Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Performance Shipping (PSHG)
NASDAQ:PSHG
Performance Shipping (PSHG) Stock Price & Analysis
339 Followers
PSHG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$0.81 - $2.58
Previous Close$2.13
Volume39.19K
Average Volume (3M)86.32K
Market Cap
$26.22M
Enterprise Value$13.87M
Total Cash (Recent Filing)$67.27M
Total Debt (Recent Filing)$54.92M
Price to Earnings (P/E)1.3
Beta0.94
Next Earnings
Jul 31, 2024EPS Estimate
$0.26Last Dividend Ex-Date
Oct 29, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)1.61
Shares Outstanding12,279,676
10 Day Avg. Volume80,490
30 Day Avg. Volume86,320
Standard Deviation0.24
R-Squared0.00210
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)0.12
Price to Sales (P/S)0.25
Price to Cash Flow (P/CF)0.70
P/FCF Ratio0.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.36
Enterprise Value/Gross Profit0.13
Enterprise Value/Ebitda0.85
Forecast
1Y Price Target
$5.00Price Target Upside134.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Performance Shipping News
PremiumCompany Announcements
Performance Shipping Secures Profitable Charter
PremiumCompany Announcements
Performance Shipping Strikes High-Value Charter DealBulls Say, Bears Say
Bulls Say
Financial StrategyAnalyst recommends a 'Buy' based on PSHG's effective use of free cash flow to enhance cash positions, reduce debt, and repurchase shares, showcasing strong financial management.
Market DynamicsRerouting of tanker fleets due to recent events is expected to lead to longer voyages and higher charter rates, presenting a positive outlook for companies like PSHG.
ValuationPSHG is currently trading at a significant discount to its adjusted book value, with analysts setting a $5 price target, suggesting an undervalued stock with potential upside.
Bears Say
Earnings Miss4Q23 revenue exceeded forecasts, yet earnings per share fell short due to lower gains from a previously announced ship sale.
Financial OutlookAnalyst adjusts 2024 earnings per share forecast downward, citing increased operating expenses.
Revenue ForecastAnalyst projects a downturn in revenue over the coming years, attributed to a shrinking operating fleet and anticipated declines in Time Charter Equivalent rates.
---
Ownership Overview
4.31%
Insiders
0.04% Mutual Funds
0.53% Other Institutional Investors
95.13% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
PSHG FAQ
What was Performance Shipping’s price range in the past 12 months?
Performance Shipping lowest stock price was $0.81 and its highest was $2.58 in the past 12 months.
What is Performance Shipping’s market cap?
Currently, no data Available
When is Performance Shipping’s upcoming earnings report date?
Performance Shipping’s upcoming earnings report date is Jul 31, 2024 which is in 8 days.
How were Performance Shipping’s earnings last quarter?
Performance Shipping released its earnings results on May 30, 2024. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03.
Is Performance Shipping overvalued?
According to Wall Street analysts Performance Shipping’s price is currently Undervalued.
Does Performance Shipping pay dividends?
Performance Shipping pays a Notavailable dividend of $1.35 which represents an annual dividend yield of N/A. See more information on Performance Shipping dividends here
What is Performance Shipping’s EPS estimate?
Performance Shipping’s EPS estimate is $0.26.
How many shares outstanding does Performance Shipping have?
Performance Shipping has 12,310,930 shares outstanding.
What happened to Performance Shipping’s price movement after its last earnings report?
Performance Shipping reported an EPS of $0.29 in its last earnings report, beating expectations of $0.26. Following the earnings report the stock price went up 3.03%.
Which hedge fund is a major shareholder of Performance Shipping?
Currently, no hedge funds are holding shares in PSHG
---
Performance Shipping Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$5.00 (134.74% Upside)
$5.00 (134.74% Upside)
Blogger Sentiment
Bullish
PSHG Sentiment 100%
Sector Average 68%
Sector Average 68%
Crowd Wisdom
Very Negative
Last 7 Days ▼ 5.7%
Last 30 Days ▼ 5.6%
Last 30 Days ▼ 5.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
147.67%
12-Months-Change
Fundamentals
Return on Equity
30.57%
Trailing 12-Months
Asset Growth
-3.42%
Trailing 12-Months
Company Description
Performance Shipping
Performance Shipping, Inc. engages in the provision of shipping transportation services through its ownership of containerships. Its vessels are employed primarily on time charters with liner companies carrying containerized cargo along worldwide shipping routes. Its fleet include the following vessels: Sagitta, CEntaurus, New Jersey, Pamina, Domingo, Puelo, Pucon, March, Great, Hamburg, and Rotterdam. The company was founded on January 7, 2010 and is headquartered in Athens, Greece.
---
PSHG Stock 12 Month Forecast
Average Price Target
$5.00
▲(134.74% Upside)
Technical Analysis
Best Analysts Covering PSHG
1 Year
1 Year Success Rate
4/6 ratings generated profit
1 Year Average Return
+7.20%
reiterated a buy rating 2 months ago
Copying Tate Sullivan's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +7.20% per trade.
---