institutional investors have minority control over the company.

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 2024-06-30, DSX reported revenue of $56000000.0 and operating income of $12156000.0. The EBITDA in the recently reported quarter was $14364000.0 and diluted EPS was -$0.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DSX since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 4.0 and a low target of 4.0, the average target price over the next 12 months is 4.0. Based on these targets, DSX could surge 90.48% to reach the target high and rise by 90.48% to reach the target low. Reaching the average price target will result in a growth of 90.48% from current levels.

Analysts have provided yearly estimates in a range of -$0.02911551 being high and -$0.03088449 being low. For DSX, this leads to a yearly average estimate of -$0.03. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.13 and the low estimate is $0.13. The average estimate for the next quarter is thus $0.13.