Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) does about 2.14M shares in volume on a normal day but saw 1467227 shares change hands in Tuesday trading. The company now has a market cap of 90.56M USD. Its current market price is $0.50, marking an increase of 1.63% compared to the previous close of $0.49. The 52 week high reached by this stock is $1.32 whilst the lowest price level in 52 weeks is $0.44. The script in recent trading has seen the stock touch a high of $0.498 and a low of $0.48.
Seanergy Maritime Holdings Corp. (SHIP) has a 20-day trading average at $0.4779 and the current price is -62.35% off the 52-week high compared with 13.18% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4972 and its 200-day simple moving average is $0.8450. If we look at the stock’s price movements over the week, volatility stands at 5.86%, which decreases to 4.70% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.20 to suggest the stock is neutral.
3 analysts observing the Seanergy Maritime Holdings Corp. (SHIP) stock have set the 12-month price targets for the company’s shares at between $0.70 and $1.50. The consensus objective for the share price is $1.23, suggesting that the stock has a potential upside of 59.35% over the period. The median price target is 66.67% away from the current levels at $1.50.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 20, 2022 when Noble Capital Markets resumed the stock to “Outperform” and issued a price target of $1.50. Maxim Group upgraded the stock to “Buy” from Hold on October 07, 2021 at a price target of $2.50. Noble Capital Markets upgraded its price target at $1.50.
The current price level is 4.39%, -0.12%, and -41.01% away from its SMA20, SMA50, and SMA200 respectively, with the SHIP price moving above the 50-day SMA on November 22. Seanergy Maritime Holdings Corp. (SHIP) stock is down -3.30% over the week and 3.69% over the past month. Its price is -44.65% year-to-date and -45.35% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $0.03 above consensus estimates by $0.01. The company’s next earnings report is expected on 03/09/2023, with forecasts estimating quarterly EPS at $0.01 and $0.07 for whole year. SHIP’s earnings per share are forecast to shrink by -75.90% this year and 14.30% over next year. Expected sales for next quarter are $31.27 million, which analysts say will come at $124.7 million for the current fiscal year and next year at $122.83 million. In addition, estimates put the company’s current quarterly revenue at an average of $29.84 million.
To reach the target analysts have set, the stock logically needs to grow 59.35 percent from here.
Outstanding shares total 181.92M with insiders holding 1.43% of the shares and institutional holders owning 2.50% of the company’s common stock. The company has a return on investment of 12.60% and return on equity of 21.60%. The price to earnings ratio (P/E ratio) amounts to 1.98 while the forward price to earnings ratio is 7.11. The beta has a value of 0.55. Price to book ratio is 0.37 and price to sales ratio is 0.54.