Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is a big mover this session as the company shares are trading 2.2% or 0.012 points lower from last closing price of $0.56, reaching $0.5477 at last check. So what’s going on with SHIP shares anyway? The price has dropped in 4 of the last 5 days and is down -10.33% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 13,717 shares, and in total 104117 shares valued at $57025 were seen changing hands compared with 90400 shares valued at $50624 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the SHIP stock.
Seanergy Maritime Holdings Corp. (SHIP) shares have notched a 3-month decline of about -10.33%, but has still tumbled -92.51% year to date. By comparison, the stock sank -95.62% over the past 12 months, while it slipped -0.37% over the 1 month. The company’s market cap is around $14.22M, with its short interest ratio standing at 0.2%.
In the current trading session for SHIP, the stock witnessed two major price actions, it rose to a high of $0.5699 and was down as much as $0.54 at one point. The high recorded is very low when compared to their 52-week high which is $0.5. The 52-week high is now at -96.65 distance from current price. Their recent low of $16.35 represents a 9.6% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for SHIP is $1.3, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Seanergy Maritime Holdings Corp. earned $-7.73 per share in the trailing 12 months and has a P/E ratio of -0.07. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 43.47 and lower compared to the sector’s average of 28.57. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. SHIP also has P/S multiple of 0.16. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.23x.
SHIP‘s last price was down -86% as compared to the average trading price of 50 days recorded at $3.91 while enlarging the period to 200 trading days, the average closing price was $0.59. At present, there are 25.17 million in the total number of common shares owned by the public and among those 14.91 million shares have been available to trade. The percentage of shares being held by the company management was 59.6% while institutions stake was 11.7%. The company has generated negative returns on equity over the last 12 months (-116.1%). It managed to keep its gross profit margin at 29.8% over the past 12 months.
When assessing the full upside of the SHIP stock, there is another set of technicals that should be looked into and considered. Its -7.24% decline from moving average of $0.59 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0.85 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Seanergy Maritime Holdings Corp. — 2 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $3 on shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), which corresponds to 450.46% upside potential than its current market price of $0.5477 and implies potential despite the recent drop in the price. However, their current target price has fallen from $3 a month ago and is down handily from the consensus target of $4 a quarter ago.
In the last five years, the EPS of the company has been roughly -30.9%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has risen at an average annualized rate of about 31.7 over the last five years. The company recently recorded an increase of 11.9%, but this figure is rather attractive.