Is Overseas Shipholding Group Inc. (OSG) A Good Investment?


Overseas Shipholding Group Inc. (NYSE:OSG) finished Thursday with a subtraction of -$0.36 to close at $2.79, a downside of -11.43 percent. An average of 647,549 shares of common stock have been traded in the last five days. There was a fall of -$0.49 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 500,702 shares traded, while the 50-day average volume stands at 382,415.

OSG stock has increased by 6.78% in the last month. The company shares reached their 1-month lowest point of $2.69 on 09/23/22. With the stock rallying to its 52-week high on 09/12/22, shares of the company touched a low of $1.64 and a high of $3.39 in 52 weeks. It has reached a new high 38 times so far this year and achieved 67.55% or $0.93 in price. In spite of this, the price is down -17.70% from the 52-week high.

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Insider Transactions

98 days have passed since Overseas Shipholding Group Inc. (OSG) last reported insider trading activity. Taylor Gary Eugene, who is Director, most recently acquired $20,000 shares at $2.06 per share on Jun 17. In this transaction, the insider spent $41,154. 10% Owner, CYRUS CAPITAL PARTNERS, L.P., disposed of 46,613 shares at a price of $2.12 on Apr 05. The insider now owns more than $98,820 worth of shares. Prior to that, 10% Owner CYRUS CAPITAL PARTNERS, L.P. went on to Sale 163,333 shares at $2.15 each on Apr 04. An amount of $351,166 was transacted.

Valuation Metrics

Overseas Shipholding Group Inc. (OSG) stock’s beta is 0.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.68, the price-to-book (PB) ratio at 0.84, and the price-to-cash flow ratio at 25.02.

Financial Health

The quick ratio of Overseas Shipholding Group Inc. for the recent quarter was 0.70, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.25 and a total debt to equity ratio of 1.33 for the recent quarter. Its gross profit as reported stood at $62.02 million compared to revenue of $359.06 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Overseas Shipholding Group Inc.’s return on assets was -1.50%.

Earnings Surprise

For the recent quarter, Overseas Shipholding Group Inc. had $411.14 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.74 million in the quarter, while revenues were grew 386.1%. Shareholders own equity worth $88.16 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Overseas Shipholding Group Inc. (OSG) price momentum. RSI 9-day as of the close on 22 September was 26.45%, suggesting the stock is oversold, with historical volatility in this time frame at 63.86%.

As of today, OSG’s price is $3.13 -14.80% or -$0.49 from its 5-day moving average. OSG is currently trading -5.96% lower than its 20-day SMA and +36.49% higher than its 100-day SMA. However, the stock’s current price level is +32.00% above the SMA50 and +57.96% above the SMA200.

The stochastic %K and %D were 26.17% and 39.86%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 17.39% and the average true range at 0.16, the RSI (14) stands at 37.00%. The stock has reached -0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.20.


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