Performance Shipping (PSHG) Stock Price, News & Analysis

Company Overview

Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2023, its fleet consisted of seven Aframax tanker vessels with a combined carrying capacity of 735,910 DWT. The company was incorporated in 2010 and is based in Athens, Greece.

Key Stats

• Today's Range: $1.83 to $1.87
• 50-Day Range: $1.84 to $2.08
• 52-Week Range: $1.70 to $2.58
• Volume: 50,518 shs
• Average Volume: 74,455 shs
• Market Capitalization: $23.00 million
• P/E Ratio: 1.23
• Dividend Yield: N/A
• Price Target: $6.50
• Consensus Rating: Buy

Performance Shipping Stock Analysis - MarketRank™

Performance Shipping scored higher than 49% of companies evaluated by MarketBeat, and ranked 87th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Performance Shipping has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Performance Shipping has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Performance Shipping is 1.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Performance Shipping is 1.23, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.82.

Price to Book Value per Share Ratio

Performance Shipping has a P/B Ratio of 0.09. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.14% of the outstanding shares of Performance Shipping have been sold short.

Short Interest Ratio / Days to Cover

Performance Shipping has a short interest ratio ("days to cover") of 18.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Performance Shipping has recently increased by 5.44%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Performance Shipping does not currently pay a dividend.

Dividend Growth

Performance Shipping does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Performance Shipping is 6.67%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.14% of the outstanding shares of Performance Shipping have been sold short.

Short Interest Ratio / Days to Cover

Performance Shipping has a short interest ratio ("days to cover") of 18.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Performance Shipping has recently increased by 5.44%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.07

News Sentiment

Performance Shipping has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Performance Shipping this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Performance Shipping insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.43% of the stock of Performance Shipping is held by insiders.

Percentage Held by Institutions

Only 19.90% of the stock of Performance Shipping is held by institutions.

PSHG Stock Analysis - Frequently Asked Questions

How have PSHG shares performed this year?

Performance Shipping's stock was trading at $2.27 on January 1st, 2024. Since then, PSHG stock has decreased by 18.5% and is now trading at $1.8501.
View the best growth stocks for 2024 here.

How were Performance Shipping's earnings last quarter?

Performance Shipping Inc. (NASDAQ:PSHG) released its quarterly earnings results on Thursday, July, 25th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The business earned $20.51 million during the quarter. Performance Shipping had a net margin of 65.32% and a trailing twelve-month return on equity of 23.47%.

When did Performance Shipping's stock split?

Shares of Performance Shipping reverse split before market open on Monday, November 14th 2022. The 1-15 reverse split was announced on Monday, November 14th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, November 14th 2022. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

How do I buy shares of Performance Shipping?

Shares of PSHG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Performance Shipping own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Performance Shipping investors own include NVIDIA (NVDA), Broadcom (AVGO), General Electric (GE), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET) and CymaBay Therapeutics (CBAY).

Company Calendar

• Last Earnings: 7/25/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:PSHG
• CUSIP: N/A
• CIK: 1481241
• Web: www.pshipping.com
• Phone: 302166002400
• Fax: 30-216-600-2599
• Employees: 209
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.50
• High Stock Price Target: $6.50
• Low Stock Price Target: $6.50
• Potential Upside/Downside: +251.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.50
• Trailing P/E Ratio: 1.23
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $69.41 million
• Net Margins: 65.32%
• Pretax Margin: 65.83%
• Return on Equity: 23.47%
• Return on Assets: 19.02%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 5.61
• Quick Ratio: 5.56

Sales & Book Value

• Annual Sales: $89.61 million
• Price / Sales: 0.26
• Cash Flow: $7.12 per share
• Price / Cash Flow: 0.26
• Book Value: $20.62 per share
• Price / Book: 0.09

Miscellaneous

• Outstanding Shares: 12,432,000
• Free Float: 12,379,000
• Market Cap: $23.00 million
• Optionable: Not Optionable
• Beta: -0.35