Seanergy Maritime Holdings Corp. [NASDAQ: SHIP] gained 0.99% or 0.01 points to close at $1.02 with a heavy trading volume of 6848901 shares. The company report on April 5, 2021 that Leading Shipowners, Regulators, Charterers, Financiers and Industry Participants Presenting at Capital Link’s Decarbonization in Shipping Forum.
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It opened the trading session at $1.01, the shares rose to $1.04 and dropped to $1.00, the range by which the price of stock traded the whole day. The daily chart for SHIP points out that the company has recorded 118.37% gains over the past six months. However, it is still -161.54% lower than its most recent low trading price.
If we look at the average trading volume of 21.26M shares, SHIP reached to a volume of 6848901 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Seanergy Maritime Holdings Corp. [SHIP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHIP shares is $1.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHIP stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Noble Capital Markets have made an estimate for Seanergy Maritime Holdings Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 31, 2021. The new note on the price target was released on July 08, 2020, representing the official price target for Seanergy Maritime Holdings Corp. stock. Previously, the target price had yet another drop from $10 to $4, while Maxim Group kept a Buy rating on SHIP stock.
The Average True Range (ATR) for Seanergy Maritime Holdings Corp. is set at 0.11, with the Price to Sales ratio for SHIP stock in the period of the last 12 months amounting to 2.50. The Price to Book ratio for the last quarter was 0.72, with the Price to Cash per share for the same quarter was set at 0.15.
Trading performance analysis for SHIP stock
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 -5.56. With this latest performance, SHIP shares dropped by -6.42% in over the last four-week period, additionally plugging by 118.37% over the last 6 months – not to mention a drop of -54.69% 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 42.02, with the RSI for the last a single of trading hit 37.82, and the three-weeks RSI is set at 45.20 for Seanergy Maritime Holdings Corp. [SHIP]. The present Moving Average for the last 50 days of trading for this stock 1.2422, while it was recorded at 1.0400 for the last single week of trading, and 0.9838 for the last 200 days.
Seanergy Maritime Holdings Corp. [SHIP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Seanergy Maritime Holdings Corp. [SHIP] shares currently have an operating margin of -0.42 and a Gross Margin at +11.67. Seanergy Maritime Holdings Corp.’s Net Margin is presently recorded at -28.98.
Return on Total Capital for SHIP is now -0.11, given the latest momentum, and Return on Invested Capital for the company is -11.40. Return on Equity for this stock declined to -29.24, with Return on Assets sitting at -6.35. 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 192.57. Additionally, SHIP Total Debt to Total Capital is recorded at 65.82, with Total Debt to Total Assets ending up at 62.42. Long-Term Debt to Equity for the company is recorded at 192.57, with the Long-Term Debt to Total Capital now at 65.82.
Seanergy Maritime Holdings Corp. [SHIP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Seanergy Maritime Holdings Corp. posted -4.96/share EPS, while the average EPS was predicted by analysts to be reported at -5.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.60%. 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.
An analysis of insider ownership at Seanergy Maritime Holdings Corp. [SHIP]
There are presently around $1 million, or 2.50% 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 $59000.0 in SHIP stocks shares; and ETRADE CAPITAL MANAGEMENT LLC, currently with $52000.0 in SHIP stock with ownership of nearly New of the company’s market capitalization.
Positions in Seanergy Maritime Holdings Corp. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 9 institutional holders increased their position in Seanergy Maritime Holdings Corp. [NASDAQ:SHIP] by around 552,456 shares. Additionally, 4 investors decreased positions by around 5,405,213 shares, while 0 investors held positions by with 5,346,881 shares. The mentioned changes placed institutional holdings at 610,788 shares, according to the latest SEC report filing. SHIP stock had 8 new institutional investments in for a total of 548,493 shares, while 3 institutional investors sold positions of 5,398,953 shares during the same period.