Why DryShips Inc. (NASDAQ:DRYS)’s future is cloudy?

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Shares of DryShips Inc. (NASDAQ:DRYS) last traded at $1.19. The firm’s performance so far in this year is -99.86%. The 200-day simple moving average is -99.84%. It is considered a key indicator by market analysts and traders for determining the long-term trend. The price mark in a market that coincides with it is recognized as a key support when price moves above the 200-day SMA or resistance when stock price is below this level.

Dryships Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide.

DryShips Inc. (NASDAQ:DRYS) has been storming Wall Street with promising press release. Recently, the firm reported that according to the March 2017 analysis commissioned by RetailMeNot and performed by Forrester Consulting, the firm’s mobile marketing solutions result in a 3-year, risk-adjusted ROI of 4.3x.

The Barchart Technical Opinion rating is a 80% Sell with a Strongest 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.

The Exponential Moving Average is a tool same as a simple moving average, with the only difference being a weighting factor used by EMA that exponentially declines from the recent data point. EMA analysis checks the averages for different period, including short term that is 5 days and 13 days, intermediate term for 20 days and long term of 50 days EMA. The bullish signals are received when they trade above trailing EMAs and below the prevailing price and vice versa. EMA signals include crossovers and EMA convergences The 5 day EMA 1.60 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 5.68 is also higher than the current trading price depicting a bearish trend overall..

The relative strength index can be marked as a momentum oscillator that is able to read the velocity and magnitude of equity price changes. The current RSI is 27.21 suggesting a bearish price action.

DryShips Inc. (NASDAQ:DRYS) is all set to post its earnings on May 10/a. As per Zack’s analyst ratings, DryShips Inc. (NASDAQ:DRYS) presently has an average brokerage rating of . On a scale of 1 – 5, a rating of 2 or 1 would indicate a buy, and a 4 or 5 rating would signify a sell while a rating of 3 indicates a hold.

As such, while we consider DryShips Inc. (NASDAQ:DRYS) represents a convincing growth story exposed to different attractive markets, it would be enticing to see what it brings for long-term investors.

DryShips Inc. (NASDAQ:DRYS) (the “Company” or “DryShips”), a diversified owner of ocean going cargo vessels, announced today that its Board of Directors (the “Board”) has determined to effect a 1-for-5 reverse stock split of the Company’s issued common shares. At the Company’s annual general meeting of shareholders on May 2, 2017, the Company’s shareholders approved the reverse stock split and granted the Board, or a duly constituted committee thereof, the authority to determine the exact split ratio and proceed with the reverse stock split.

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