How to Buy Performance Shipping Stock
Performance Shipping Inc
Performance Shipping Inc. , through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide.
Performance Shipping stock last closed at $2.05, up 5.13% from the previous day, and has increased 129.31% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.97 percentage points. Performance Shipping stock is currently +202.36% from its 52-week low of $0.68, and -18.97% from its 52-week high of $2.53.
As of Apr 23, 2024, there are 12.28M PSHG shares outstanding. The market cap of PSHG is $25.17M. In the past 24 hours, 52,764 PSHG shares were traded.
How to Buy Performance Shipping Stock
Wondering how to invest in Performance Shipping stock? Here's how.
- Figure out where to buy Performance Shipping stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Performance Shipping stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Pick your payment method and add your details.
- Analyze Performance Shipping stock: The Performance Shipping ticker symbol is PSHG. Is Performance Shipping stock a good investment? Should you buy shares of PSHG? How do PSHG's underlying business fundamentals look? Do top analysts think Performance Shipping is a good buy? Why has PSHG's stock price moved recently? (Hint: Our stock research website can help you evaluate if PSHG is a good stock to buy).
- Make your PSHG buy order: Decide if you will purchase PSHG shares at the current market price or use a limit order to purchase PSHG shares at a particular price.
- Keep tabs on your PSHG position: Create a watchlist to key updates about your investment in Performance Shipping shares.
Step 1: Figure out where to buy Performance Shipping stock
You need a brokerage account in order to access the NASDAQ market and buy PSHG stock.
Our favorite brokerage: eToro
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Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal details so you are able to buy PSHG stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new brokerage account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on the best free stock trading app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help depositing funds into your brokerage account.
Step 4: Analyze Performance Shipping stock
After you have identified the best place to buy Performance Shipping stock, it's crucial to research their stock prior to investing, so you can comprehend the risk and opportunity.
Performance Shipping shares data
PSHG Due Diligence Checks
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on PSHG's stock page.
Is PSHG stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge PSHG's intrinsic value.
Using relative valuations methods:
- PSHG could be undervalued based on its P/E ratio of 0.38x, relative to Marine Shipping industry P/E ratio of 16.02x
- PSHG could be undervalued based on its P/B ratio of 0.11x, relative to Marine Shipping industry P/B ratio of 0.98x
You can access more valuation research on PSHG's stock here.
PSHG Financials at a glance
Positive Financial Indicators:
- PSHG profit margin has gone up from 16% to 52.3% in the past year.
- PSHG has a low debt to equity ratio of 0.27.
- PSHG earnings of $66.52M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the PSHG balance sheet.
- There are more short-term assets than long-term liabilities on the PSHG balance sheet.
- PSHG's operating cash flow of $67.96M allows it to safely service it's debt of $54.99M.
Negative Financial Indicators:
- Total PSHG debt is higher than 5 years ago, relative to shareholder equity.
Metrics for Advanced PSHG Traders
Is PSHG Making Money?
Last year, PSHG earnings were $56.92M. In the last three year, PSHG's earnings have gone up by -87.07% per year. This was slower than the Marine Shipping industry average of 15.55%.
Last year, PSHG revenue was $108.94M. During the last 4 year, PSHG's revenue has increased by 103.91% per year. This was faster than the Marine Shipping industry average of 15.53%.
You can research PSHG's earnings and revenue performance here.
Are PSHG executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at PSHG have not bought or sold any shares.
Research more about who owns PSHG stock here.
Does PSHG provide a stable income stream?
No, Performance Shipping doesn't provide an income stream by paying out dividends.
What do other traders have to say about PSHG?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your PSHG buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, use a limit order.
Click the Open Trade button and your broker will place your order.
If you need additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your PSHG position
Now that you own some PSHG stock, you'll want to stay up-to-date on your new company.
Add PSHG to a watchlist to get notified of the latest news about your PSHG stock.
PSHG Feed
How to Buy Stock in Performance Shipping
To summarize, here are the 6 steps you need to take to buy Performance Shipping stock right now:
- Figure out where to buy Performance Shipping stock
- Open your brokerage account
- Fund your investment account
- Analyze Performance Shipping stock
- Make your PSHG buy order
- Keep tabs on your PSHG position
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your new investment in Performance Shipping, click below.
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