Is there hope owning DryShips Inc. (NASDAQ:DRYS)?

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How far has the equity of DryShips Inc. (NASDAQ:DRYS) come to trade at their latest price of $1.79, which gives it a market capitalization of $24.20M.

To trade now at $1.79, the stock has come from a 52-week low of $1.13%. But the current price also assesses with the 52-week hit of $-99.99%.

The Barchart Technical Opinion rating is a 80% Sell with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Weak. Long term indicators fully support a continuation of the trend. The market is in highly oversold territory. Beware of a trend reversal.

Recently, DryShips Inc. (NASDAQ:DRYS) announced that the stock’s journey to the latest price can be understood by assessing at its performance from the previous week down to the 12-months. The stock’s weekly performance was -24.79% and its monthly performance is -75.17%. For the quarter, the equity has moved -95.98% and for half-year it has moved -99.83%. So far this year the equity has moved -99.99% and for the previous 12 months it has moved -99.78%.

Studying simple moving averages also indicate the stock’s journey so far. The 20-Day Simple Moving Average is $-51.56%, the 50-Day SMA is $-86.24%, while the 200-Day SMA is $-99.79%.

DryShips Inc. (NASDAQ:DRYS), or DryShips or the Company, a diversified owner of ocean going cargo vessels, announced today that it has taken delivery of the previously announced 82,129 deadweight tons Kamsarmax drybulk carrier built in 2014. The vessel will be employed in the spot market.

Since the beginning of this year, DryShips has taken delivery of eight vessels and expects to take delivery of nine more by the end of the year.

 

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