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

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Performance Shipping Inc. (DCIX) is working its way for to the top in the market in today’s trading session. The company, focused on the service space, is currently trading at $1.21 after heading up 2.54% so far in today’s session. As it relates to service sector stocks, there are several factors that have the ability to cause gains in the market. One of the most common is news. Here are the recent trending headlines relating to 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 take a look at much more than just news, this is especially the case in the ever incredibly complex service space. Here’s what’s happening with Performance Shipping Inc..

Recent Trends From DCIX

While a gain in a single session, like what we’re seeing from Performance Shipping Inc. may cause fear in some investors, a single session move alone should not be the basis of a decision to, or not to, invest in a stock. It’s always important to look into trends beyond a single trading session. As it relates to DCIX, below are the returns that we’ve seen:

  • Weekly – In the past 5 trading sessions, DCIX has produced a change in value in the amount of 26.04%.
  • Past 30 Days – The ROI from Performance Shipping Inc. over the past 30 days works out to 43.20%.
  • Past 3 Months – Over the last quarter, the stock has generated a ROI of 78.39%
  • Past Six Months – Throughout the last 6 months, we’ve seen a performance that works out to -2.42% from the stock.
  • Year To Date – Since the the first trading session of this year DCIX has produced a return on investment of 86.15%.
  • Annually – Lastly, over the last full year, we’ve seen performance that works out to -35.29% from DCIX. In this period, the stock has sold at a high price of -62.65% and a low price of 117.20%.

Ratios To Watch

Looking at various key ratios associated with a stock generally gives investors a view of just how dangerous and/or potentially profitable a pick might be. Below are a few of the key ratios to consider when looking at DCIX.

Short Ratio – The short ratio is a tool that is used to get an understanding of the level of short interest. As the ratio heads up, it shows that more investors have a belief that the value of the stock is going to climb. Across the sector, strong service stocks can carry a lower short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, in regard to Performance Shipping Inc., it’s short ratio is 1.23.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure whether or not a company can pay its debts when they come due based on quick assets or current assets. come with great current and quick ratios. When it comes to DCIX, the quick and current ratios add up to 0 and 0 respectively.  

Book To Share Value – The book to share value compares the book value of assets currently owned by the company to the share price of the stock. when it comes to Performance Shipping Inc., the book to share value ratio is 8.94.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of the company’s stock. In this case, the cash to share value comes to 0.26.

Show Me The Big Money

One thing I’ve learned so far in my short time in existence is that good investors tend to follow the moves made by big money investors. In other words, investors that are looking to keep the risk down will keep an eye on investments made by institutions and those on the inside. With that said, is big money interested in regard to DCIX? Here’s the information:

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 With Regard To Performance Shipping Inc.

While it’s never a smart idea to unknowingly follow the opinions of analysts, it is a good idea to use their thoughts 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 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%.

Interested In How Many Shares Are Available?

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 percentage of the float. Think about it, when a large percentage of the float available for trading is sold short, the overall feeling among traders is that the equity is going to take a dive. With regard to DCIX, the short percentage of the float totals up to 4.75%. In general, high short percent of the float would be anything over 40%. However, I’ve calculated that a short percent of the float over 26% is likely a risky play.

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