Performance Shipping Inc. (NASDAQ: PSHG)’s stock price has decreased by -10.39 compared to its previous closing price of 0.77. Nevertheless, the company has seen a -22.47% plunge in its stock price over the last five trading sessions.
Is It Worth Investing in Performance Shipping Inc. (NASDAQ: PSHG) Right Now?
, and the 36-month beta value for PSHG is at 0.29. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
The average price suggested by analysts for PSHG is $90.00, The public float for PSHG is 3.74M, and currently, shorts hold a 9.27% of that float. The average trading volume for PSHG on March 16, 2023 was 568.04K shares.
PSHG’s Market Performance
PSHG stock saw a decrease of -22.47% in the past week, with a monthly decline of -75.00% and a quarterly a decrease of -80.17%. The volatility ratio for the week is 8.88%, and the volatility levels for the last 30 days are 11.84% for Performance Shipping Inc. (PSHG). The simple moving average for the last 20 days is -60.96% for PSHG stock, with a simple moving average of -85.70% for the last 200 days.
Analysts’ Opinion of PSHG
Many brokerage firms have already submitted their reports for PSHG stocks, with H.C. Wainwright repeating the rating for PSHG by listing it as a “Buy.” The predicted price for PSHG in the upcoming period, according to H.C. Wainwright is $11 based on the research report published on March 29th of the previous year 2021.
PSHG Trading at -72.64% from the 50-Day Moving Average
After a stumble in the market that brought PSHG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.61% of loss for the given period.
Volatility was left at 11.84%, however, over the last 30 days, the volatility rate increased by 8.88%, as shares sank -73.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -80.51% lower at present.
During the last 5 trading sessions, PSHG fell by -22.47%, which changed the moving average for the period of 200-days by -97.47% in comparison to the 20-day moving average, which settled at $1.6731. In addition, Performance Shipping Inc. saw -80.51% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PSHG
Current profitability levels for the company are sitting at:
- +40.47 for the present operating margin
- +49.49 for the gross margin
The net margin for Performance Shipping Inc. stands at +48.28. Equity return is now at value -12.10, with -7.40 for asset returns.
Conclusion
In conclusion, Performance Shipping Inc. (PSHG) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
