Performance Shipping Stock (NASDAQ: PSHG)

Performance Shipping Stock (NASDAQ:PSHG), Trade Ideas

Performance Shipping

Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates eight Aframax tanker vessels.

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	Unicycive Therapeutics, Inc. (NASDAQ: UNCY) shares surged 159% to $1.27 after the company announced a private placement of up to $130 million in gross proceeds to commercialize and launch Renazorb.


Why Aclaris Therapeutics Shares Are Trading Lower By Around 55%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

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Euda Health Holdings Limited - Ordinary Shares

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	Secoo Holding Limited (NASDAQ: SECO) rose 44% to $1.44 in pre-market trading after dipping over 31% on Friday.


Why Hertz Global Shares Are Trading Higher By Around 5%; Here Are 20 Stocks Moving Premarket

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U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping around 75 points on Wednesday.

The Dow traded down 0.19% to 32,596.21 while the NASDAQ fell 0.66% to 11,379. The S&amp;P 500 also fell, dropping, 0.52% to 3,949.43.

Nasdaq Down 75 Points; B&amp;G Foods Shares Spike Higher

Performance Shipping Inc. - Common Shares

Performance Shipping Inc

POU SHENG INT HL UNSP/ADR by Pou Sheng International Holdings Ltd.

Pou Sheng International (Holdings) Ltd

<p>Oppenheimer  analyst Bryan Blair   maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Outperform and raises the price target from $187 to $197.</p>


Price Target

Analyst Ratings

Oppenheimer Maintains Outperform on Dover, Raises Price Target to $197

WIIM

PLTR

Palantir shares are trading higher as tech and AI stocks gain following strong earnings from Microsoft.

<p>TD Cowen  analyst Krish Sankar   maintains KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Hold and raises the price target from $650 to $700.</p>


KLAC

TD Cowen Maintains Hold on KLA, Raises Price Target to $700

<p>Oppenheimer  analyst Noah Kaye   maintains Carrier Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) with a Outperform and raises the price target from $63 to $64.</p>


CARR

Oppenheimer Maintains Outperform on Carrier Global, Raises Price Target to $64

<p>Oppenheimer  analyst Bryan Blair   maintains Carlisle Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSL#NYSE">CSL</a>) with a Outperform and raises the price target from $412 to $430.</p>


Oppenheimer Maintains Outperform on Carlisle Companies, Raises Price Target to $430

<p>Oppenheimer  analyst Ittai Kidron   maintains Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) with a Outperform and lowers the price target from $300 to $250.</p>


TEAM

Oppenheimer Maintains Outperform on Atlassian, Lowers Price Target to $250

<p>TD Cowen  analyst Matt Elkott   maintains Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) with a Buy and raises the price target from $338 to $340.</p>


TD Cowen Maintains Buy on Caterpillar, Raises Price Target to $340

<p><a href="https://www.wsj.com/business/media/paramount-considers-removing-ceo-bob-bakish-as-turmoil-over-sale-talks-deepens-a48b0ec5?mod=latest_headlines">https://www.wsj.com/business/media/paramount-considers-removing-ceo-bob-bakish-as-turmoil-over-sale-talks-deepens-a48b0ec5?mod=latest_headlines</a></p>
<p>&nbsp;</p>


PARA

'Paramount Considers Removing CEO Bob Bakish As Turmoil Over Sale Talks Deepens' - Wall Street Journal

<p>Oppenheimer  analyst Jason Helfstein   maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Outperform and raises the price target from $185 to $205.</p>


GOOG

GOOGL

Oppenheimer Maintains Outperform on Alphabet, Raises Price Target to $205

<p>TD Cowen  analyst Helane Becker   maintains Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) with a Hold and lowers the price target from $26 to $25.</p>


TD Cowen Maintains Hold on Southwest Airlines, Lowers Price Target to $25

XP shares are trading higher after the company named Victor Mansur as CFO, effective Aug. 1.

Vertiv Holdings shares are trading higher after Mizuho maintained a Neutral rating and raised its price target from $56 to $95.

DDOG

Datadog shares are trading higher in sympathy with Microsoft, which gained following strong earnings.

<p>Raymond James  analyst Patrick Tyler Brown   maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Outperform and raises the price target from $219 to $229.</p>


Raymond James Maintains Outperform on Waste Management, Raises Price Target to $229

New Oriental Education & Technology Group

New Oriental Education shares are trading higher amid overall China strength.

