DSX Stock Summary and Trading Ideas (Diana Shipping | NYSE:DSX)

Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers through its dry bulk carrier vessels. The operation of the vessels is the main source of revenue generation, the services provided by the vessels are similar and all operate under the same economic environment.

Diana Shipping trades on the NYSE stock market under the symbol DSX.

As of May 7, 2024, DSX stock price climbed to $3.07 with 676,311 million shares trading.

DSX has a beta of 0.24, meaning it tends to be less sensitive to market movements. DSX has a correlation of 0.01 to the broad based SPY ETF.

DSX has a market cap of $368.29 million. This is considered a Small Cap stock.

Last quarter Diana Shipping reported $60 million in Revenue and $.06 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.02.

In the last 3 years, DSX stock traded as high as $6.89 and as low as $2.81.

The top ETF exchange traded funds that DSX belongs to (by Net Assets): PRFZ, EWX, SPEM, BOAT.

DSX stock has underperformed the market in the last year with a return of -4.1%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DSX shares. However, DSX has outperformed the market in the last 3 month and 2 week periods, returning +8.1% and +5.1%, while SPY returned +4.1% and +2.3%, respectively. This indicates DSX has been having a stronger performance recently.

DSX support price is $2.98 and resistance is $3.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DSX stock will trade within this expected range on the day.