Performance Shipping Inc. (DCIX) Stock: Here’s What’s Happening

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Performance Shipping Inc. (DCIX) is climbing in the market today. The company, one that is focused in the service industry, is currently trading at $1.18 after gaining 27.83% so far in today’s session. In terms of service sector stocks, there are quite a few aspects that have the ability to cause price movement in the market. One of the most common is news. Here are the recent trending headlines centered around DCIX:

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Mar-19-19 09:27AM Performance Shipping Inc. Announces the Filing of Its 2018 Annual Report on Form 20-F
Feb-25-19 09:19AM Diana Containerships Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2018
Feb-05-19 08:32AM Diana Containerships Inc. Announces the Date for Reporting the 2018 Fourth Quarter and Year-End Financial Results
Jan-15-19 08:32AM Diana Containerships Inc. Announces Receipt of Nasdaq Notice
Jan-09-19 04:15PM Diana Containerships Inc. Announces Share Repurchase Program

However, any time investors are making a decision with regard to investing, investors should focus on much more than news, especially in the ever incredibly complex service industry. Here’s what’s happing when it comes to Performance Shipping Inc..

Recent Movement From DCIX

Although a move toward the top in a single session, like the move that we’re seeing from Performance Shipping Inc. may lead to fear in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It’s generally important to look into trends beyond a single trading day. In the case of DCIX, below are the returns that we’ve seen:

  • Past 7 Days – In the past 7 days, DCIX has produced a change in value that amounts to 31.18%.
  • Past Month – The monthly ROI from Performance Shipping Inc. works out to 40.48%.
  • Past Three Months – Throughout the last quarter, the company has produced a return that comes to 68.57%
  • Past Six Months – In the previous six months, investors have seen a change that works out to 5.36% from the company.
  • YTD – Since the open of this year DCIX has produced a ROI of 81.54%.
  • Full Year – Finally, over the past full year, we’ve seen a change that works out to -36.90% from DCIX. Throughout this period of time, the stock has traded at a high price of -63.58% and a low of 111.81%.

Key Ratios

Digging into a few ratios having to do with a company can provide prospective traders a look of just how dangerous and/or rewarding a pick may be. Here are a few of the most important ratios to think about when looking at DCIX.

Short Ratio – The short ratio is a tool that’s used to measure the level of short interest. As the short ratio climbs, it means that more investors are expecting that the value of the stock is headed for the top. Throughout the sector, strong service stocks can come with a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the space. Nonetheless, with regard to Performance Shipping Inc., it’s short ratio comes to 1.23.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts as they mature using quick assets or current assets. come with strong current and quick ratios. In terms of DCIX, the quick and current ratios add up to 0 and 0 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets owned by the company. In this particular case, that ratio is 8.94.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of shares. In this case, the cash to share value comes to 0.26.

Moves From Big Money Players

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 DCIX, here’s what we’re seeing:

Institutions own 0.80% of the company. Institutional interest has moved by 12.38% over the past three months. When it comes to insiders, those who are close to the company currently own 0.70% percent of DCIX shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

How Analysts Feel About Performance Shipping Inc.

Although it’s not a smart idea to blindly follow the opinions of analysts, it is a smart idea to use their opinions in order to validate your own when it comes to making an investment decision in the service space. Here are the recent moves that we’ve seen from analysts as it relates to DCIX.

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Jul-27-16 Downgrade BB&T Capital Mkts Buy → Hold
Nov-20-15 Downgrade Wells Fargo Market Perform → Underperform
Feb-20-15 Initiated Global Hunter Securities Neutral
Sep-18-14 Resumed Clarkson Capital Buy
May-14-14 Downgrade Euro Pacific Capital Buy → Hold $4.75 → $3.50

What We’ve Seen In Financial Results

What have ween seen from DCIX in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – Currently, analysts expect that Performance Shipping Inc. will generate EPS in the amount of 0, with 0 being announced in the report for the current quarter. Although this data is not based on earnings, because we are chatting on the topic of Wall St. analysts, Performance Shipping Inc. is currently graded as a 0 on a scale from 1 to 5 where 1 is the worst possible Wall Street analyst rating and 5 is the best.
  • 5-Year Sales – Over the last half decade, Performance Shipping Inc. has generated a movement in sales that works out to -15.90%. Earnings in the last half decade have generated movement in the amount of -39.70%.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly explained in today’s society, Performance Shipping Inc. has experienced a change in earnings that comes to a total of 99.50%. DCIX has also seen a change in terms of revenue in the amount of -22.40%.

Float Information

Investors and traders tend to be interested in the counts of shares both available and outstanding. As far as Performance Shipping Inc., currently there are 21.56M with a float of 21.56M. These numbers mean that out of the total of 21.56M shares of DCIX in existence today, 21.56M are able to be traded on the public market.

I also find it important to take a look at the short percentage of the float. After all, when a large percentage of the float is sold short, the overall feeling in the market is that the company is going to lose value. In regard to DCIX, the percentage of the float that is sold short is 4.75%. Most traders believe that a concerning short percent of the float would be any percentage over 40%. In my research, I’ve calculated that any short percent of the float over 26% is likely a a play that could prove to be very risky.

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