<p>TD Cowen  analyst Vivien Azer   maintains Keurig Dr Pepper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) with a Hold and raises the price target from $32 to $35.</p>


TD Cowen Maintains Hold on Keurig Dr Pepper, Raises Price Target to $35

Comfort Systems shares are trading lower as the stock reverses after earlier gaining following Q1 earnings.

<p>Strong earnings reports from <strong>Alphabet Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and <strong>Microsoft Corp.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) have restored positive sentiment in the market, sweeping away fears of increasing risks of stagflation that had <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">emerged from Thursday&#8217;s data.</a></p>
<p>Although the latest PCE inflation report signaled higher-than-expected annual readings, they failed to meaningfully impact on already low expectations <a href="https://www.benzinga.com/general/macro-notification/24/04/38458581/feds-key-inflation-indicator-hits-2-8-dashes-rate-cut-hopes-traders-on-alert">for Fed rate cuts.</a> Rather, investors opted to focus on positive signals stemming from corporate earnings.</p>
<p>The S&amp;P 500 gained over 1%, and is up by 2.8% this week, on track for its best week since late October 2023. The Nasdaq 100 outperformed with a 1.8% increase, pushing the weekly performance to over 4%, also eyeing its best week in seven months.</p>
<p>A significant amount of support for the broader market came from the Magnificent Seven, with the group gaining a combined market cap of $400 billion in a day, more than offsetting losses seen on Thursday. The <strong>Roundhill</strong> <strong>Magnificent Seven ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NYSE">MAGS</a>) rallied 3.5%.</p>
<p>Small caps also saw robust gains, with the <strong>iShares Russell 2000 ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) up 1%. The big underperformer was the energy sector, as its two major oil giants – <strong>Exxon Mobil Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and <strong>Chevron Corp</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) – failed to impress investors <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/04/38464570/us-energy-stocks-fall-following-oil-giants-subdued-earnings-reports">with their quarterly results.</a></p>
<p>Treasury yields were slightly softer, although remained at elevated levels, indicating they had already absorbed the rising inflation narrative over the past weeks. </p>
<p>Both gold and oil held steady at $2,300 per ounce and $83 a barrel, respectively. <strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) softened below $64,000, on track for a fourth straight negative week.</p>
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Major Indices</strong></td>
<td><strong>Price</strong></td>
<td><strong>1-day %chg</strong></td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,751.35</td>
<td>1.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,107.36</td>
<td>1.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,003.71</td>
<td>1.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,287.77</td>
<td>0.5%</td>
</tr>
</tbody>
</table>
<p><figcaption class="wp-element-caption"><em>Updated at 1:00 p.m. EDT</em></figcaption></p></figure></p>
<p>The&nbsp;<strong>SPDR S&amp;P 500 ETF Trust</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.2% to $509.49, the&nbsp;<strong>SPDR Dow Jones Industrial Average</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.6% to $383.06 and the tech-heavy&nbsp;<strong>Invesco QQQ Trust</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.8% to $431.95, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;</p>
<p>Sector-wise, the<strong> Communication Services Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 2.6%, followed by the <strong>Technology Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and the <strong>Consumer Discretionary Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>), both up 1.5% The <strong>Energy</strong> <strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was the major laggard, down 1.1%. </p>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Alphabet Inc. soared by 10% after a double beat in both earnings and revenue estimates last quarter. Shares are on track to their strongest performing <a href="https://www.benzinga.com/news/24/04/38458188/why-alphabet-shares-are-trading-higher-by-12-here-are-20-stocks-moving-premarket">day since July 2019. </a></li>
<li>Microsoft Corp. rose 2.5% after reporting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38465071/microsoft-q3-shines-light-on-ai-innovation-cycle-analysts-see-plenty-of-runway-for-">better-than-expected results last quarter</a>. </li>
<li><strong>Amazon.com Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) rose 4% amid bullish speculations over next week&#8217;s earnings report. </li>
<li><strong>Nvidia Corp.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rose 6%, bolstered by rising expectations for AI spending and fueling a widespread rally in chipmakers. </li>
<li><strong>Intel Corp.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) tanked 10%, sharply underperforming compared to industry peers, on a Q1 revenue miss. </li>
<li>Other companies reacting to earnings were Exxon Mobil, down nearly 3%, Chevron Corp, down 0.2%, <strong>AbbVie Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), down over 5%, <strong>HCA Healthcare</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>), down over 3%, <strong>Colgate-Palmolive Co.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>), up 1.6%, <strong>Phillips 66</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), down 3.7%, <strong>AON plc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>), down over 8%, <strong>LyondellBasell Industries NV</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>), up 2.6%, <strong>Ball Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>), up 7.6%,<strong> Avantor Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>), down 4%, <strong>Saia Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>), down 20%, <strong>Autoliv Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>), up 5%, <strong>KLA</strong> <strong>Corp.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLA#NASDAQ">KLA</a>), up 5%, <strong>Capital One Financial Corp. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), up 0.5% and <strong>Snap Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NASDAQ">SNAP</a>), up 30%. </li>
</ul>
<p>Read now: <em><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38465570/snap-investors-celebrate-q1-earnings-but-analysts-arent-ready-to-party-just-yet-the">Snap Investors Celebrate Q1 Earnings, But Analysts Aren&#8217;t Ready To Party Just Yet: &#8216;The Most Expensive Name In Social&#8217;</a></em></p>
<p><em>Image generated using artificial intelligence via Midjourney.</em></p>


