Recoiled Stocks in Momentum: DryShips, Inc. (NASDAQ:DRYS), FedEx Corporation (NYSE:FDX)

Several matter pinch shares of DryShips, Inc. (NASDAQ:DRYS) [Trend Analysis], as shares surging 1.63% to $4.99 with a share volume of 10.72 Million. DryShips Inc. (DRYS) reported that, subject to definitive documentation, it has reached an contract with Sifnos Shareholders Inc., an entity controlled by our Founder and Chairman Mr. Economou, for the refinancing of the majority of its outstanding debt under a virtue of a new senior secured revolving facility.

Under the terms of the New Revolver, Sifnos will extend a new loan of up to $200.0 million secured by all of the Company’s present and future assets except the MV Raraka which will continue to be financed by its existing commercial lender. The new loan will carry an interest rate of Libor plus 5.5%, is non-amortizing, has a tenor of 3 years, has no financial covenants and will be arranged at a cost of 2.0%. In addition, Sifnos will have the ability to participate in realized asset value increases of the collateral base in a fixed percentage of 30%.

The stock is going forward its 52-week low with 42.17% and moving down from its 52-week high price with -98.85%. To have technical analysis views, liquidity ratio of a company was calculated 0.60 as evaluated with its debt to equity ratio of 15.40. The float short ratio was 33.56%, as compared to sentiment indicator; Short Ratio was 0.05.

Shares of FedEx Corporation (NYSE:FDX) [Trend Analysis] runs in leading trade, it moving up 0.58% to traded at $197.62. The firm has price volatility of 1.67% for a week and 1.25% for a month. Its beta stands at 1.17 times. Looking over the FDX ranking chart, the FDX got 15 analysts recommendation as a Buy security in previous month pool in contrast with 16 analysts gave buy ratings at this month. The call for hold was given by 8 analysts. Overall the consensus ratings were for Overweight as compared to Overweight rating in last month, courtesy to WSJ.

Struggling to find a way in profitable zone, the current EPS estimate trend for the next year first quarter was $2.71 while three months ago that trend was for $2.71. This contrasts with this year Q4 current estimates trend of $2.90 while for one month was for $2.90. The fiscal year 2016 current estimate trend was for $12.14 as compared to FY 2017 current Estimate trends of $13.56.

Narrow down four to firm performance, its weekly performance was -0.06% and monthly performance was 7.11%. The stock price of FDX is moving up from its 20 days moving average with 2.23% and isolated positively from 50 days moving average with 8.26%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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