Himalaya Shipping Ltd. (NYSE: HSHP) stock fell -0.81% on Friday to $4.90 against a previous-day closing price of $4.94. With 1.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.15 million shares. The 52-week range on HSHP shows that it touched its highest point at $6.61 and its lowest point at $4.66 during that stretch.
Float and Shares Shorts:
At present, 40.78 million HSHP shares are outstanding with a float of 22.45 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.42 million, which was 1.03% higher than short shares on Jul 30, 2023. In addition to Mr. Herman Alf Billung as the firm’s CEO of 2020 Bulkers Management AS-Mang. & Acting CFO, Ms. Alfi Lao serves as its Chief Accounting Officer & Financial Controller.
Other institutions hold — of HSHP, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 4.37% stake in HSHP, the DNB SMB is the largest stakeholder. A total of 1,780,477 shares are owned by the mutual fund manager. The Fidelity Dividend Growth Fund, which owns about 3.04% of HSHP stock, is the second-largest Mutual Fund holder. It holds 1,240,700 shares valued at 6.44 million. UniEuropa Mid&Small Caps holds 1.85% of the stake in HSHP, owning 752,629 shares worth 3.91 million.
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 Jun 29, 2023, HSHP reported revenue of $0.00 and operating income of -$600.00k. The EBITDA in the recently reported quarter was -$600.00k and diluted EPS was -$0.02.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HSHP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HSHP analysts setting a high price target of $9.98 and a low target of $3.62, the average target price over the next 12 months is $6.96. Based on these targets, HSHP could surge 103.67% to reach the target high and fall by -26.12% to reach the target low. Reaching the average price target will result in a growth of 42.04% 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.
Summary of Insider Activity:
Insiders traded HSHP 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 increased to 3 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 347,241 while 0 shares were sold.