Earnings Beats

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$BTC

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Select Sector SPDR-Consumer Discretionary

Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?

FICO

FICO shares are trading lower following weak 2024 guidance.

<p>Raymond James  analyst Patrick Tyler Brown   reiterates Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) with a Strong Buy and raises the price target from $275 to $280.</p>


Reiteration

Raymond James Reiterates Strong Buy on Union Pacific, Raises Price Target to $280

In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on Performance Shipping (PSHG – Research Report). The compan...

Performance Shipping (PSHG) Receives a Buy from Maxim Group

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>We cannot end the year without adding a few <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to our portfolio to take advantage of the opportunities coming up in the next cycle. Of course, we must rely on our investment thesis and our own analysis, but here I am to tell you a little about these undervalued penny stocks that are worth analyzing and evaluating to add to our portfolio. Let&rsquo;s take a brief look.</p>



<h2><strong>PAVmed (PAVM)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/mpw_medicalpropertiestrust1600-300x169.png" alt="Blurred hospital images, Patient bed in the hospital, Hospital cleaning, Hospital disinfection cleaning, Patient bed cleaning for emergency patients. Medical Properties Trust (MPW)"><div>Source: venusvi / Shutterstock.com</div></div>


<p><strong>PAVmed</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/pavm-stock-quote/"><strong>PAVM</strong></a></span>) is making waves as one of the undervalued penny stocks in the medical diagnostics field, with a particular focus on its subsidiary, <strong>Lucid Diagnostics</strong>.</p>



<p>The latest <a href="https://ir.pavmed.com/2023-11-14-PAVmed-Provides-Business-Update-and-Third-Quarter-Financial-Results">financials</a> reveal third-quarter 2023 revenues of $0.8 million, but operating expenses, including share-based costs, came in at $16.3 million, resulting in a net loss of about $17.7 million.</p>



<p>On November 16, 2023, Lucid Diagnostics <a href="https://ir.pavmed.com/2023-11-16-Lucid-Diagnostics-Strengthens-and-Expands-Market-Access-and-Direct-Contracting-Efforts">announced</a> significant additions to its team, welcoming Natalie S. Carfora and James M. Fricchione as Vice Presidents of Market Access and Employer Markets. Shaun M. O&rsquo;Neil assumes the role of President and COO of Lucid.</p>



<p>He will <a href="https://ir.pavmed.com/2023-11-09-Lucid-Diagnostics-Launches-Next-Generation-EsoGuard-R-Esophageal-DNA-Test-and-Announces-Upcoming-Investor-Day">focus</a> on driving payer coverage of EsoGuard and securing direct contracts, crucial to translating test volume growth into revenue. Lucid President and CEO Lishan Aklog expressed his enthusiasm for the expertise and coordination these additions bring to market access efforts.</p>



<p>Lucid Diagnostics introduced EsoGuard 2.0, the next-generation esophageal DNA test for precancer detection. Improved assay performance and reduced validation study costs are a major step forward.</p>



<h2><strong>Imperial Petroleum (IMPP)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/zim_shipping1600-2-300x169.png" alt="A large ULCV container ship underway, sails on open water fully loaded with containers and cargo - the ZIM San Francisco"><div>Source: ImagineStock / Shutterstock.com</div></div>


