Saturday, February 27, 2021

Seanergy Maritime Holdings Corp. [SHIP] is 179.02% higher this YTD. Is it still time to buy?

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Seanergy Maritime Holdings Corp. [NASDAQ: SHIP] plunged by -$0.12 during the normal trading session on Monday and reaching a high of $1.72 during the day while it closed the day at $1.50. The company report on February 19, 2021 that Seanergy Maritime Holdings Corp. Announces Successful Completion of Previously Announced Oversubscribed Equity Offering and of Financial Restructuring.

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Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP) announced the successful completion of the registered direct offering priced at-the-market (the “Offering”) announced on February 16, 2021 and the successful closing of the documentation for the $179 million financial restructuring previously announced on January 12, 2021.


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$75 million Registered Direct Offering.

Seanergy Maritime Holdings Corp. stock has also loss -25.37% of its value over the past 7 days. However, SHIP stock has inclined by 237.08% in the 3 months of the year. Over the past six months meanwhile, it has gained 177.26% and gained 179.02% year-on date.

The market cap for SHIP stock reached $148.43 million, with 80.57 million shares outstanding and 63.43 million shares in the current float. Compared to the average trading volume of 18.92M shares, SHIP reached a trading volume of 26723344 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 0.25, with the Price to Sales ratio for SHIP stock in the period of the last 12 months amounting to 2.13. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 0.34.

SHIP stock trade performance evaluation

Seanergy Maritime Holdings Corp. [SHIP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -25.37. With this latest performance, SHIP shares gained by 48.51% in over the last four-week period, additionally plugging by 177.26% over the last 6 months – not to mention a drop of -71.85% 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 55.75, with the RSI for the last a single of trading hit 52.28, and the three-weeks RSI is set at 57.73 for Seanergy Maritime Holdings Corp. [SHIP]. The present Moving Average for the last 50 days of trading for this stock 0.9163, while it was recorded at 1.7240 for the last single week of trading, and 1.1821 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 $1 million, or 5.60% of SHIP stock, in the hands of institutional investors. The top three institutional holders of SHIP stocks are: SQUAREPOINT OPS LLC with ownership of 381,792, which is approximately New of the company’s market cap and around 59.60% of the total institutional ownership; TWO SIGMA SECURITIES, LLC, holding 58,233 shares of the stock with an approximate value of $87000.0 in SHIP stocks shares; and ETRADE CAPITAL MANAGEMENT LLC, currently with $77000.0 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 9 institutional holders increased their position in Seanergy Maritime Holdings Corp. [NASDAQ:SHIP] by around 591,975 shares. Additionally, 3 investors decreased positions by around 5,365,544 shares, while 0 investors held positions by with 5,307,212 shares. The mentioned changes placed institutional holdings at 650,307 shares, according to the latest SEC report filing. SHIP stock had 8 new institutional investments in for a total of 588,012 shares, while 2 institutional investors sold positions of 5,359,284 shares during the same period.

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