Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) traded at $1.22 at close of the session on Tuesday, May 04, made an upward move of 10.91% on its previous day’s price.
Looking at the stock we see that its previous close was $1.1 and the beta (5Y monthly) reads 0.8 with the day’s price range being $1.0700 – 1.3000. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, SHIP has a high of $5.84 and a low of $0.39. The company’s stock has gained about 15.09% over that past 30 days.
Seanergy Maritime Holdings Corp. has a market cap of $185.33 Million and is expected to release its quarterly earnings report on Jun 23, 2021- Jun 28, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the SHIP stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.01, with the EPS growth for the year raised at $0.07 for 2021 and $0.03 for next year. These figures represent -1.13% and -0.57% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $21.32 Million, with a low of $20.6 Million and a high of $22.05 Million. The median projection represents growth adding up to 59.8% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $120.62 Million, or +90.4% up from figures reported last year.
On the other hand, looking at the outlook for the SHIP stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Seanergy Maritime Holdings Corp. (SHIP) stock as a Hold, while 1 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the SHIP stock currently stands at 0, and the current price level is 24.94% off its SMA20 and 9.56% from its 50-day simple moving average. The RSI (14) is pointing at 63.83 while the volatility over the past week is 9.26% and drops to 8.05% over the past one month. The beta value is 0.8, while the average true range (ATR) is currently pointing at 0.09. The average price target for the stock over the next 12 months is $1.5, with the estimates having a low of $1.5 and a high of $1.5. These price ends are 22.95% and +22.95% off the current price level respectively, although investors could be excited at the prospect of a +22.95% if the SHIP share price touches on the median price of $1.5.
Let’s briefly compare Seanergy Maritime Holdings Corp. (SHIP) stock to its peers. We find that current price change of +10.91% and -47.38% over the past 12 months for SHIP competes that of Kirby Corp (KEX), which has seen its stock price rise 3.52% in the last trading session and was +33.08% over the last one year. Another of its peers Euronav NV (EURN) has climbed 2.93% previous session, but was -17.58% down over the past year, while Star Bulk Carriers (SBLK) was also up 10.91% in the last session, while its price remained in the red at -47.38% over the same period. Seanergy Maritime Holdings Corp. has a P/E ratio of 0 compared to Kirby Corp’s 55.41 and Euronav NV’s 3.9. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.27% and 0.7%, respectively, at close of the trading.
Coming back to Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), we note that the average 3-month trading volume was 21.48 Million, while that of the preceding 10-day period stands at 7.21 Million. Current shares outstanding are 156.22 Million.
According to data from Thomson Reuters, insiders hold 8.36% of the company’s shares while institutions hold 2.46%. The data shows that short shares as of April 14, 2021, stood at 7.52 Million at a short ratio of 0.76. This represents a 4.81% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 6.5 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +126.93% up in year-to-date price movement.