The price of Performance Shipping Inc. (NASDAQ:PSHG) shares last traded on Wall Street fell -7.95% to $2.67.
Based on available information, 1 analysts follow Performance Shipping Inc. (NASDAQ:PSHG). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $90.00 and a low of $90.00, we find $90.00. Given the previous closing price of $2.90, this indicates a potential upside of 3003.45 percent. PSHG stock price is now -25.49% away from the 50-day moving average and -76.55% away from the 200-day moving average. The market capitalization of the company currently stands at $11.21M.
Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $90.00 as their price target over the next twelve months.
With the price target of $11, H.C. Wainwright recently initiated with Buy rating for Performance Shipping Inc. (NASDAQ: PSHG).
A total of 7.55% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PSHG stock. A new stake in Performance Shipping Inc. shares was purchased by SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) during the first quarter worth $96,000. CETERA ADVISOR NETWORKS LLC invested $3,000 in shares of PSHG during the first quarter. In total, there are 15 active investors with 6.50% ownership of the company’s stock.
A candlestick chart of Performance Shipping Inc. (NASDAQ: PSHG) showed a price of $2.9000 on Tuesday morning. During the past 12 months, Performance Shipping Inc. has had a low of $2.85 and a high of $71.25. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 2.80, and a quick ratio of 2.80. The fifty day moving average price for PSHG is $3.5844 and a two-hundred day moving average price translates $11.3863 for the stock.
The latest earnings results from Performance Shipping Inc. (NASDAQ: PSHG) was released for Jun, 2022. According to the Marine Shipping Company, earnings per share came in at -$0.44, missing analysts’ expectations of -$0.39 by -0.05. This compares to -$6.42 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 0.50% for PSHG. The company reported revenue of $22.13 million for the quarter, compared to $9.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 137.18 percent.
Moreover, the firm recently paid out its quarterly dividend on 11/09/2020. Investors who held shares on 10/30/2020 were paid a $0.01 dividend.
Performance Shipping Inc.(PSHG) Company Profile
Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. It owned and operated five Aframax tanker vessels with a combined carrying capacity of 546,094 dwt. The company was incorporated in 2010 and is based in Athens, Greece.