What Can We Learn From Seanergy Maritime Holdings Corp. (SHIP)’s Valuation Ratios?

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Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) finished Thursday with a subtraction of $0.0 to close at $0.51, an upside of 0.49 percent. An average of 1,671,820 shares of common stock have been traded in the last five days. There was a fall of -$0.0555 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 1,485,465 shares traded, while the 50-day average volume stands at 1,534,588.

SHIP stock has increased by 2.62% in the last month. The company shares reached their 1-month lowest point of $0.4802 on 12/08/22. With the stock rallying to its 52-week high on 03/10/22, shares of the company touched a low of $0.44 and a high of $1.32 in 52 weeks. It has reached a new high 16 times so far this year and lost -43.04% or -$0.4059 in price. In spite of this, the price is down -61.25% 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 2.64. The stock’s beta is 0.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.59, the price-to-book (PB) ratio at 0.40.

Financial Health

Further, the company has a long term debt to equity ratio of 1.08 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $100.31 million compared to revenue of $153.11 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Seanergy Maritime Holdings Corp.’s return on assets was 7.60%.

Earnings Surprise

For the three-month period that ended June 29, Seanergy Maritime Holdings Corp. had $146.7 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $41.35 million in the quarter, while revenues were grew 144.4%. The analyst consensus anticipated Seanergy Maritime Holdings Corp.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.03, a 50.00% surprise. For the quarter, EBITDA amounted to $8.23 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Seanergy Maritime Holdings Corp. (SHIP) price momentum. RSI 9-day as of the close on 29 December was 46.11%, suggesting the stock is Neutral, with historical volatility in this time frame at 72.05%.

As of today, SHIP’s price is $0.5359 -9.77% or -$0.0555 from its 5-day moving average. SHIP is currently trading -0.93% lower than its 20-day SMA and -30.67% lower than its 100-day SMA. However, the stock’s current price level is +1.57% above the SMA50 and -53.41% below the SMA200.

The stochastic %K and %D were 36.78% and 60.38%, respectively, and the average true range (ATR) was 0.0300. With the 14-day stochastic at 26.47% and the average true range at 0.0294, the RSI (14) stands at 48.73%. The stock has reached -0.0142 on the 9-day MACD Oscillator while the 14-day reading was at -0.0077.

Analyst Ratings

The consensus rating for Seanergy Maritime Holdings Corp. (SHIP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SHIP, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is SHIP’s price target for the next 12 months?

Analysts predict a range of price targets between $0.70 and $1.50, with a median target of $1.50. Taking a look at these predictions, the average price target given by analysts for Seanergy Maritime Holdings Corp. (SHIP) stock is $1.23.

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