DryShips stock: buy or sell?

DRYS stock price: $5.19 0.19% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

2

DryShips shares remained stable 0.19% to $5.19 today. On Monday DRYS climbed an astounding 26.06%.

DryShips Inc. owns and operates ocean going cargo vessels worldwide. It operates through two segments, Drybulk and Offshore Support.

Should I buy DryShips stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with DryShips stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is DryShips stock a buy?

Banks and financial institutions post stock ratings everyday. Unfortunately, we couldn't find any rating for DRYS stock for the last month.

DryShips stock analysis

Daily outlook

DryShips remained constant a tight 0.19% and closed at $5.19.

DryShips remained constant a tight 0.19% and closed at $5.19. Since price and SMA200d lines crossed up on Monday, DRYS climbed $1.36 (35.51%). From a daily perspective, DRYS is in a short term uptrend after plotting its last bottom ($3.65, on Aug/15) higher than the previous bottom, and its last top ($5.20, on August/20) also over the previous top. Now trading in between its last bottom and last top DRYS might consolidate in a plain range, waiting to break out over $5.20 or down under $3.65.

DRYS stock chart (daily)

Weekly outlook

DryShips broke up the SMA line of 200d, closing at $5.19.

Price finally broke over the resistance at $4.42 and continued climbing.

DRYS stock chart (weekly)

DryShips stock price history

DryShips IPO was on November 14th, 2016 at $95,632.20 per share1. Since then, DRYS stock sliced a -100.00%, with a yearly average of -50.00%.

1: Adjusted price after possible price splits or reverse-splits.

DryShips stock historical price chart

DRYS stock reached 52-week highs on January at $7.22, and all-time highs 2016-11-15 with a price of 672723.

DryShips stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not found any price prediction for DryShips stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on February, DryShips . As soon as we get its posted EPS from the earnings report, we will update this review.
DRYS earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-168.69n/a
2017-Q2-n/a-36.66n/a
2017-Q32017-11-21n/an/an/a
2017-Q42018-02-27n/a-0.02n/a
2018-Q12018-05-08n/a0.01n/a
2018-Q22018-07-31n/a0.02n/a
2018-Q32018-10-29n/a0.17n/a
2018-Q42019-02-28n/a0.06n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a super good increase of 84.81% to $186.14 M USD. When comparing 2018 vs 2017, similarly, profit margin (that is, the net income divided by revenues) skyrocketed a 53.94% to 11.70%.

DRYS annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,500 M-$-223.15 M-14.9%-
2014$2,186 M45.70%$-47.51 M-2.2%-78.71%
2015$970 M-55.62%$-2,847.06 M-293.6%5,892.30%
2016$52 M-94.65%$-198.69 M-382.6%-93.02%
2017$101 M93.93%$-42.54 M-42.2%-78.59%
2018$186 M84.81%$22 M11.7%-151.19%

Quarterly financial results

DryShips reported $49.26 M in revenues for 2018-Q4, a -0.61% decline compared to previous quarter. Reported quarter earnings marked $5.83 M with a profit margin of 11.83%. Profit margin collapsed a -11.58% compared to previous quarter when profit margin was 23.41%. When comparing turnover to same quarter last year, DryShips sales marked an amazing gain and boosted a 15.66%.
DRYS quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$12 M-$-11 M-90.7%-
2017-Q2$16 M38.70%$-16 M-95.5%46.03%
2017-Q3$30 M82.75%$-18 M-60.1%14.97%
2017-Q4$43 M42.29%$2 M4.2%-109.95%
2018-Q1$44 M3.43%$1 M1.8%-56.79%
2018-Q2$43 M-1.81%$4 M8.3%362.61%
2018-Q3$50 M14.58%$12 M23.4%224.47%
2018-Q4$49 M-0.61%$6 M11.8%-49.77%

DryShips ownership

When you are planning to buy shares of a stock, it's always worth to check its ownership structure.

DryShips shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 83.35% of all shares.

In case of DryShips stock, 0.77% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for DRYS stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to DryShips:

DRYSDSXEGLEESEAGASS
Market cap$451.0 M$364.9 M$0.0 M$8.1 M$133.2 M
Total shares86.9 M105.8 M0.0 M12.5 M40.1 M
Float shares14.5 M61.7 M0.0 M3.4 M26.7 M
  - Institutional holdings (%)0.8%43.2%0.0%18.9%61.1%
  - Insider holdings (%)83.4%20.2%0.0%47.5%16.3%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

DryShips summary

Thursday, August 22nd, 2019
Open$5.18
Close$5.19
Day range$5.18 - $5.19
Previous close$5.18
Session gain0.19%
Average true range$0.20
50d mov avg$3.98
100d mov avg$3.97
200d mov avg$4.70
Daily patternlt06a
Weekly pattern lb01c

DryShips performance

To better understand DryShips performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare DryShips to Diana Shipping, Eagle Bulk Shipping, Euroseas, StealthGas, Star Bulk Carriers and Tsakos Energy Navigation:
Stock3m6m12m
DRYSDryShips38.40%-1.14%7.23%
DSXDiana Shipping7.14%16.55%-19.77%
EGLEEagle Bulk Shippi...-6.19%-10.08%-11.82%
ESEAEuroseas-4.41%6.56%-58.60%
GASSStealthGas-0.60%0.30%-4.60%
SBLKStar Bulk Carrier...40.97%33.76%-22.17%
TNPTsakos Energy Nav...-4.17%-8.28%-9.39%

DryShips competitors

One check before investing in any stock is to review a list of its competitors, in this case for DryShips. We chose 6 companies as DryShips competitors as they are in the same industry or have similar market objectives.