In the last trading session, 27,047,642 shares of the Seanergy Maritime Holdings Corp.(NASDAQ:SHIP) were traded, and its beta was 0.91. Most recently the company’s share price was $1.5, and it changed around -$0.12 or -0.07% from the last close, which brings the market valuation of the company to $229.71 Million. SHIP currently trades at a discount to its 52-week high of $7.04, offering almost -369.33% off that amount. The share price’s 52-week low was $0.39, which indicates that the current value has risen by an impressive 74% since then. We note from Seanergy Maritime Holdings Corp.’s average daily trading volume that its 10-day average is 70Million shares, with the 3-month average coming to 19.13 Million.
Seanergy Maritime Holdings Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 2 recommended SHIP as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Seanergy Maritime Holdings Corp. is expected to report earnings per share of -$0.02 for the current quarter.
Seanergy Maritime Holdings Corp. (NASDAQ:SHIP): Trading Information
Although SHIP has showed a red trend with a performance of -7.41% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.45 on Tuesday, Feb 16 increased the stock’s daily price by 38.78%. The company’s shares are currently up 1.79% year-to-date, but still down -0.2537 over the last five days. On the other hand, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is 0.52% up in the 30-day period. We can see from the shorts that 9.08 Million shares have been sold at a short interest cover period of 0.47 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bears needing to increase their stock price by 300% from its current value. Analyst projections state that SHIP is forecast to be at a low of $6 and a high of $6. In order for the stock price to hit the forecast high, the stock would need to surge +300% from its current level, while the stock would need to crash 300% from its current level to reach the projected low.
Seanergy Maritime Holdings Corp. (SHIP) projections and forecasts
Seanergy Maritime Holdings Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +177.26 percent over the past six months and at a 95.97% annual growth rate that is well above the industry average of 7%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -101% in revenue this quarter, and will report an increase of 100% in the next quarter. The year-over-year growth rate is expected to be -28.7%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $21.12 Million in revenue for the current quarter. 2 analysts expect Seanergy Maritime Holdings Corp. to make $20.23 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $27.77 Million and $13.34 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -23.9%. Forecasts for the next quarter put sales growth at 51.7%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -14.9%. Seanergy Maritime Holdings Corp. earnings are expected to increase by 90.9% in 2021, but the outlook is negative 0% per year for the next five years.
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Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 10.03% of Seanergy Maritime Holdings Corp. shares, and 9.02% of them are in the hands of institutional investors. The stock currently has a share float of 10.02%. Seanergy Maritime Holdings Corp. stock is held by 8 institutions, with Sabby Management, LLC being the largest institutional investor. By Sep 29, 2020, it held 8.07% of the shares, which is about 5.35 Million shares worth $2.44 Million.
ETRADE Capital Management LLC, with 0.08% or 51.05 Thousand shares worth $23.31 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.