Performance Shipping Inc. (NASDAQ: PSHG) stock fell -6.78% on Friday to $0.28 against a previous-day closing price of $0.29. With 3.39 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.32 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $0.2910 whereas the lowest price it dropped to was $0.2630. The 52-week range on PSHG shows that it touched its highest point at $6.10 and its lowest point at $0.22 during that stretch. Beta for the stock currently stands at 0.67.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PSHG was up-trending over the past week, with a rise of 12.34%, but this was down by -52.78% over a month. Three-month performance dropped to -89.54% while six-month performance fell -91.09%. The stock lost -94.62% in the past year, while it has lost -92.59% so far this year. A look at the trailing 12-month EPS for PSHG yields -5.87 with Next year EPS estimates of 4.04. For the next quarter, that number is -0.66. This implies an EPS growth rate of -368.20% for this year and 5871.40% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -39.70%.
Float and Shares Shorts:
At present, 2.59 million PSHG shares are outstanding with a float of 2.17 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.66 million, which was 6.36% higher than short shares on Jun 14, 2022. In addition to Mr. Andreas Nikolaos Michalopoulos as the firm’s MD, CEO, Sec. & Director, Mr. Anthony C. Argyropoulos serves as its Chief Financial Officer.
Through their ownership of 10.75% of PSHG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 14.52% of PSHG, in contrast to 1.90% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PSHG with 9.86% of the stake, Cable Car Capital LLC holds 2,700,000 shares worth 2,700,000. A second-largest stockholder of PSHG, L1 Capital Global, Inc., holds 1,500,000 shares, controlling over 5.48% of the firm’s shares. Ruffer LLP is the third largest shareholder in PSHG, holding 105,572 shares or 0.39% stake. With a 1.02% stake in PSHG, the LF Ruffer Investment Funds – Equi is the largest stakeholder. A total of 105,572 shares are owned by the mutual fund manager. The HBOS Specialised Invt. Funds ICVC, which owns about 0.74% of PSHG stock, is the second-largest Mutual Fund holder. It holds 76,817 shares valued at 42326.0. Fidelity Nasdaq Composite Index F holds 0.15% of the stake in PSHG, owning 40,265 shares worth 22186.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, PSHG reported revenue of $8.57M and operating income of -$1.68M. Over the past year, revenue came in at $36.66M while operating income stood at -$7.30M. It generated -$2.08M net income for the quarter, which came to -$8.93M over the last twelve months. The EBITDA in the recently reported quarter was -$1.68M and diluted EPS was -$3.43. EBITDA for the full year was -$7.96M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSHG since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PSHG analysts setting a high price target of $6.00 and a low target of $6.00, the average target price over the next 12 months is $6.00. Based on these targets, PSHG could surge 2042.86% to reach the target high and rise by 2042.86% to reach the target low. Reaching the average price target will result in a growth of 2042.86% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PSHG will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of -$0.07 being high and -$0.07 being low. For PSHG, this leads to a yearly average estimate of -$0.07. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Performance Shipping Inc. reported -$3.43 EPS. The surprise factor in the prior quarter was -$0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.66 and the low estimate is -$0.66. The average estimate for the next quarter is thus -$0.66.
Dividends & Yield:
In terms of dividends, PSHG has a dividend of $17569.14 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PSHG currently yields $2.12. In the past year, PSHG’s dividend yield has been $2.12, but when looking at the stock over the past five years, its yield has been $10.29. Accordingly, PSHG has a current buyback yield of $0.00. This was $0.00 for the TTM.
Summary of Insider Activity:
Insiders traded PSHG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.