<p><strong>Imperial Petroleum </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/impp-stock-quote/"><strong>IMPP</strong></a></span>), a Greece-based shipping company, is gaining attention as one of the undervalued penny stocks worth considering for your investment portfolio. The company, which has a fleet of vessels, specializes in shipping vital resources such as petroleum products, crude oil and dry bulk commodities.</p>



<p>Despite facing challenges such as seasonal factors and scheduled maintenance affecting operating days, Imperial Petroleum <a href="https://www.imperialpetro.com/index.php/investor-relations/press-releases/101-imperial-petroleum-inc-reports-third-quarter-and-nine-months-2023-financial-and-operating-results">recorded</a> net income of $12.1 million in the third quarter of 2023, equivalent to $0.56 per share, demonstrating stable financial performance.</p>



<p>The company&rsquo;s strategic financial decisions, including a share repurchase program and the repurchase of warrants, underscore its commitment to enhancing shareholder value. Imperial Petroleum&rsquo;s diversified operating strategy is evident in its 70.5% fleet operating utilization in the third quarter of 2023, with 2% of fleet days dedicated to spot activity.</p>



<p>Notably, the company has a strong financial position with cash and equivalents totaling $125.9 million at September 30, 2023, significantly exceeding its current market capitalization.</p>



<p>Recent news further highlights its positive trajectory. The company <a href="https://www.imperialpetro.com/index.php/investor-relations/press-releases/99-imperial-petroleum-inc-announces-repurchase-of-2-58-million-warrants">repurchased</a> more than one million shares of common stock, demonstrating confidence in its own value. In addition, a strategic move involved the repurchase of 2.58 million outstanding warrants to effectively manage its capital structure.</p>



<p>Financial results for the third quarter of 2023, which included revenues of $29.4 million and EBITDA of $13.9 million, highlight the company&rsquo;s resilience in a challenging operating environment.</p>



<p>Imperial Petroleum&rsquo;s commitment to shareholder value is underscored by the <a href="https://www.imperialpetro.com/index.php/investor-relations/press-releases/98-imperial-petroleum-inc-declares-dividend-on-series-a-preferred-shares-2">declaration</a> of a dividend on its Series A Preferred Stock, emphasizing its dedication to rewarding investors.</p>



<h2><strong>Performance Shipping (PSHG)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/shipping-300x169.jpg" alt="a cargo ship in the middle of the ocean representing TOPS stock. undervalued penny stocks"><div>Source: VladSV / Shutterstock.com</div></div>


<p><strong>Performance Shipping </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/pshg-stock-quote/"><strong>PSHG</strong></a></span>) is a global tanker-owning shipping line, primarily focused on freight transportation.</p>



<p>In the third quarter of 2023, they <a href="http://www.pshipping.com/sites/default/files/2023-11/PSHG%20Earnings%20Release%2030.09.2023%20-%20final_0.pdf">posted</a> net income of $10.4 million, a slight decrease from the previous year. However, the company&rsquo;s earnings per share for the same period were $0.88 (basic) and $0.27 (diluted), indicating a resilient performance.</p>



<p>Revenue for the third quarter of 2023 totaled $24.1 million, up from $22.1 million in 2022, driven by higher ownership days despite a slight decline in time charter equivalent rates.</p>



<p>Notably, net cash generated from operating activities totaled $17.9 million, up significantly from $11.8 million in the third quarter of 2022.</p>



<p>In a <a href="http://www.pshipping.com/news/news-performance-shipping-inc-announces-completion-of-us2-million-share-buyback-plan-and-initiates-new">strategic</a> move to enhance shareholder value, the company completed a $2 million share repurchase plan and initiated a new plan to repurchase up to $2 million of its outstanding common stock.</p>



<p>This reflects a commitment to optimize shareholder returns. In addition, Performance Shipping successfully <a href="http://www.pshipping.com/news/news-performance-shipping-inc-announces-entry-new-revolving-credit-facility-nordea-bank-favorable-terms">refinanced</a> its existing credit facility, securing a revolving credit facility (RCF) of up to USD 20,000,000 with Nordea Bank Abp. This not only extends the maturity date of the loan, but also provides financial flexibility and potential cost savings.</p>



