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Top Shipping Stock Dodged the Bear Market — 28% Gains Since March!

It’s hard to find winning stocks right now.

Even with last week’s rally, all three major metrics dropped for a year.

But that’s what our proprietary stock rating system is for. We can use it to find companies with better performance, even in market decline.

In March, I Encountered coming “Strong Bullish” shipping inventory. The company transports iron, coal, grain and other materials around the world.

It’s a boring (but profitable) business model in today’s market.

And his inventory soared:

  • It jumped 41% from the end of January to mid-March.
  • It jumped another 28% to a fresh 52-week high after I told you about it.

I thought the stock would go up, and Diana Shipping Inc. (Symbol: DSX) inexhaustible.

Let me tell you why this stock will continue to rise.

Shipping costs continue to rise

The Baltic Dry Index Is a stressful of the wide shipping market.

It tracks the current cost of transportation on various shipping routes. As can be seen from the chart below, the index declined after peaking in September 2021.

The index reached over 5,000 points in September 2021 – when shipping prices peaked.

By January this year he had equaled close to 4,000 points. But from January to April, the index climbed 69.5%.

This led me to direct that momentum with exceptional delivery inventory.

DSX: Stock momentum continues to climb

Diana Shipping is a global Greek freight company with a fleet of 34 land-based bulk ships operating worldwide.

It carries loads needed for the global economy:

COVID-19 has hit the global shipping industry.

Diana Shipping’s total revenue fell from $ 220.7 million in 2019 to $ 169.7 million in 2020 – a 23% year-over-year decline.

When COVID-19 subsided in 2021, the global shipping industry found its feet (pun), and DSX’s total revenue reached $ 214.2 million last year – a 26% increase from 2020.

Estimates necessitate a massive jump in the company’s annual revenue. Forecasts show that DSX could reach a total revenue of $ 290.1 ​​million this year. This will be a new record for the company and 70% higher than where it was at the time of the worst point of the epidemic.

When I recommended DSX in March, it dropped slightly from the 52-week high, but still up more than 75% in the previous 12 months.

This baptism was short-lived:

DSX reaches a new 52-week high since March

Since I recommended, the stock price has soared by another 28%. Congratulations on these gains if you bought it in March!

But I think DSX is not complete yet.

Diana Shipping Inc

DSX continues to be the stock with the highest rating in the proprietary stock rating system.

He gets a grade a 91 in total, That means we are “strong bulls” and expect it to beat the wider market At least three times over the next 12 months.

Diana Shipping Inc’s stock strength rating on May 26, 2022.

DSX continues to rank green in four of our six rankings:

  • growth In the last quarter, DSX reported on Earnings per share growth rate of 594.8% And a 61.4% increase in sales. It earns Diana Shipping a 96 On growth.
  • amplitude – Since I recommended the stock in March, its stock price Jumped by 28%. DSX Cool 85 On our momentum factor.
  • value The jump in the share price has changed Diana’s value indices, but the company is still trading with a profit-to-profit ratio and a book price below the averages of the cargo transportation industry. DSX earns a 78 On value.
  • size Diana Shipping’s market capitalization has increased by $ 100 million since March, but it’s still a large size to give us even more room to increase our profits. Smaller stocks tend to outperform larger stocks with a similar rating in the other five factors of a person’s system. DSX Score a 66 On size.

The stock is still rated neutral on volatility (60) And quality (54), But it’s important to note that these two ratings are higher than when I recommended the DSX earlier this year … so these metrics are getting better.

My bottom line remains the same: Imports and exports drive the economy no matter what happens in the world. Demand continues to grow.

Reliable freight transportation around the world will keep all these goods in motion.

DSX is a strong shipping stock with incredible growth, strong value and solid momentum.

And this global shipping inventory is still a great addition to your investment portfolio.

Safe Trading,

Matt Clark, CMSA®
Researcher, Money and Markets Analyst

Matt Clark is the research analyst at Money & Markets. He is a certified capital and securities market analyst at a corporate financial institution and contributes to Looking for alpha. Prior to joining Money & Markets, he was a journalist / editor for 25 years, covering sports colleges, business and politics.

Top Shipping Stock Dodged the Bear Market — 28% Gains Since March! Source link Top Shipping Stock Dodged the Bear Market — 28% Gains Since March!

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