Himalaya Shipping (HSHP) Stock Price, News & Analysis

Company Overview

Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.

Key Stats

• Today's Range: $4.54 to $4.74
• 50-Day Range: $4.68 to $7.94
• 52-Week Range: $4.54 to $9.76
• Volume: 251,181 shs
• Average Volume: 108,761 shs
• Market Capitalization: $183.42 million
• P/E Ratio: 3.31
• Dividend Yield: 4.35%
• Price Target: N/A
• Consensus Rating: Sell

Himalaya Shipping Stock Analysis - MarketRank™

Himalaya Shipping scored higher than 30% of companies evaluated by MarketBeat, and ranked 108th 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: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Himalaya Shipping.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Himalaya Shipping is 3.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Himalaya Shipping is 3.31, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.84.

Price to Book Value per Share Ratio

Himalaya Shipping has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.39% of the float of Himalaya Shipping has been sold short.

Short Interest Ratio / Days to Cover

Himalaya Shipping has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Himalaya Shipping has recently decreased by 39.25%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Himalaya Shipping is a leading dividend payer. It pays a dividend yield of 3.93%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

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

Dividend Coverage

The dividend payout ratio of Himalaya Shipping is 14.39%. 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

1.39% of the float of Himalaya Shipping has been sold short.

Short Interest Ratio / Days to Cover

Himalaya Shipping has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Himalaya Shipping has recently decreased by 39.25%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

3 people have searched for HSHP on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

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

Insider Buying vs. Insider Selling

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

Percentage Held by Institutions

Only 22.33% of the stock of Himalaya Shipping is held by institutions.

HSHP Stock Analysis - Frequently Asked Questions

How have HSHP shares performed this year?

Himalaya Shipping's stock was trading at $6.76 on January 1st, 2024. Since then, HSHP shares have decreased by 32.0% and is now trading at $4.60.
View the best growth stocks for 2024 here.

When did Himalaya Shipping IPO?

Himalaya Shipping (HSHP) raised $45 million in an IPO on Friday, March 31st 2023. The company issued 7,720,000 shares at a price of $5.80 per share.

Who are Himalaya Shipping's major shareholders?

Himalaya Shipping's top institutional shareholders include State Street Corp (0.92%), Geode Capital Management LLC (0.86%), Barclays PLC (0.29%) and Barclays PLC (0.29%).

How do I buy shares of Himalaya Shipping?

Shares of HSHP 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 Himalaya Shipping own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Himalaya Shipping investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Palo Alto Networks (PANW), Invesco QQQ (QQQ) and ServiceNow (NOW).

Company Calendar

• Ex-Dividend for 11/29 Dividend: 11/18/2024
• Dividend Payable: 11/29/2024
• Ex-Dividend for 1/3 Dividend: 12/16/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/03/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NYSE:HSHP
• Previous Symbol: NYSE:HSHP
• CUSIP: N/A
• CIK: 1959455
• Web: himalaya-shipping.com
• Phone: 441-737-0152
• Fax: N/A
• Employees: 2
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $1.39
• Trailing P/E Ratio: 3.31
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $1.51 million
• Net Margins: 21.93%
• Pretax Margin: 21.93%
• Return on Equity: 15.72%
• Return on Assets: 3.14%

Debt

• Debt-to-Equity Ratio: 4.34
• Current Ratio: 0.87
• Quick Ratio: 0.87

Sales & Book Value

• Annual Sales: $112.30 million
• Price / Sales: 1.63
• Cash Flow: $0.27 per share
• Price / Cash Flow: 17.30
• Book Value: $3.87 per share
• Price / Book: 1.19

Miscellaneous

• Outstanding Shares: 39,873,000
• Free Float: N/A
• Market Cap: $183.42 million
• Optionable: Not Optionable
• Beta: 2.36