DryShips (DRYS) Getting Somewhat Positive Media Coverage, Study Shows

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02 June, 2017

The Market Capitalization of the company stands at 26.6 Million. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. More interesting news about DryShips Inc. On the other end, company shares have been noted 6.10% away from the low price over the last 52-weeks.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -99.73%, and has a poor year to date (YTD) performance of -99.69% which means the stock is constantly subtracting to its value from the previous fiscal year end price. After a recent check, Extended Stay America Inc (NYSE:STAY)'s 14-day RSI is presently at 66.60.

DryShips, a diversified owner of ocean going cargo vessels, received a firm commitment for a senior secured credit facility of up to $150 million with ABN AMRO Bank and Export-Import Bank of Korea (KEXIM) to partly finance the delivery of its four very large gas carriers (VLGCs). For the quarter, shares have been noted at -95.55%. Year to Date performance value (YTD perf) value is -99.69%. The average volume of a stock suggests the liquidity of a particular company. Company's distance from 20 day simple moving average is -49.99% and distance from 50-Day simple moving average is -85.69%. About 3.40 million shares traded or 40.50% up from the average.

05/05/2015 - DryShips Inc. was downgraded to "sell" by analysts at Zacks.

Price to Sale ratio of DRYS stands at 0.56 while Price to Book Ratio stands at 0. A beta under 1 indicates that the stock is less volatile than the market in theory. The company's Relative Strength Index which shows price strength now stands at 13.31. These ratios are important while doing valuation of the company or the shares of the company. The stock has gained 0.88%, reaching at $18.36 after hovering between $18.15 and $18.45. The Average True Range, a measure of volatility is at 0.79, however its weekly and monthly volatility is 11.67%, 15.96% respectively. Many equity investors may be wondering if the stock markets will find renewed energy and continue higher, or if a major correction is on the horizon.


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