(PSHG) Performance Shipping - Ratings and Ratios

Performance Shipping Inc. (NASDAQ:PSHG) operates a fleet of seven Aframax tanker vessels, specializing in the global seaborne transportation of crude oil and petroleum products. As of December 31, 2023, the fleet has a combined carrying capacity of 735,910 Deadweight Tonnage (DWT). The company focuses on optimizing vessel utilization and operational efficiency to capitalize on market demand. Incorporated in 2010 and headquartered in Athens, Greece, Performance Shipping Inc. has established itself as a key player in the marine transportation sector.

Based on the provided data, the stock is expected to remain range-bound over the next three months, with potential for slight upward movement. The SMA 20 and SMA 50 indicate near-term resistance levels at 1.60 and 1.70, respectively, while the SMA 200 at 1.92 suggests a longer-term overhead resistance. The low ATR of 0.08 reflects limited volatility, indicating stable price action. Fundamentally, the low P/B ratio of 0.07 and P/E of 1.10 suggest undervaluation, while the forward P/E of 1.69 indicates modest growth expectations. However, the small market cap and industry-specific risks may weigh on performance.