Seanergy Maritime Holdings Corp. [NASDAQ: SHIP] stock went on an upward path that rose over 0.76% on Thursday, amounting to a one-week price increase of more than 9.22%. The company report on August 4, 2022 that Seanergy Maritime Reports Record Financial Results for the Second Quarter and Six Months Ended June 30, 2022 and Declares Dividend of $0.025 Per Share.
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Highlights of the Second Quarter of 2022:.
Net revenues: $32.8 million in Q2 2022, as compared to $27.8 million in Q2 2021, up 18%.
Over the last 12 months, SHIP stock dropped by -26.04%. The one-year Seanergy Maritime Holdings Corp. stock forecast points to a potential upside of 53.99. The average equity rating for SHIP stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $125.84 million, with 172.31 million shares outstanding and 170.38 million shares in the current float. Compared to the average trading volume of 3.33M shares, SHIP stock reached a trading volume of 2741487 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $1.63 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 2.30. 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 May 20, 2022. The new note on the price target was released on October 07, 2021, representing the official price target for Seanergy Maritime Holdings Corp. stock. Previously, the target price had yet another raise to $1.50, while Noble Capital Markets analysts kept a Outperform rating on SHIP stock.
The Average True Range (ATR) for Seanergy Maritime Holdings Corp. is set at 0.04, with the Price to Sales ratio for SHIP stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 0.56.
SHIP Stock Performance Analysis:
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 9.22. With this latest performance, SHIP shares gained by 9.73% in over the last four-week period, additionally sinking by -34.25% over the last 6 months – not to mention a drop of -26.04% 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 49.75, with the RSI for the last a single of trading hit 58.73, and the three-weeks RSI is set at 44.98 for Seanergy Maritime Holdings Corp. [SHIP]. The present Moving Average for the last 50 days of trading for this stock 0.8317, while it was recorded at 0.7385 for the last single week of trading, and 1.0036 for the last 200 days.
Seanergy Maritime Holdings Corp. [SHIP] Insider Position Details
There are presently around $6 million, or 4.80% of SHIP stock, in the hands of institutional investors. The top three institutional holders of SHIP stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 2,827,275, which is approximately 290.521% of the company’s market cap and around 59.60% of the total institutional ownership; AMITELL CAPITAL PTE LTD, holding 1,699,610 shares of the stock with an approximate value of $1.28 million in SHIP stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $0.74 million in SHIP stock with ownership of nearly 12.894% of the company’s market capitalization.
Positions in Seanergy Maritime Holdings Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 23 institutional holders increased their position in Seanergy Maritime Holdings Corp. [NASDAQ:SHIP] by around 5,686,163 shares. Additionally, 14 investors decreased positions by around 1,342,878 shares, while 7 investors held positions by with 1,294,842 shares. The mentioned changes placed institutional holdings at 8,323,883 shares, according to the latest SEC report filing. SHIP stock had 12 new institutional investments in for a total of 3,017,981 shares, while 10 institutional investors sold positions of 1,226,528 shares during the same period.