Are Smart Investors Making the Right Decision? Seanergy Maritime Holdings Corp. (SHIP)

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) stock fell -3.85% on Friday to $0.69 against a previous-day closing price of $0.72. With 3.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.33 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $0.7183 whereas the lowest price it dropped to was $0.6820. The 52-week range on SHIP shows that it touched its highest point at $1.59 and its lowest point at $0.65 during that stretch. It currently has a 1-year price target of $1.63. With its current market cap of 119.73 million, SHIP has annualized dividend of $0.10 while the current yield stands at 14.49%. Beta for the stock currently stands at 0.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SHIP was down-trending over the past week, with a drop of -3.73%, but this was up by 2.86% over a month. Three-month performance dropped to -40.00% while six-month performance fell -34.79%. The stock lost -27.98% in the past year, while it has lost -23.31% so far this year. A look at the trailing 12-month EPS for SHIP yields 0.23 with Next year EPS estimates of 0.53. For the next quarter, that number is 0.09. This implies an EPS growth rate of 139.40% for this year and 60.61% for next year.

Float and Shares Shorts:

At present, 172.31 million SHIP shares are outstanding with a float of 170.38 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.58 million, which was 3.69% higher than short shares on Jun 14, 2022. In addition to Mr. Stamatios Tsantanis as the firm’s Chairman & CEO, Mr. Stavros Gyftakis serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 4.86% of SHIP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.58% of SHIP, in contrast to 0.14% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SHIP with 1.59% of the stake, Renaissance Technologies LLC holds 2,827,275 shares worth 2,827,275. A second-largest stockholder of SHIP, Amitell Capital Pte Ltd., holds 1,699,610 shares, controlling over 0.95% of the firm’s shares. Millennium Management LLC is the third largest shareholder in SHIP, holding 977,538 shares or 0.55% stake. With a 0.05% stake in SHIP, the SPDR Portfolio Emerging Markets E is the largest stakeholder. A total of 96,086 shares are owned by the mutual fund manager. The SPDR S&P Emerging Markets Small C, which owns about 0.04% of SHIP stock, is the second-largest Mutual Fund holder. It holds 74,288 shares valued at 60545.0. Fidelity Nasdaq Composite Index F holds 0.04% of the stake in SHIP, owning 72,085 shares worth 58749.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SHIP since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SHIP analysts setting a high price target of $2.00 and a low target of $1.40, the average target price over the next 12 months is $1.63. Based on these targets, SHIP could surge 189.86% to reach the target high and rise by 102.9% to reach the target low. Reaching the average price target will result in a growth of 136.23% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SHIP will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of $0.23 being high and $0.14 being low. For SHIP, this leads to a yearly average estimate of $0.18. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Seanergy Maritime Holdings Corp. surprised analysts by $0.01 when it reported $0.04 EPS against a consensus estimate of $0.03. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.04 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.03.

Dividends & Yield:

In terms of dividends, SHIP has a current ratio of $0.1, which is $0.1 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and SHIP currently yields $7.25. In the past year, SHIP’s dividend yield has been $7.25. Accordingly, SHIP has a current buyback yield of $0.0. This was $0.0 for the TTM.

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