Seanergy Maritime Holdings Corp (NASDAQ: SHIP) has seen a rise in its stock price by 0.25 in relation to its previous close of 8.11. However, the company has experienced a -5.57% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-25 that Seanergy Maritime Holdings (SHIP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Is It Worth Investing in Seanergy Maritime Holdings Corp (NASDAQ: SHIP) Right Now?
Seanergy Maritime Holdings Corp (NASDAQ: SHIP) has a price-to-earnings ratio that is above its average at 3.50x. The stock has a 36-month beta value of 0.70. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SHIP is 13.20M, and at present, short sellers hold a 1.80% of that float. On November 28, 2024, the average trading volume of SHIP was 252.29K shares.
SHIP’s Market Performance
SHIP’s stock has seen a -5.57% decrease for the week, with a -16.19% drop in the past month and a -26.36% fall in the past quarter. The volatility ratio for the week is 3.78%, and the volatility levels for the past 30 days are at 4.22% for Seanergy Maritime Holdings Corp The simple moving average for the past 20 days is -9.56% for SHIP’s stock, with a -18.07% 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 -20.20% 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 -37.62% of loss for the given period.
Volatility was left at 4.22%, however, over the last 30 days, the volatility rate increased by 3.78%, as shares sank -14.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.86% lower at present.
During the last 5 trading sessions, SHIP fell by -5.57%, which changed the moving average for the period of 200-days by +9.57% in comparison to the 20-day moving average, which settled at $8.99. In addition, Seanergy Maritime Holdings Corp saw 5.96% 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:
- 0.4 for the present operating margin
- 0.53 for the gross margin
The net margin for Seanergy Maritime Holdings Corp stands at 0.29. The total capital return value is set at 0.13. Equity return is now at value 18.93, with 9.25 for asset returns.
Based on Seanergy Maritime Holdings Corp (SHIP), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 3.36.
Currently, EBITDA for the company is 45.22 million with net debt to EBITDA at 2.4. When we switch over and look at the enterprise to sales, we see a ratio of 2.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
To sum up, Seanergy Maritime Holdings Corp (SHIP) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
