Buzzing Stock: DryShips Inc. (NASDAQ:DRYS)


As per the research groups listed in Thomson Reuters survey, DryShips Inc. (NASDAQ:DRYS), the stock can touch mean price target of $35.000 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.000 per share in looming quarter and $0.070 during current fiscal.

Technical Forecast

While evaluating DryShips Inc. on the technical side, it is seen that the firm’s shares price is trading $-0.652 points away or -44.162% from its 50-day moving average of $1.477. Further it is trading $-6.121 or -88.122% away its 200-day moving average of $6.946. MA here stands for moving average.

DryShips Inc. (NASDAQ:DRYS) stock made a high of $50.000 in last 12-months while the lowest level in same period was $0.760. It entails if stock price makes a movement of over $-49.175, it will make a new 52-week high. In the case of +8.538% decline, it will touch a new 52-week low.

Valuation Level

The valuation of DryShips Inc. is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, DryShips Inc. (NASDAQ:DRYS) P/E ratio is N/A. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for DryShips Inc. it stands at 0.000.

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