This Analyst Recently Issued Research Note On Performance Shipping Inc. (PSHG)

As of Wednesday close, Performance Shipping Inc.’s (NASDAQ:PSHG) stock was down -$0.01, moving down -1.16 percent to $0.68. The average number of shares traded per day over the past five days has been 1,306,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0486 fall in that time frame. In the last twenty days, the average volume was 2,702,585, while in the previous 50 days, it was 1,104,600.

Since last month, PSHG stock retreated -75.80%. Shares of the company fell to $0.5656 on 06/22/22, the lowest level in the past month. A 52-week high of $6.14 was reached on 03/08/22 after having rallying from a 52-week low of $0.62. Since the beginning of this year, PSHG’s stock price has dropped by -81.67% or -$3.0300, and marked a new high 3 times. However, the stock has declined by -88.93% since its 52-week high.

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Valuation Metrics

The stock’s beta is 0.66. Besides these, the trailing price-to-sales (P/S) ratio of 0.05, the price-to-book (PB) ratio of 0.04.

Financial Health

In the three months ended December 30, Performance Shipping Inc.’s quick ratio stood at 1.00, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.48, and the total debt-to-equity ratio was 0.57. On the profitability front, the trailing twelve-month gross margin is 13.70% percent. In the year ended December 30, operating margins totaled -23.40%. Based on annual data, PSHG earned $4.99 million in gross profit and brought in $36.49 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.20%. Return on equity (ROE) for the past 12 months was -10.70%.

In Performance Shipping Inc.’s quarter-end financial report for December 30, it reported total debt of $49.9 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PSHG’s revenue rose 36.15% during the quarter, while net income inched up to $42.05 million. While analysts expected Performance Shipping Inc. to report -$0.39 quarterly earnings, the actual figure was -$0.44 per share, beating the consensus estimate by -12.80%. During the quarter, the company generated -$2.2 million in EBITDA. The liabilities of Performance Shipping Inc. were 58.26 million at the end of its most recent quarter ended December 30, and its total debt was $49.98 million.

Technical Picture

This quick technical analysis looks at Performance Shipping Inc.’s (PSHG) price momentum. With a historical volatility rate of 98.06%, the RSI 9-day stood at 27.25% on 22 June.

With respect to its five-day moving average, the current Performance Shipping Inc. price is down by -6.67% percent or -$0.0486. At present, PSHG shares trade -71.19% below its 20-day simple moving average and -77.96% percent below its 100-day simple moving average. However, the stock is currently trading approximately -76.10% below its SMA50 and -86.67% below its SMA200.

Stochastic coefficient K was 18.99% and Stochastic coefficient D was 14.80%, while ATR was 0.1458. Given the Stochastic reading of 29.76% for the 14-day period, the RSI (14) reading has been calculated as 27.41%. As of today, the MACD Oscillator reading stands at -0.0166, while the 14-day reading stands at -0.0161.

Analyst Ratings

H.C. Wainwright launched its rating on Performance Shipping Inc. (NASDAQ: PSHG) to a Buy in a note to investors on March 29, 2021.


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