Is Performance Shipping Stock a Good Investment?
Performance Shipping Investment Advice | PSHG |
- Examine Performance Shipping's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Performance Shipping's leadership team and their track record. Good management can help Performance Shipping navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Marine Transportation space and any emerging trends that could impact Performance Shipping's business and its evolving consumer preferences.
- Compare Performance Shipping's performance and market position to its competitors. Analyze how Performance Shipping is positioned in terms of product offerings, innovation, and market share.
- Check if Performance Shipping pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Performance Shipping's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Performance Shipping stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Performance Shipping is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Performance Shipping Stock
Researching Performance Shipping's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company has price-to-book ratio of 0.09. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Performance Shipping last dividend was issued on the 29th of October 2020. The entity had 1:15 split on the 15th of November 2022.
To determine if Performance Shipping is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Performance Shipping's research are outlined below:
| Performance Shipping generated a negative expected return over the last 90 days | |
| Performance Shipping may become a speculative penny stock | |
| Performance Shipping is unlikely to experience financial distress in the next 2 years | |
| Latest headline from globenewswire.com: Performance Shipping Inc. Highlights Companys Platform for Growth and Shareholder Value Creation |
Performance Shipping Quarterly Cost Of Revenue |
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Performance Shipping uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Performance Shipping. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Performance Shipping's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Performance Shipping's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Performance Shipping's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-30 | 2024-03-31 | 0.26 | 0.29 | 0.03 | 11 | ||
2024-11-25 | 2024-09-30 | 0.25 | 0.32 | 0.07 | 28 | ||
2022-11-14 | 2022-09-30 | 0.2 | 0.1 | -0.1 | 50 | ||
2022-08-05 | 2022-06-30 | -0.38 | 0.1 | 0.48 | 126 | ||
2022-02-25 | 2021-12-31 | -5.85 | -6.6 | -0.75 | 12 | ||
2021-07-30 | 2021-06-30 | -7.2 | -7.95 | -0.75 | 10 | ||
2021-05-20 | 2021-03-31 | -8.25 | -9.75 | -1.5 | 18 | ||
2021-11-09 | 2021-09-30 | -8.85 | -6.45 | 2.4 | 27 |
Know Performance Shipping's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Performance Shipping is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Performance Shipping backward and forwards among themselves. Performance Shipping's institutional investor refers to the entity that pools money to purchase Performance Shipping's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Renaissance Technologies Corp | 2024-09-30 | 101.7 K | Citadel Advisors Llc | 2024-06-30 | 70.8 K | Cable Car Capital Llc | 2024-06-30 | 53 K | Ubs Group Ag | 2024-06-30 | 27.2 K | Lpl Financial Corp | 2024-06-30 | 13.8 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 10 K | Weiss Asset Management Lp | 2024-06-30 | 0.0 | Acadian Asset Management Llc | 2024-06-30 | 0.0 | Hightower Advisors, Llc | 2024-06-30 | 0.0 | Privium Fund Management (uk) Ltd | 2024-09-30 | 0.0 |
Performance Shipping's market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 23 M.Market Cap |
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Performance Shipping's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.23 | 0.25 | |
| Return On Capital Employed | 0.27 | 0.28 | |
| Return On Assets | 0.23 | 0.25 | |
| Return On Equity | 0.30 | 0.31 |
Determining Performance Shipping's profitability involves analyzing its financial statements and using various financial metrics to determine if Performance Shipping is a good buy. For example, gross profit margin measures Performance Shipping's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Performance Shipping's profitability and make more informed investment decisions.
