Price Action Don’t Lie: How Analysts Feel About DryShips Inc. After Today’s Huge Decline?

Price Action Don't Lie: How Analysts Feel About DryShips Inc. After Today's Huge Decline?

The stock of DryShips Inc. (NASDAQ:DRYS) is a huge mover today! About 8.40 million shares traded hands or 670.64% up from the average. DryShips Inc. (NASDAQ:DRYS) has risen 122.22% since April 15, 2016 and is uptrending. It has outperformed by 117.60% the S&P500.
The move comes after 9 months negative chart setup for the $21.26M company. It was reported on Nov, 18 by Barchart.com. We have $10.52 PT which if reached, will make NASDAQ:DRYS worth $2.13 million less.

Analysts await DryShips Inc. (NASDAQ:DRYS) to report earnings on December, 5.

According to Zacks Investment Research, “Dryships Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide.”

More notable recent DryShips Inc. (NASDAQ:DRYS) news were published by: Investorplace.com which released: “This 1900% DryShips Inc. (DRYS) Stock Rally Will Burn You” on November 16, 2016, also Marketwatch.com with their article: “DryShips Inc. Announces Registered Direct Offering” published on November 17, 2016, Fool.com published: “Here’s Why DryShips Inc. Stock Continues to Explode Higher” on November 14, 2016. More interesting news about DryShips Inc. (NASDAQ:DRYS) were released by: Reuters.com and their article: “BRIEF-Nasdaq halts DryShips Inc” published on November 16, 2016 as well as Etfdailynews.com‘s news article titled: “Here’s What’s Fueling The Irrational Rally In Shipping Stocks” with publication date: November 17, 2016.

DRYS Company Profile

DryShips, Inc., incorporated on October 9, 2004, is a holding company. The Firm owns drybulk carriers and offshore support vessels. The Firm operates through two divisions: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a well-known provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries. Under its offshore support segment, the Company operates as a well-known provider of offshore support services to the global offshore energy industry. The Firm owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels and have an average age of approximately 3.1 years.

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