What Are The Risk Factors For Seanergy Maritime Holdings Corp. (SHIP)?

At the last check on Friday, Seanergy Maritime Holdings Corp.’s (NASDAQ:SHIP) stock was up $0.05, moving up 4.33 percent to $1.09. The average number of shares traded per day over the past five days has been 3,155,904 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0400 fall in that time frame. In the last twenty days, the average volume was 2,874,296, while in the previous 50 days, it was 3,399,282.


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Since last month, SHIP stock retreated -2.80%. Shares of the company fell to $0.9801 on 04/25/22, the lowest level in the past month. A 52-week high of $1.59 was reached on 03/10/22 after having rallying from a 52-week low of $0.77. Since the beginning of this year, SHIP’s stock price has risen by 15.59% or $0.1616, and marked a new high 16 times. However, the stock has declined by -31.64% since its 52-week high.

Valuation Metrics

Right now, Seanergy Maritime Holdings Corp. (SHIP) has a P/E ratio of about 5.28. The stock’s beta is 0.37. Besides these, the trailing price-to-sales (P/S) ratio of 1.17, the price-to-book (PB) ratio of 0.73.

Financial Health

In the three months ended December 30, Seanergy Maritime Holdings Corp.’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.63, and the total debt-to-equity ratio was 0.91. On the profitability front, the trailing twelve-month gross margin is 65.50% percent. In the year ended December 30, operating margins totaled 38.60%. Based on annual data, SHIP earned $100.31 million in gross profit and brought in $153.11 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.60%. Return on equity (ROE) for the past 12 months was 19.40%.

In Seanergy Maritime Holdings Corp.’s quarter-end financial report for December 30, it reported total debt of $146.7 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SHIP’s revenue rose 58.62% during the quarter, while net income inched up to $153.11 million. While analysts expected Seanergy Maritime Holdings Corp. to report $0.1 quarterly earnings, the actual figure was $0.14 per share. During the quarter, the company generated $24.63 million in EBITDA. The liabilities of Seanergy Maritime Holdings Corp. were 242.81 million at the end of its most recent quarter ended December 30, and its total debt was $223.4 million.

Technical Picture

This quick technical analysis looks at Seanergy Maritime Holdings Corp.’s (SHIP) price momentum. With a historical volatility rate of 75.50%, the RSI 9-day stood at 49.39% on 12 May.

With respect to its five-day moving average, the current Seanergy Maritime Holdings Corp. price is down by -3.57% percent or -$0.0400. At present, SHIP shares trade -8.47% below its 20-day simple moving average and +21.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.90% below its SMA50 and +4.85% above its SMA200.

Stochastic coefficient K was 48.87% and Stochastic coefficient D was 44.51%, while ATR was 0.0655. Given the Stochastic reading of 46.67% for the 14-day period, the RSI (14) reading has been calculated as 48.55%. As of today, the MACD Oscillator reading stands at -0.0133.

Analyst Ratings

Maxim Group upgraded its rating on Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) to a Buy in a note to investors on October 07, 2021. The analysts firm previously had a Hold rating on the stock.Seanergy Maritime Holdings Corp. (SHIP) has been rated Overweight by analysts. According to 0 brokerage firms, SHIP is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Seanergy Maritime Holdings Corp. stock as buy, with 3 recommending it as overweight.

With a median target price of $1.93, the current consensus forecast for the stock is $1.40 – $2.25. Based on these forecasts, analysts predict Seanergy Maritime Holdings Corp. (SHIP) will achieve an average price target of $1.88.

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