What is Seanergy Maritime Holdings Corp. (SHIP) Stock Return on Shareholders’ Capital?

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) stock fell -2.24% on Monday to $0.61 against a previous-day closing price of $0.62. With 1.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.61 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $0.6288 whereas the lowest price it dropped to was $0.6000. The 52-week range on SHIP shows that it touched its highest point at $1.32 and its lowest point at $0.44 during that stretch. It currently has a 1-year price target of $1.23. With its current market cap of 107.42 million, SHIP has annualized dividend of $0.10 while the current yield stands at 16.38%. Beta for the stock currently stands at 0.59.

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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 up-trending over the past week, with a rise of 6.69%, but this was up by 15.91% over a month. Three-month performance surged to 22.66% while six-month performance fell -13.73%. The stock lost -32.09% in the past year, while it has gained 23.21% so far this year. A look at the trailing 12-month EPS for SHIP yields 0.19 with Next year EPS estimates of 0.07. For the next quarter, that number is -0.01. This implies an EPS growth rate of 139.40% for this year and -25.29% for next year.

Float and Shares Shorts:

At present, 181.92 million SHIP shares are outstanding with a float of 179.31 million shares on hand for trading. On Dec 29, 2022, short shares totaled 6.7 million, which was 3.68% higher than short shares on Nov 29, 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 1.37% of SHIP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.94% of SHIP, in contrast to 0.18% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SHIP with 0.26% of the stake, Morgan Stanley Smith Barney LLC holds 471,629 shares worth 471,629. A second-largest stockholder of SHIP, Renaissance Technologies LLC, holds 420,600 shares, controlling over 0.23% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in SHIP, holding 228,953 shares or 0.13% stake. With a 0.08% stake in SHIP, the SPDR S&P Emerging Markets Small C is the largest stakeholder. A total of 139,344 shares are owned by the mutual fund manager. The SPDR Portfolio Emerging Markets E, which owns about 0.06% of SHIP stock, is the second-largest Mutual Fund holder. It holds 113,699 shares valued at 56281.0. Fidelity Nasdaq Composite Index F holds 0.04% of the stake in SHIP, owning 72,085 shares worth 35682.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, SHIP reported revenue of $32.85M and operating income of $11.14M. The EBITDA in the recently reported quarter was $7.80M and diluted EPS was $0.02.

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 $1.50 and a low target of $0.70, the average target price over the next 12 months is $1.23. Based on these targets, SHIP could surge 145.9% to reach the target high and rise by 14.75% to reach the target low. Reaching the average price target will result in a growth of 101.64% 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 03/07/2024. Analysts have provided yearly estimates in a range of $0.10 being high and $0.09 being low. For SHIP, this leads to a yearly average estimate of $0.09. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Seanergy Maritime Holdings Corp. surprised analysts by $0.03 when it reported $0.04 EPS against a consensus estimate of $0.01. The surprise factor in the prior quarter was $0.01. The average estimate for the next quarter is thus -$0.01.

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