Hermitage Offshore Services Ltd. (NYSE:PSV) concluded the trading on Wednesday, Sep 16, with a rise of 2.27% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.29 and 5Y monthly beta was reading 1.68 with its price kept floating in the range of $0.2920 and $0.3100 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that PSV hit a high price of $3.05 and saw its price falling to a low level of $0.28 during that period. Over a period of past 1-month, stock came losing -39.32% in its value.
In contrast, when we review PSV stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 100% Sell for it.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending Hermitage Offshore Services Ltd. (PSV) as a Hold, while none are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Hold and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the PSV stock which is currently positioned at 0. It further provides that stock’s current price level is -39.53% away from its 20-day simple moving average and is -57.49% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 39.24 while volatility remained at 15.32% over the past week which changes to 47% when measuring it over the past month. Beta is valued at 1.68, while measure of average true range or ATR is currently at 0.18. In predicting price targets of as low as $6 and as high as $6, analysts are in agreement on assigning the stock over the next 12 months average price target of $6. Stock’s current price level is 1900% above from estimated low price target while it is 1900% below the estimated high; and even if the PSV’s share succeeded to reach the median price of $6, then the outlook of +1900% could come to the excitement of the investors.
In comparing Hermitage Offshore Services Ltd. (PSV)’s stock with other industry players reveals that stock’s latest price change of +2.27% and that of -79.21% over the past 12 months is in competing position with that of Kirby Corp (KEX) which saw its stock price raised by 4.33% in the recent trading and went through a decline of -52.81% in past 12-month trading. Industry’s another major player Euronav NV (EURN) has jumped 0.63% up in latest trading session, but over the past year has faced a rise of 11.1%, while Frontline Ltd (FRO) is also up 2.27% however its price remained floating in the red at -79.21% over the same period. Hermitage Offshore Services Ltd. has a P/E ratio of 0 against that of Kirby Corp’s 0 while Euronav NV is showing 3.35 for the same. On the other hand, the S&P 500 Index was down -0.46% in the early deals while the Dow Jones Industrial was dealing higher at 0.13%.
Having a second look at Hermitage Offshore Services Ltd. (NYSE:PSV) provides that stock’s average daily trading volume for 3 months was 9.77 Million, while it dropped to 8.84 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 31.33 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 73.19% while it is 16.27% for the institutional holders. The figures also indicate that as of August 30, 2020, number of stock’s short shares was 929000000 which implies a short ratio of 0.07. This shows up a 2.96% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short improved as it was 329.18 Million in the previous month. Drop of -70.36% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ worries about the stock as it is hinting a further drop.