Diana Shipping Inc (NYSE:DSX) shares, rose in value on Friday, May 30, with the stock price up by 4.83% to the previous day’s close as strong demand from buyers drove the stock to $1.52.
Actively observing the price movement in the last trading, the stock closed the session at $1.45. The PE ratio was 22.09 over 12-month period. Referring to stock’s 52-week performance, its high was $3.07, and the low was $1.27. On the whole, DSX has fluctuated by 4.11% over the past month.
With the market capitalization of Diana Shipping Inc currently standing at about $175.97 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.17, with its dividend yield at 11.18%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DSX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of DSX currently trading nearly 2.98% and 1.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.13, while the 7-day volatility ratio is showing 5.32% which for the 30-day chart, stands at 3.54%. Furthermore, Diana Shipping Inc (DSX)’s beta value is 0.76, and its average true range (ATR) is 0.07.
A comparison of Diana Shipping Inc (DSX) with its peers suggests the former has fared considerably weaker in the market. DSX showed an intraday change of 4.83% in last session, and over the past year, it shrunk by -50.00%%.
Data on historical trading for Diana Shipping Inc (NYSE:DSX) indicates that the trading volumes over the past 3 months, they’ve averaged 264.78K. According to company’s latest data on outstanding shares, there are 115.77 million shares outstanding.
Nearly 45.82% of Diana Shipping Inc’s shares belong to company insiders and institutional investors own 9.52% of the company’s shares. The stock has fallen by -22.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DSX stock heading into the next quarter.
