Performance Shipping Inc (NASDAQ:PSHG) does about 63.96K shares in volume on a normal day but saw 1046951 shares change hands in the recent trading day. The company now has a market cap of 25.36M USD. Its current market price is $2.04, marking a decrease of -3.32% compared to the previous close of $2.11. The 52 week high reached by this stock is $2.28 whilst the lowest price level in 52 weeks is $1.30.
The consensus objective for the share price is $5.75, suggesting that the stock has a potential upside of 64.52% over the period.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 29, 2021 when H.C. Wainwright initiated the stock to “Buy” and issued a price target of $11.
The current price level is 21.43%, 33.51%, and 18.69% away from its SMA20, SMA50, and SMA200 respectively, with the PSHG price moving below the 50-day SMA on current market day. Performance Shipping Inc (PSHG) stock is up 22.89% over the week and 44.68% over the past month. Its price is 9.68% year-to-date and -7.69% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $21.19M, which analysts say will come at $87.2M for the current fiscal year and next year at $113.87M. In addition, estimates put the company’s current quarterly revenue at an average of $21.11M.
To reach the target analysts have set, the stock logically needs to grow 64.52 percent from here.
The company has a return on investment of 17.10% and return on equity of 22.49%. The price to earnings ratio (P/E ratio) amounts to 1.33 while the forward price to earnings ratio is 2.00. The beta has a value of -0.07. Price to book ratio is 0.08 and price to sales ratio is 0.29.
