A share price of Diana Shipping Inc [DSX] is currently trading at $2.99, up 1.01%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DSX shares have gain 4.18% over the last week, with a monthly amount drifted -1.32%, and not seem to be holding up well over a long-time horizon.
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On 23, February 2024, Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023; Declares Cash Dividend of $0.075 Per Share for the Fourth Quarter 2023; Announces the Sale of a Capesize Dry Bulk Vessel, the m/v Houston. In a post published today on Yahoo Finance, Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $9.4 million and net income attributed to common stockholders of $7.9 million for the fourth quarter of 2023. This compares to net income of $25.7 million and net income attributed to common stockholders of $24.2 million for the fourth quarter of 2022. Earnings per share for the fourth quarter of 2023 was $0.08 basic and $0.06 diluted, compared to earnings per share of $0.28 basic and $0.27 diluted in the same quarter of 2022.
From an analyst’s perspective:
Diana Shipping Inc [NYSE: DSX] stock has seen the most recent analyst activity on September 26, 2022, when Jefferies downgraded its rating to a Hold and also revised its price target to $5 from $7. Previously, Jefferies started tracking the stock with Buy rating on July 21, 2022, and set its price target to $7. BTIG Research downgraded its rating to a Neutral. H.C. Wainwright initiated its recommendation with a Buy and recommended $9.50 as its price target on September 13, 2021. Pareto upgraded its rating to Hold for this stock on March 16, 2021. In a note dated February 23, 2021, Pareto downgraded an Sell rating on this stock.
Diana Shipping Inc experienced fluctuations in its stock price throughout the past year between $2.81 and $4.64. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. Diana Shipping Inc [NYSE: DSX] shares were valued at $2.99 at the most recent close of the market. An investor can expect a potential return of 33.78% based on the average DSX price forecast.
Analyzing the DSX fundamentals
Trailing Twelve Months sales for Diana Shipping Inc [NYSE:DSX] were 262.10M which represents -20.72% decline. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.93 points at the first support level, and at 2.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.02, and for the 2nd resistance point, it is at 3.06.
Diana Shipping Inc [DSX] reported earnings per share of $0.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of -$0.01 and a surprise factor of -25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.06 per share as compared to estimates of $0.05 per share, a difference of $0.01 representing a surprise of 20.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Diana Shipping Inc [NYSE:DSX] is 1.07. Further, the Quick Ratio stands at 1.03, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 0.66 and price to earnings (TTM) ratio is 7.08.
