Performance Shipping Inc. (DCIX) Stock: Is This Service Sector Stock Worth Your Time?

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Performance Shipping Inc. (DCIX) is trending down in the market today. The company, one that is focused in the service space, is presently trading at $1.21 after falling 2.54% so far today. In terms of service companies, there are several factors that have the potential to cause declines in the market. One of the most common is news. Here are the recent headlines 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, any time investors are making a decision to invest, investors should focus on much more than news, especially in the ever incredibly complex service sector. Here’s what’s going on with Performance Shipping Inc..

Returns That DCIX Investors Have Seen

Although a single session decline, like the fall that we’re seeing from Performance Shipping Inc. might lead to fear in some investors, a single session fall alone should not be the basis of a decision to, or not to, invest in a stock. It is generally smart to look at trends experienced by the stock just a single trading session. When it comes to DCIX, below are the movements that we have seen:

  • Past 5 Trading Sessions – Throughout the past seven days, DCIX has produced a price change amounting to 26.04%.
  • Past Month – The performance from Performance Shipping Inc. in the last 30 days has been 43.20%.
  • Past 3 Months – Throughout the last three months, the stock has produced a return of 78.39%
  • Past Six Months – In the previous six months, we’ve seen a performance that amounts to -2.42% from the company.
  • This Year So Far – Since the the first trading session of this year DCIX has produced a return on investment of 86.15%.
  • Full Year – Finally, throughout the past full year, investors have seen movement that works out to -35.29% from DCIX. Throughout this period of time, the stock has traded at a high of -62.65% and a low of 117.20%.

Ratios To Pay Attention To

Looking at various key ratios having to do with a stock can provide prospective investors a view of just how dangerous and/or potentially profitable a pick might be. Here are some of the key ratios to look at when digging into DCIX.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the price of the stock is headed for declines. Across the sector, strong service sector stocks can come with a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the industry. Nonetheless, in relation to Performance Shipping Inc., it’s short ratio amounts to 1.23.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure whether or not a company can pay its debts when they mature based on quick assets or current assets. do have strong current and quick ratios. As it relates to DCIX, the quick and current ratios come to 0 and 0 respectively.  

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

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

Moves From Big Money Players

One thing that I have come to understand in my brief period here is that smart investors tend to follow big money investors. So, investors that are looking to keep the risk down will keep their eyes on investments made by institutions as well as insiders. So, where is the big money as it relates to DCIX? Here’s the scoop:

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.

What Analysts Say About Performance Shipping Inc.

While it’s never a good idea to blindly follow the opinions of analysts, it is a smart idea to use their opinions to validate your own opinions before making an investment decision in the service sector. Here are the most recent moves that we’ve 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

What We’ve Seen In Financial 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, 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 take a look at the short float. After all, when a large percentage of the float available for trading is sold short, the overall opinion in the market is that the stock is going to fall. As far as DCIX, the percentage of the float that is shorted is 4.75%. Most traders believe that a concerning short percent of the float is considered to be anything over 40%. However, I have calculated that a short percent of the float over 26% is generally a a play that could prove to be very risky.

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