Do You Think It Is A Good Idea To Invest In Seanergy Maritime Holdings Corp. (SHIP)?

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NTGR
NTGR

The stock of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) decreased by $0.0 on Wednesday to $0.50, down -0.60 percent. The last five days have seen an average of 1,048,242 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$0.4235. The average number of shares traded over the last 20 days was 1,448,861, while the average volume over the last 50 days totaled 2,029,712.

SHIP stock appreciated 3.69% since last month. On 10/31/22, the company’s shares reached a one-month low of $0.4400. The stock touched a high of $1.32 on 03/10/22, after rallying from a low of $0.44 in 52 weeks. The price of SHIP stock has declined by -44.65% or -$0.4235 this year, reaching a new high 16 times. Still, the stock price is down -62.57% from the 52-week high.


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Valuation Metrics

Seanergy Maritime Holdings Corp. (SHIP) has a trailing price-to-earnings (P/E) ratio of 1.98. Beta for the stock is 0.55. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 0.37.

Company paid $0.0250 per share in dividends, remained unchanged from $0.0250 last year.

Financial Health

For the three months ended June 29, Seanergy Maritime Holdings Corp.’s quick ratio was 0.40, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.82, and the total debt to equity ratio is 1.10. As far as profitability goes, gross margin for the trailing twelve months is 69.60% percent. Seanergy Maritime Holdings Corp.’s operating margin stood at 39.20% for the same period. Based on annual data, it had gross profit of $100.31 million and revenue of $153.11 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SHIP’s return on assets (ROA) during the last 12 months has been 10.30%. There was a 12.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 21.60%.

Earnings Surprise

According to Seanergy Maritime Holdings Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $153.11 million, while revenues rose by 58.62% to $0.0. It was predicted that Seanergy Maritime Holdings Corp.’s quarterly earnings would be $0.03, but it ended up being $0.02. EBITDA was $9.0 million for the quarter. At the end of Seanergy Maritime Holdings Corp.’s most recent quarter ended June 29, its liabilities totaled 285.25 million, while its total debt was $258.16 million.

Technical Picture

Here’s a quick look at Seanergy Maritime Holdings Corp.’s (SHIP) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 55.34%, suggesting the stock is Neutral, with a 40.16% historical volatility rate.

The stochastic %K and %D were 63.44% and 62.35% respectively, while the average true range (ATR) was 0.0227. Based on the 14-day stochastic reading of 64.28%, the RSI (14) reading is 52.06%. On the 9-day MACD Oscillator, the stock is at -0.0017.

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