At the last check on Thursday, Performance Shipping Inc.’s (NASDAQ:PSHG) stock was up $0.18, moving up 9.90 percent to $2.01. The average number of shares traded per day over the past five days has been 1,216,826 shares. 3 times new highs have been achieved over the past 5 days, with a $0.6200 gain in that time frame. In the last twenty days, the average volume was 665,167, while in the previous 50 days, it was 380,171.
Since last month, PSHG stock rose 82.84%. Shares of the company fell to $0.9525 on 08/01/23, the lowest level in the past month. A 52-week high of $5.18 was reached on 01/03/23 after having rallying from a 52-week low of $0.68. Since the beginning of this year, PSHG’s stock price has dropped by -43.19% or -$1.4900, and marked a new high 1 time. However, the stock has declined by -61.14% since its 52-week high.
Valuation Metrics
Right now, Performance Shipping Inc. (PSHG) has a P/E ratio of about 0.76. The stock’s beta is 0.05. Besides these, the trailing price-to-sales (P/S) ratio of 0.20, the price-to-book (PB) ratio of 0.12, and the price-to-cash flow ratio of 0.29 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.60, and the total debt-to-equity ratio was 0.60. On the profitability front, the trailing twelve-month gross margin is 76.10% percent. In the year ended December 30, EBITDA margin amounted to 52.81%, whereas operating margins totaled 67.10%. Based on annual data, PSHG earned $46.48 million in gross profit and brought in $75.17 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 14.10%. Return on equity (ROE) for the past 12 months was 25.50%.
In Performance Shipping Inc.’s quarter-end financial report for December 30, it reported total debt of $110.93 million. PSHG’s revenue rose 44.06% during the quarter, while net income inched up to $75.17 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 $19.8 million in EBITDA. The liabilities of Performance Shipping Inc. were 126.59 million at the end of its most recent quarter ended December 30, and its total debt was $119.43 million.
Technical Picture
This quick technical analysis looks at Performance Shipping Inc.’s (PSHG) price momentum. With a historical volatility rate of 120.45%, the RSI 9-day stood at 81.03% on 30 August.
With respect to its five-day moving average, the current Performance Shipping Inc. price is up by +43.36% percent or $0.6200. At present, PSHG shares trade +86.36% above its 20-day simple moving average and +135.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +182.84% above its SMA50 and -56.64% below its SMA200.
Stochastic coefficient K was 83.27% and Stochastic coefficient D was 79.55%, while ATR was 0.1929. Given the Stochastic reading of 95.28% for the 14-day period, the RSI (14) reading has been calculated as 80.17%. As of today, the MACD Oscillator reading stands at 0.2167, while the 14-day reading stands at 0.2898.
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. Performance Shipping Inc. (PSHG) has been rated Buy by analysts. According to 0 brokerage firms, PSHG is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Performance Shipping Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $4.00 – $4.00. Based on these forecasts, analysts predict Performance Shipping Inc. (PSHG) will achieve an average price target of $4.00.