Evaluate Performance Shipping's management efficiency
Performance Shipping has return on total asset (ROA) of 0.0833 % which means that it generated a profit of $0.0833 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1956 %, meaning that it created $0.1956 on every $100 dollars invested by stockholders. Performance Shipping's management efficiency ratios could be used to measure how well Performance Shipping manages its routine affairs as well as how well it operates its assets and liabilities. The Performance Shipping's current Return On Tangible Assets is estimated to increase to 0.25. The Performance Shipping's current Return On Capital Employed is estimated to increase to 0.28. At this time, Performance Shipping's Return On Tangible Assets are most likely to increase slightly in the upcoming years. The Performance Shipping's current Fixed Asset Turnover is estimated to increase to 0.54, while Non Current Assets Total are projected to decrease to roughly 167.7 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 22.23 | 21.12 | |
| Tangible Book Value Per Share | 22.23 | 21.12 | |
| Enterprise Value Over EBITDA | 0.15 | 0.16 | |
| Price Book Value Ratio | 0.10 | 0.10 | |
| Enterprise Value Multiple | 0.15 | 0.16 | |
| Price Fair Value | 0.10 | 0.10 | |
| Enterprise Value | 11.5 M | 11 M |
Examining the leadership quality of Performance Shipping offers valuable insights into its operational efficiency and financial health. This analysis assists investors in making informed decisions regarding the stock.
Beta 0.196 |
Basic technical analysis of Performance Stock
As of the 21st of November, Performance Shipping holds the Risk Adjusted Performance of (0.02), coefficient of variation of (3,427), and Variance of 4.15. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Performance Shipping, as well as the relationship between them. Please check Performance Shipping standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Performance Shipping is priced some-what accurately, providing market reflects its current price of 1.85 per share. Please also confirm Performance Shipping jensen alpha, which is currently at (0.06) to check out the company can sustain itself at a future point.Performance Shipping's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Performance Shipping insiders, such as employees or executives, is commonly permitted as long as it does not rely on Performance Shipping's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Performance Shipping insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Peter Gyllenhammar Ab over six months ago Disposition of tradable shares by Peter Gyllenhammar Ab of Performance Shipping subject to Rule 16b-3 |
Understand Performance Shipping's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Performance Shipping's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.6306 | |||
| Mean Deviation | 1.5 | |||
| Coefficient Of Variation | (3,427) | |||
| Standard Deviation | 2.04 | |||
| Variance | 4.15 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.6206 | |||
| Maximum Drawdown | 11.8 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 2.7 | |||
| Skewness | 0.6877 | |||
| Kurtosis | 2.75 |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.6306 | |||
| Mean Deviation | 1.5 | |||
| Coefficient Of Variation | (3,427) | |||
| Standard Deviation | 2.04 | |||
| Variance | 4.15 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.6206 | |||
| Maximum Drawdown | 11.8 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 2.7 | |||
| Skewness | 0.6877 | |||
| Kurtosis | 2.75 |
Consider Performance Shipping's intraday indicators
Performance Shipping intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Performance Shipping stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Performance Shipping time-series forecasting models is one of many Performance Shipping's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Performance Shipping's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Performance Stock media impact
Far too much social signal, news, headlines, and media speculation about Performance Shipping that are available to investors today. That information is available publicly through Performance media outlets and privately through word of mouth or via Performance internal channels. However, regardless of the origin, that massive amount of Performance data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Performance Shipping news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Performance Shipping relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Performance Shipping's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Performance Shipping alpha.
Performance Shipping Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Performance Shipping can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Performance Shipping Corporate Management
| Eleni Leontari | Financial Director | Profile | |
| Andreas Michalopoulos | CEO, MD | Profile | |
| Captain Gavalas | Operations Director | Profile | |
| Andreas Mavrommatis | Chief Accountant | Profile | |
| Argyris Chachalis | Technical Director | Profile | |
| Aikaterini Oikonomea | Legal Counsel | Profile | |
| Anthony Argyropoulos | Chief Officer | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Performance Shipping. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in Performance Stock please use our How to Invest in Performance Shipping guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Performance Shipping. If investors know Performance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Performance Shipping listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.179 | Earnings Share 1.53 | Revenue Per Share 7.294 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0833 |
The market value of Performance Shipping is measured differently than its book value, which is the value of Performance that is recorded on the company's balance sheet. Investors also form their own opinion of Performance Shipping's value that differs from its market value or its book value, called intrinsic value, which is Performance Shipping's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Performance Shipping's market value can be influenced by many factors that don't directly affect Performance Shipping's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Performance Shipping's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Performance Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Performance Shipping's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.