Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) previous close was $1.03 while the outstanding shares total 156.22M. The firm has a beta of 0.81. SHIP’s shares traded higher over the last trading session, gaining 1.94% on 05/21/21. The shares fell to a low of $1.01 before closing at $1.05. Intraday shares traded counted 3.53 million, which was 66.55% higher than its 30-day average trading volume of 10.55M. The stock’s Relative Strength Index (RSI) is 51.01, with weekly volatility at 5.62% and ATR at 0.09. The SHIP stock’s 52-week price range has touched low of $0.39 and a $5.84 high.
Investors have identified the Marine Shipping company Seanergy Maritime Holdings Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $160.90 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Seanergy Maritime Holdings Corp. (SHIP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SHIP, the company has in raw cash 33.82 million on their books with 178.67 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 33.82 million total, with 202.0 million as their total liabilities.
Potential earnings growth for Seanergy Maritime Holdings Corp. (SHIP)
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 10.27 million trying to sell their products during the last quarter, with the result yielding a gross income of 9.38 million. This allows shareholders to hold on to 156.22M with the recently reported earning now reading 0.08 cents per share. This is a figure that compared to analyst’s prediction for their 08/12/2021 (-0.02 cents a share).
Is the stock of SHIP attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 59.60%.
1 out of 2 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Seanergy Maritime Holdings Corp.. 0 analysts has assigned a Sell rating on the SHIP stock. The 12-month mean consensus price target for the company’s shares has been set at $1.50.