<p>These positive developments, together with the company&rsquo;s strong financial results, make Performance Shipping Inc. an interesting option as an undervalued penny stock for possible inclusion in an investment portfolio.</p>



<p><em>As of this writing, Gabriel Osorio-Mazzilli did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines</em>.</p>
<div><p>Gabriel Osorio is a former Goldman Sachs and Citigroup employee. He possesses discipline in bottom-up value investing and volatility-based long/short equities trading.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2023/12/the-3-most-undervalued-penny-stocks-to-buy-in-december/">The 3 Most Undervalued Penny Stocks to Buy in December</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Most Undervalued Penny Stocks to Buy in December

Maxim Group analyst Tate Sullivan maintained a Buy rating on Performance Shipping (PSHG – Research Report) yesterday and set a price target of $5.0...

Buy Rating Affirmed for Performance Shipping Based on Strategic Debt Management and Favorable Market Outlook

A rating of 73 puts Performance Shipping Inc (PSHG) near the top of the Marine Shipping industry according to InvestorsObserver. Performance Shipping Inc's score of 73 means it scores higher than 73% of stocks in the industry. Performance Shipping Inc also received an overall rating of 58, putting it above 58% of all stock

Where Does Performance Shipping Inc (PSHG) Stock Fall in the Marine Shipping Field After It Is Up 7.18% This Week?

A rating of 83 puts Performance Shipping Inc (PSHG) near the top of the Marine Shipping industry according to InvestorsObserver. Performance Shipping Inc's score of 83 means it scores higher than 83% of stocks in the industry. Performance Shipping Inc also received an overall rating of 63, putting it above 63% of all stock

Should You Accumulate Performance Shipping Inc (PSHG) in Marine Shipping Industry?

Performance Shipping GAAP EPS of $0.63, revenue of $23.8M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Performance Shipping</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/pshg-stock-quote/"><strong>PSHG</strong></a></span>) just reported results for the fourth quarter of 2023.</p><ul><li>Performance Shipping reported earnings per share of 63 cents. This was below the analyst estimate for EPS of 69 cents.</li><li>The company reported revenue of $23.84 million.</li><li>This was 2.76% better than the analyst estimate for revenue of $23.20 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/earning-results/2024/03/pshg-stock-earnings-performance-shipping-for-q4-of-2023/">PSHG Stock Earnings: Performance Shipping Misses EPS, Beats Revenue for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

PSHG Stock Earnings: Performance Shipping Misses EPS, Beats Revenue for Q4 2023

Maxim Group analyst Tate Sullivan reiterated a Buy rating on Performance Shipping (PSHG – Research Report) yesterday and set a price target of $5.0...

Buy Rating for Performance Shipping: Solid Revenue and Strategic Financial Health

Performance Shipping Inc (PSHG) is higher by Tuesday morning, with the stock climbing 5.85% in pre-market trading to 1.99. PSHG's short-term technical score of 69 indicates that the stock has traded more bullishly over the last month than 69% of stocks on the market. In the Marine Shipping industry, which ranks 26 out of 1

Performance Shipping Inc (PSHG) has risen 5.85% Tuesday In Premarket Trading

Performance Shipping Inc. (PSHG) has released an update. Performance Shipping Inc. has secured lucrative five-year time charter contracts with Clea...

Performance Shipping Secures Profitable Charter Contracts

IMPP

PAVM

Press Releases

Performance Shipping Inc. Announces Filing of Amendment No. 2 to the Solicitation and Recommendation Statement on Schedule 14D-9

Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023

Performance Shipping Inc. Issues 2022 Sustainability Report

Performance Shipping Inc. Announces Completion of Sale and Delivery of 2007 Built M/T P. Kikuma to New Owners

Performance Shipping Inc. Announces Full Prepayment of Piraeus Bank S.A. Loans and Significant Reduction of Finance Costs

Contracts

Performance Shipping Inc. Signs Shipbuilding Contracts for the Construction of 2 Newbuilding LNG-Ready Scrubber Fitted Tier III LR2 Tankers

Financing

Performance Shipping Inc. Secures Two Year Time Charter Contract With Oil Major at US$37,200 Per Day

Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023

Performance Shipping Inc. Secures Five-Year Time Charter Contracts With Clearlake for Three Newbuilding Vessels at US$31,000 Per Vessel Per Day

Performance Shipping Inc. Announces Filing of 2023 Annual Report on Form 20-F

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