Performance Shipping Inc. Secures 21-Month Time Charter Contract at US28,000 Per Day for Aframax Tanker, MT Blue Moon
PSHG Stock | USD 1.89 0.04 2.16% |
Roughly 54% of Performance Shipping's stockholders are presently thinking to get in. The current sentiment of investing in Performance Shipping suggests that some traders are interested. The current market sentiment, together with Performance Shipping's historical and current headlines, can help investors time the market. In addition, many technical investors use Performance Shipping stock news signals to limit their universe of possible portfolio assets.
Performance |
ATHENS, Greece, Dec. 18, 2024 -- Performance Shipping Inc. , , a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with American Eagle Tankers , a member of MISC Group, for the 2011-built, 104,623 dwt Aframax tanker vessel, MT Blue Moon. The gross charter rate will be US28,000 per day
Read at finance.yahoo.com
Performance Shipping Investor Sentiment by Other 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 Fundamental Analysis
We analyze Performance Shipping's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Performance Shipping using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Performance Shipping based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash Flow From Operations
Cash Flow From Operations Comparative Analysis
Performance Shipping is currently under evaluation in cash flow from operations category among its peers. Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
Performance Shipping Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Performance Shipping stock to make a market-neutral strategy. Peer analysis of Performance Shipping could also be used in its relative valuation, which is a method of valuing Performance Shipping by comparing valuation metrics with similar companies.
Peers
Performance Shipping Related Equities
SHIP | Seanergy Maritime | 5.09 | ||||
GOGL | Golden Ocean | 3.78 | ||||
GNK | Genco Shipping | 3.06 | ||||
USEA | United Maritime | 2.99 | ||||
SBLK | Star Bulk | 2.62 | ||||
OP | Oceanpal | 1.59 | ||||
CTRM | Castor Maritime | 1.47 | ||||
ESEA | Euroseas | 0.99 | ||||
TOPS | TOP Ships | 1.25 | ||||
GLBS | Globus Maritime | 3.52 |
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