Seanergy Maritime Holdings Corp (NASDAQ: SHIP)’s stock price has gone rise by 6.78 in comparison to its previous close of 8.48, however, the company has experienced a 7.29% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-15 that The increased demand for goods and services bodes well for the Transportation-Shipping industry. Stocks like Danaos (DAC), Costamare (CMRE) and Seanergy Maritime (SHIP) are likely to gain from this promising scenario.
Is It Worth Investing in Seanergy Maritime Holdings Corp (NASDAQ: SHIP) Right Now?
The price-to-earnings ratio for Seanergy Maritime Holdings Corp (NASDAQ: SHIP) is above average at 133.75x, Company’s 36-month beta value is 0.86.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SHIP is 13.30M, and currently, short sellers hold a 1.42% ratio of that floaft. The average trading volume of SHIP on April 17, 2024 was 222.26K shares.
SHIP’s Market Performance
The stock of Seanergy Maritime Holdings Corp (SHIP) has seen a 7.29% increase in the past week, with a 4.57% rise in the past month, and a 21.88% gain in the past quarter. The volatility ratio for the week is 6.50%, and the volatility levels for the past 30 days are at 5.25% for SHIP. The simple moving average for the past 20 days is 3.58% for SHIP’s stock, with a 38.36% 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 10.50% 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 -4.08% of loss for the given period.
Volatility was left at 5.25%, however, over the last 30 days, the volatility rate increased by 6.50%, as shares sank -1.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.37% upper at present.
During the last 5 trading sessions, SHIP rose by +7.29%, which changed the moving average for the period of 200-days by +84.80% in comparison to the 20-day moving average, which settled at $8.75. In addition, Seanergy Maritime Holdings Corp saw 16.58% 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 3.55. 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 a nutshell, Seanergy Maritime Holdings Corp (SHIP) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
