Seanergy Maritime Holdings Corp (NASDAQ: SHIP) has a price-to-earnings ratio of 132.79x that is above its average ratio. Additionally, the 36-month beta value for SHIP is 0.86. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SHIP is 13.07M and currently, short sellers hold a 1.44% ratio of that float. The average trading volume of SHIP on April 11, 2024 was 216.26K shares.
SHIP) stock’s latest price update
Seanergy Maritime Holdings Corp (NASDAQ: SHIP)’s stock price has increased by 3.93 compared to its previous closing price of 8.65. However, the company has seen a 6.14% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-11 that PARAA, VLVLY and SHIP made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 11, 2024.
SHIP’s Market Performance
Seanergy Maritime Holdings Corp (SHIP) has experienced a 6.14% rise in stock performance for the past week, with a 6.00% rise in the past month, and a 22.97% rise in the past quarter. The volatility ratio for the week is 4.87%, and the volatility levels for the past 30 days are at 5.12% for SHIP. The simple moving average for the past 20 days is 2.64% for SHIP’s stock, with a 38.72% simple moving average for the past 200 days.
Analysts’ Opinion of SHIP
Many brokerage firms have already submitted their reports for SHIP stocks, with B. Riley Securities repeating the rating for SHIP by listing it as a “Buy.” The predicted price for SHIP in the upcoming period, according to B. Riley Securities is $11 based on the research report published on January 16, 2024 of the current year 2024.
Noble Capital Markets, on the other hand, stated in their research note that they expect to see SHIP reach a price target of $1.50. The rating they have provided for SHIP stocks is “Outperform” according to the report published on May 20th, 2022.
Maxim Group gave a rating of “Buy” to SHIP, setting the target price at $2.50 in the report published on October 07th of the previous year.
SHIP Trading at 10.78% from the 50-Day Moving Average
After a stumble in the market that brought SHIP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.77% of loss for the given period.
Volatility was left at 5.12%, however, over the last 30 days, the volatility rate increased by 4.87%, as shares sank -0.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.67% upper at present.
During the last 5 trading sessions, SHIP rose by +7.32%, which changed the moving average for the period of 200-days by +111.40% in comparison to the 20-day moving average, which settled at $8.78. In addition, Seanergy Maritime Holdings Corp saw 15.75% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SHIP
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.33 for the gross margin
The net margin for Seanergy Maritime Holdings Corp stands at 0.02. The total capital return value is set at 0.05. Equity return is now at value 0.85, with 0.39 for asset returns.
Based on Seanergy Maritime Holdings Corp (SHIP), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.02. The interest coverage ratio of the stock is 1.06.
Currently, EBITDA for the company is 42.27 million with net debt to EBITDA at 9.82. When we switch over and look at the enterprise to sales, we see a ratio of 3.54. The receivables turnover for the company is 91.56for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.36.
Conclusion
In conclusion, Seanergy Maritime Holdings Corp (SHIP) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
