How to buy Performance Shipping stock - 17 April

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How to buy Performance Shipping stock

Own Performance Shipping stock in just a few minutes.

Performance Shipping Inc is a marine shipping business based in the US. Performance Shipping shares (PSHG) are listed on the NASDAQ and all prices are listed in US Dollars. Performance Shipping employs 151 staff and has a trailing 12-month revenue of around USD$42 million.

How to buy shares in Performance Shipping

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Performance Shipping. Find the stock by name or ticker symbol: PSHG. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Performance Shipping reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Performance Shipping, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Performance Shipping. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Performance Shipping share price

Use our graph to track the performance of PSHG stocks over time.

Performance Shipping shares at a glance

Information last updated 2021-04-16.
52-week rangeUSD$3.98 - USD$8.5337
50-day moving average USD$5.5397
200-day moving average USD$4.5386
Wall St. target priceUSD$11
PE ratio N/A
Dividend yield USD$0.4 (7.97%)
Earnings per share (TTM) USD$-0.9471

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Performance Shipping stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Performance Shipping under- or over-valued?

Valuing Performance Shipping stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Performance Shipping's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Performance Shipping's EBITDA

Performance Shipping's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$10.1 million.

The EBITDA is a measure of a Performance Shipping's overall financial performance and is widely used to measure a its profitability.

Performance Shipping financials

Revenue TTM USD$42 million
Operating margin TTM 10.25%
Gross profit TTM USD$18.4 million
Return on assets TTM 1.87%
Return on equity TTM 2.4%
Profit margin 8.98%
Book value N/A
Market capitalisation USD$24.6 million

TTM: trailing 12 months

Shorting Performance Shipping shares

There are currently 5,913 Performance Shipping shares held short by investors – that's known as Performance Shipping's "short interest". This figure is 154.9% up from 2,320 last month.

There are a few different ways that this level of interest in shorting Performance Shipping shares can be evaluated.

Performance Shipping's "short interest ratio" (SIR)

Performance Shipping's "short interest ratio" (SIR) is the quantity of Performance Shipping shares currently shorted divided by the average quantity of Performance Shipping shares traded daily (recently around 39420). Performance Shipping's SIR currently stands at 0.15. In other words for every 100,000 Performance Shipping shares traded daily on the market, roughly 150 shares are currently held short.

However Performance Shipping's short interest can also be evaluated against the total number of Performance Shipping shares, or, against the total number of tradable Performance Shipping shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Performance Shipping's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Performance Shipping shares in existence, roughly 0 shares are currently held short) or 0.0023% of the tradable shares (for every 100,000 tradable Performance Shipping shares, roughly 2 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Performance Shipping.

Find out more about how you can short Performance Shipping stock.

Performance Shipping share dividends

1%

Dividend payout ratio: 0.8% of net profits

Recently Performance Shipping has paid out, on average, around 0.8% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.97% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Performance Shipping shareholders could enjoy a 7.97% return on their shares, in the form of dividend payments. In Performance Shipping's case, that would currently equate to about $0.4 per share.

While Performance Shipping's payout ratio might seem low, this can signify that Performance Shipping is investing more in its future growth.

Performance Shipping's most recent dividend payout was on 1 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 28 October 2020 (the "ex-dividend date").

Have Performance Shipping's shares ever split?

Performance Shipping's shares were split on a 1:7 basis on 1 November 2017. So if you had owned 7 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Performance Shipping shares – just the quantity. However, indirectly, the new 600% higher share price could have impacted the market appetite for Performance Shipping shares which in turn could have impacted Performance Shipping's share price.

Performance Shipping share price volatility

Over the last 12 months, Performance Shipping's shares have ranged in value from as little as $3.98 up to $8.5337. A popular way to gauge a stock's volatility is its "beta".

PSHG.US volatility(beta: 1.12)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Performance Shipping's is 1.1208. This would suggest that Performance Shipping's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Performance Shipping overview

Performance Shipping Inc. , through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. As of April 7, 2021, 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. .

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