Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has a beta value of 0.83 and has seen 3.31 million shares traded in the last trading session. The company, currently valued at $220.70M, closed the last trade at $1.27 per share which meant it lost -$0.04 on the day or -3.05% during that session. The SHIP stock price is -92.91% off its 52-week high price of $2.45 and 69.29% above the 52-week low of $0.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.2 million shares traded. The 3-month trading volume is 7.46 million shares.
The consensus among analysts is that Seanergy Maritime Holdings Corp. (SHIP) is an Overweight stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) trade information
Sporting -3.05% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the SHIP stock price touched $1.27 or saw a rise of 4.51%. Year-to-date, Seanergy Maritime Holdings Corp. shares have moved 136.24%, while the 5-day performance has seen it change 0.79%. Over the past 30 days, the shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) have changed 30.32%. Short interest in the company has seen 7.82 million shares shorted with days to cover at 1.61.
Wall Street analysts have a consensus price target for the stock at $1.50, which means that the shares’ value could jump 15.33% from current levels. The projected low price target is $1.50 while the price target rests at a high of $1.50. In that case, then, we find that the current price level is -18.11% off the targeted high while a plunge would see the stock gain -18.11% from current levels.
Seanergy Maritime Holdings Corp. (SHIP) estimates and forecasts
Figures show that Seanergy Maritime Holdings Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained 16.51% over the past 6 months, with this year growth rate of 133.96%, compared to -5.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 101.50% and 125.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 138.70%.
2 analysts offering their estimates for the company have set an average revenue estimate of $27.83 million for the current quarter. 3 have an estimated revenue figure of $50.94 million for the next quarter concluding in Sep 2021. Year-ago sales stood $9.04 million and $19.65 million respectively for this quarter and the next, and analysts expect sales will grow by 207.80% for the current quarter and 159.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 69.20% over the past 5 years.
Seanergy Maritime Holdings Corp. is expected to release its next earnings report between November 16 and November 22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)’s Major holders
Insiders own 7.72% of the company shares, while shares held by institutions stand at 3.23% with a share float percentage of 3.50%. Investors are also buoyed by the number of investors in a company, with Seanergy Maritime Holdings Corp. having a total of 28 institutions that hold shares in the company. The top two institutional holders are Marshall Wace LLP with over 2.32 million shares worth more than $2.6 million. As of Jun 29, 2021, Marshall Wace LLP held 1.50% of shares outstanding.
The other major institutional holder is Sabby Management, LLC, with the holding of over 0.65 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $0.73 million and represent 0.42% of shares outstanding.