DryShips Inc. (DRYS) Stock: Why It’s Climbing

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DryShips Inc. (DRYS) is climbing in the market today. The company, one that is focused in the service sector, is currently priced at $4.76 after gaining -3.64% so far in today’s session. As it relates to service sector companies, there are several aspects that have the potential to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines associated with DRYS:

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Mar-16-19 08:04AM Is This Marijuana Giant the Next DryShips?
Mar-01-19 04:21PM DryShips Inc. Announces Filing of 2018 Annual Report on Form 20-F
Feb-28-19 04:05PM Dryships Inc. Reports Financial and Operating results for the Fourth Quarter of 2018
Feb-27-19 04:05PM DryShips Inc. Announces Fourth Quarter 2018 Results Release Date
Feb-05-19 11:00AM Why DryShips Stock Fell 11% in January

However, when making an investing decision, prospective investors should focus on far more than just news, this is especially the case in the ever highly complex service space. Here’s what’s happening with DryShips Inc..

What We’ve Seen From DRYS

While a single session gain, like what we’re seeing from DryShips Inc. might make some investors fearful, a single session fall by itself shouldn’t be the reason for a decision to, or not to, invest in a company. It is generally a good idea to dig into trends for a period longer than a single session. As it relates to DRYS, below are the trends that we’ve seen:

  • Past 5 Sessions – Throughout the last seven days, DRYS has produced a price change that amounts to -3.33%.
  • Past Month – The return on investment from DryShips Inc. in the past 30 days has been -5.73%.
  • Past Quarter – In the past three months, the stock has generated a return on investment that works out to -11.63%
  • Bi-Annually – Over the past six months, we’ve seen a performance that equates to 3.13% from the stock.
  • Year To Date – Since the the last trading session of last year DRYS has generated a return on investment of -12.57%.
  • Annually – Lastly, over the last year, we’ve seen movement that works out to 19.32% out of DRYS. Throughout this period, the stock has traded at a high price of -34.07% and a low price of 40.00%.

Important Ratios

Digging into various key ratios having to do with a company can provide prospective investors a look of just how risky and/or rewarding a stock pick might be. Below are a few of the important ratios to consider when digging into DRYS.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors are expecting that the value of the stock is headed for the top. In general, strong service sector stocks can come with a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the industry. Nonetheless, when it comes to DryShips Inc., it’s short ratio is 5.64.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay its debts when they mature with only current assets or quick assets. come with good current and quick ratios. As it relates to DRYS, the quick and current ratios total up to 3.40 and 3.60 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price of the stock. In the case of DryShips Inc., that ratio is 6.50.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of shares. In terms of DRYS, the cash to share value is 1.66.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in DRYS, here’s what we’re seeing:

Institutions own 0.80% of the company. Institutional interest has moved by -52.86% over the past three months. When it comes to insiders, those who are close to the company currently own 83.35% percent of DRYS shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions Of DryShips Inc.

While it’s rarely a good idea to blindly follow the thoughts of analysts, it is a smart idea to consider their thoughts in order to validate your own opinions before making investment decisions in the service space. Here are the most recent moves that we have seen from analysts when it comes to DRYS.

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Dec-10-14 Reiterated Deutsche Bank Hold $2 → $1
Oct-28-14 Upgrade Imperial Capital Underperform → Outperform $1.40 → $1.90
Oct-13-14 Downgrade Imperial Capital Outperform → Underperform $4 → $1.40
Sep-18-14 Initiated Clarkson Capital Hold
Sep-16-14 Initiated Deutsche Bank Buy $5

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, DRYS has generated revenue in the amount of $-34.10% with earnings coming in at -59.30%. On a quarter over quarter basis, earnings have seen movement of 34.30% and revenue has seen movement of 15.70%.

Looking At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 85.71M shares of DryShips Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, DRYS has a float of 14.47M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to DRYS, the short percent of the float is 15.74%.

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