Performance Shipping Inc. (DCIX) Stock: Seeing Gains In Today’s Session

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Performance Shipping Inc. (DCIX) is climbing in the market today. The stock, focused in the service space, is currently priced at $1.18 after climbing 27.83% so far in today’s session. When it comes to service sector companies, there are several factors that have the potential to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories associated with 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, when making a decision to invest, prospective investors should take a look at far more than news, especially in the ever highly complex service industry. Here’s what’s going on with Performance Shipping Inc..

What We’ve Seen From DCIX

While a gain in a single session, like the gain that we’re seeing from Performance Shipping Inc. might make some investors unhappy, a single session fall by itself should not be the basis of a decision to, or not to, invest in a company. It’s generally smart to take a look at trends further out than a single session. In the case of DCIX, here are the trends that investors have seen:

  • Weekly – Over the past five trading sessions, DCIX has seen a change in price amounting to 31.18%.
  • Past 30 Days – The ROI from Performance Shipping Inc. over the last 30 days has been 40.48%.
  • Past Three Months – Throughout the past quarter, the stock has produced a return on investment that comes to 68.57%
  • Past Six Months – In the previous 6 months, we have seen a change of 5.36% from the company.
  • Year To Date – Since the the last trading session of last year DCIX has produced a return on investment of 81.54%.
  • Full Year – Finally, throughout the last full year, investors have seen performance that works out to -36.90% from DCIX. Throughout this period of time, the stock has sold at a high of -63.58% and a low of 111.81%.

Ratios To Pay Attention To

Looking at various ratios having to do with a company can give investors an understanding of just how risky and/or potentially profitable a an investment option might be. Here are a few of the most important ratios to look at when looking at DCIX.

Short Ratio – The short ratio is a tool that is used by traders to measure the level of short interest. As the ratio goes higher, it means that more investors believe that the price of the stock is headed for the top. Throughout the sector, strong service sector stocks can carry a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the space. Nonetheless, when it comes to Performance Shipping Inc., it’s short ratio is 1.33.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure If a company is able to cover its debts when they come due using quick assets or current assets. do have good current and quick ratios. As far as DCIX, the quick and current ratios work out to 0 and 0 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. In the case of Performance Shipping Inc., the book to share value ratio is 8.94.

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

What Institutions And Insiders Think Of Performance Shipping Inc.

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.

Analyst Opinions Of Performance Shipping Inc.

Although it’s not a good idea to blindly follow the opinions of analysts, it is a smart idea to use their analysis when validating your own due diligence before making an investment decision in the service space. Below you’ll find the most recent moves that we have 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

Financial Performance

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, DCIX has generated revenue in the amount of $-15.90% with earnings coming in at -39.70%. On a quarter over quarter basis, earnings have seen movement of 99.50% and revenue has seen movement of -22.40%.

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 21.56M shares of Performance Shipping 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, DCIX has a float of 21.56M.

I also like to look at the short float. After all, when a large portion of the float is sold short, the overall opinion in the market is that the equity is headed for a dive. With regard to DCIX, the percentage of the float that is currently being sold short sits at 4.75%. Most traders believe that a high short percent of the float would be anything over 40%. However, I’ve found that any short ratio over 26% is likely a a play that could prove to be very risky.

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