€1.91
Your prediction
Performance Shipping Inc. Stock
Performance Shipping is a shipping company listed on the NASDAQ stock exchange that focuses on the transportation of dry bulk goods such as grains, coal, and iron ore. The company operates a fleet of vessels which travel international trade routes, primarily between Asia and South America, and has established long-term relationships with major shippers and charterers. In recent years, Performance Shipping has undergone a transformation to streamline operations and divest non-core assets, resulting in improved financial performance and increased shareholder value. As of August 2021, the company had a market capitalization of approximately $77 million.
Pros and Cons of Performance Shipping Inc. in the next few years
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Cons
Performance of Performance Shipping Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Performance Shipping Inc. | 3.830% | -6.569% | 9.289% | 154.813% | -7.024% | -96.584% | -98.737% |
| Globus Maritime Ltd | -4.890% | -1.075% | -7.071% | 98.919% | -22.689% | -46.481% | -99.237% |
| Amerco | 2.540% | 0.855% | -4.065% | 8.257% | -8.527% | - | - |
| Cathay Pacific Airways ADR | - | 0.901% | -2.609% | 5.164% | 2.752% | 21.739% | -41.438% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon first glance, the financials of Performance Shipping, a company within the Freight & Logistics Services industry, show an interesting pattern of changes in their cash flow, total assets, and net income over the past few years. A deeper analysis of their financial statements allows for a more comprehensive understanding of their overall financial health, and this discussion ensues below.
Increasing total assets: Performance Shipping's total assets have consistently grown from 2020 to 2022, starting with $157,854,000 in 2020, followed by $144,924,000 in 2021, and reaching an impressive $292,979,000 in 2022. This indicates that the company is expanding and investing in its resources, possibly hinting at future growth prospects.
Positive net income in 2022: The company reported a positive net income of $23,837,000 in the last quarter of 2022, as opposed to the losses witnessed in earlier years. This level of improvement is an encouraging sign, highlighting Performance Shipping's potential for profitability.
