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Seanergy Maritime Holdings Corp. (NASDAQ: SHIP): A Hidden Gem Despite Volatility

The trading price of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) floating lower at last check on Wednesday, June 22, closing at $0.84, -7.49% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.9036 and $0.99. The company’s P/E ratio in the trailing 12-month period was 3.96, while its 5Y monthly beta was 0.37. In examining the 52-week price action we see that the stock hit a 52-week high of $1.59 and a 52-week low of $0.77. Over the past month, the stock has lost -24.34% in value.

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Seanergy Maritime Holdings Corp., whose market valuation is $157.11 million at the time of this writing, is expected to release its quarterly earnings report Mar 21, 2022 – Mar 25, 2022. The dividend yield on the company stock is 11.01%, while its Forward Dividend ratio is 0.10. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.03 per share this quarter, however they have predicted annual earnings per share of $0.31 for 2022 and $0.37 for 2023. It means analysts are expecting annual earnings per share growth of 6.90% this year and 19.40% next year.

Analysts have forecast the company to bring in revenue of $30.59 million for the current quarter, with the likely lows of $27.01 million and highs of $35 million. The average estimate suggests sales will likely up by 50.00% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $165.68 million. The company’s revenue is forecast to grow by 8.20% over what it did in 2022.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Seanergy Maritime Holdings Corp. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SHIP has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SHIP a recommendation rating is 3. Out of them, 0 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Seanergy Maritime Holdings Corp. (SHIP) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that SHIP’s price is currently -23.74% off the SMA20 and -23.89% off the SMA50. The RSI metric on the 14-day chart is currently showing 26.90, and weekly volatility stands at 5.78%. When measured over the past 30 days, the indicator reaches 5.25%. Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)’s beta value is currently sitting at 0.44, while the Average True Range indicator is currently displaying 0.06. With analysts defining $1.40-$2.25 as the low and high price targets, we arrive at a consensus price target of $1.72 for the trailing 12-month period. The current price is about -66.67% off the estimated low and -167.86% off the forecast high, based on this estimate. Investors will be thrilled if SHIP’s share price rises to $1.50, which is the median consensus price. At that level, SHIP’s share price would be -78.57% below current price.

To see how Seanergy Maritime Holdings Corp. stock has been performing today in comparison to its peers in the industry, here are the numbers: SHIP stock’s performance was -7.49% at last check in today’s session, and -23.41% in the past year. Seanergy Maritime Holdings Corp. has a P/E ratio of 3.96. Also during today’s trading, the S&P 500 Index has surged 0.60%, while the Dow Jones Industrial also saw a positive session, up 0.41% today.

An evaluation of the daily trading volume of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) indicates that the 3-month average is 3.19 million. However, this figure has increased over the past 10 days to an average of 3.29 million.

Currently, records show that 172.31 million of the company’s shares remain outstanding. The insiders hold 59.60% of outstanding shares, whereas institutions hold 4.80%. The stats also highlight that short interest as of Apr 28, 2022, stood at 4.41 million shares, resulting in a short ratio of 1.39 at that time. From this, we can conclude that short interest is 2.47% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 4.85 million. However, since the stock’s price has seen 0.91% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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