Seanergy Maritime Holdings Corp. [SHIP] gain 106.47% so far this year. What now?

Seanergy Maritime Holdings Corp. [NASDAQ: SHIP] closed the trading session at $1.11 on 01/29/21. The day’s price range saw the stock hit a low of $1.03, while the highest price level was $1.35. The company report on January 26, 2021 that Seanergy Maritime Holdings Corp. Signatory to the Neptune Declaration on Seafarer Wellbeing and Crew Change.

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Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP) announced that it has joined the “Neptune Declaration on Seafarer Wellbeing and Crew Change” (the “Neptune Declaration”), a global coalition between over 300 companies and organisations. This maritime initiative focuses on the seafarers’ welfare with actions that will, amongst others, facilitate crew changes during the pandemic and the ongoing lockdowns.

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The Neptune Declaration’s four major aims are:.

The stocks have a year to date performance of 106.47 percent and weekly performance of 12.78 percent. The stock has been moved at -26.49 percent over the last six months. The stock has performed 131.01 percent around the most recent 30 days and changed 115.32 percent over the most recent 3-months.

If compared to the average trading volume of 11.23M shares, SHIP reached to a volume of 46283964 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Seanergy Maritime Holdings Corp. [SHIP]:

Maxim Group have made an estimate for Seanergy Maritime Holdings Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 08, 2020. While these analysts kept the previous recommendation, Maxim Group raised their target price from $10 to $4. The new note on the price target was released on May 22, 2019, representing the official price target for Seanergy Maritime Holdings Corp. stock. On November 07, 2017, analysts increased their price target for SHIP shares from 2 to 3.

The Average True Range (ATR) for Seanergy Maritime Holdings Corp. is set at 0.14, with the Price to Sales ratio for SHIP stock in the period of the last 12 months amounting to 1.08. The Price to Book ratio for the last quarter was 0.59, with the Price to Cash per share for the same quarter was set at 0.50.

SHIP stock trade performance evaluation

Seanergy Maritime Holdings Corp. [SHIP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.78. With this latest performance, SHIP shares gained by 131.01% in over the last four-week period, additionally sinking by -26.49% over the last 6 months – not to mention a drop of -82.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHIP stock in for the last two-week period is set at 69.73, with the RSI for the last a single of trading hit 68.43, and the three-weeks RSI is set at 69.34 for Seanergy Maritime Holdings Corp. [SHIP]. The present Moving Average for the last 50 days of trading for this stock 0.6301, while it was recorded at 1.1360 for the last single week of trading, and 1.2552 for the last 200 days.

Seanergy Maritime Holdings Corp. [SHIP]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Seanergy Maritime Holdings Corp. [SHIP] shares currently have an operating margin of +13.92 and a Gross Margin at +20.84. Seanergy Maritime Holdings Corp.’s Net Margin is presently recorded at -13.52.

Return on Total Capital for SHIP is now 5.06, given the latest momentum, and Return on Invested Capital for the company is -8.55. Return on Equity for this stock declined to -45.73, with Return on Assets sitting at -4.25. When it comes to the capital structure of this company, Seanergy Maritime Holdings Corp. [SHIP] has a Total Debt to Total Equity ratio set at 663.47. Additionally, SHIP Total Debt to Total Capital is recorded at 86.90, with Total Debt to Total Assets ending up at 70.11. Long-Term Debt to Equity for the company is recorded at 41.32, with the Long-Term Debt to Total Capital now at 5.41.

Reflecting on the efficiency of the workforce at the company, Seanergy Maritime Holdings Corp. [SHIP] managed to generate an average of -$307,842 per employee. Receivables Turnover for the company is 39.21 with a Total Asset Turnover recorded at a value of 0.31.Seanergy Maritime Holdings Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.20.

Earnings per share (EPS) analysis for Seanergy Maritime Holdings Corp. [SHIP] stock

With the latest financial reports released by the company, Seanergy Maritime Holdings Corp. posted 1.92/share EPS, while the average EPS was predicted by analysts to be reported at 0.72/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 166.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHIP.

Seanergy Maritime Holdings Corp. [SHIP]: Insider Ownership positions

There are presently around $6 million, or 5.60% of SHIP stock, in the hands of institutional investors. The top three institutional holders of SHIP stocks are: SABBY MANAGEMENT, LLC with ownership of 5,349,284, which is approximately New of the company’s market cap and around 59.60% of the total institutional ownership; ETRADE CAPITAL MANAGEMENT LLC, holding 51,045 shares of the stock with an approximate value of $57000.0 in SHIP stocks shares; and VIRTU FINANCIAL LLC, currently with $44000.0 in SHIP stock with ownership of nearly New of the company’s market capitalization.

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Positions in Seanergy Maritime Holdings Corp. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 6 institutional holders increased their position in Seanergy Maritime Holdings Corp. [NASDAQ:SHIP] by around 5,522,467 shares. Additionally, 6 investors decreased positions by around 73,665 shares, while 0 investors held positions by with 71,142 shares. The mentioned changes placed institutional holdings at 5,524,990 shares, according to the latest SEC report filing. SHIP stock had 5 new institutional investments in for a total of 5,492,372 shares, while 6 institutional investors sold positions of 73,665 shares during the same period.

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