Seanergy Maritime Holdings Corp. (SHIP) Is A Stock You Should Watch

As of Friday close, Seanergy Maritime Holdings Corp.’s (NASDAQ:SHIP) stock was up $0.02, moving up 3.62 percent to $0.71. The average number of shares traded per day over the past five days has been 2,606,480 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0049 gain in that time frame. In the last twenty days, the average volume was 2,346,115, while in the previous 50 days, it was 3,257,676.

Since last month, SHIP stock retreated -0.69%. Shares of the company fell to $0.6470 on 07/06/22, 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 $0.65. Since the beginning of this year, SHIP’s stock price has dropped by -20.53% or -$0.2034, and marked a new high 16 times. However, the stock has declined by -54.95% since its 52-week high.


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Valuation Metrics

Right now, Seanergy Maritime Holdings Corp. (SHIP) has a P/E ratio of about 3.12. The stock’s beta is 0.50. Besides these, the trailing price-to-sales (P/S) ratio of 0.76, the price-to-book (PB) ratio of 0.53.

The latest dividend of $0.0250 per share was paid out, remained unchanged from last year’s $0.0250.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.96. On the profitability front, the trailing twelve-month gross margin is 67.40% percent. In the year ended March 30, operating margins totaled 38.70%. 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 20.70%.

In Seanergy Maritime Holdings Corp.’s quarter-end financial report for March 30, it reported total debt of $146.7 million. 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 $0.02 quarterly earnings, the actual figure was $0.04 per share. During the quarter, the company generated $7.78 million in EBITDA. The liabilities of Seanergy Maritime Holdings Corp. were 245.48 million at the end of its most recent quarter ended March 30.

Technical Picture

This quick technical analysis looks at Seanergy Maritime Holdings Corp.’s (SHIP) price momentum. With a historical volatility rate of 32.34%, the RSI 9-day stood at 45.01% on 05 August.

With respect to its five-day moving average, the current Seanergy Maritime Holdings Corp. price is up by +0.69% percent or $0.0049. At present, SHIP shares trade +0.28% above its 20-day simple moving average and -38.36% percent below its 100-day simple moving average. However, the stock is currently trading approximately -39.41% below its SMA50 and -45.83% below its SMA200.

Stochastic coefficient K was 24.17% and Stochastic coefficient D was 34.11%, while ATR was 0.0365. Given the Stochastic reading of 33.67% for the 14-day period, the RSI (14) reading has been calculated as 40.84%.

Analyst Ratings

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 2 recommending it as overweight.

With a median target price of $1.50, the current consensus forecast for the stock is $1.40 – $2.00. Based on these forecasts, analysts predict Seanergy Maritime Holdings Corp. (SHIP) will achieve an average price target of $1.63.

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