During the last session, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)’s traded shares were 6.26 million, with the beta value of the company hitting 0.79. At the end of the trading day, the stock’s price was $1.38, reflecting an intraday gain of 2.22% or $0.03. The 52-week high for the SHIP share is $2.45, that puts it down -77.54 from that peak though still a striking 71.01% gain since the share price plummeted to a 52-week low of $0.40. The company’s market capitalization is $223.12M, and the average intraday trading volume over the past 10 days was 16.25 million shares, and the average trade volume was 7.17 million shares over the past three months.
Seanergy Maritime Holdings Corp. (SHIP) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. SHIP has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.09.
Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) trade information
Seanergy Maritime Holdings Corp. (SHIP) registered a 2.22% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.22% in intraday trading to $1.38 this Wednesday, 09/22/21, hitting a weekly high. The stock’s 5-day price performance is -9.21%, and it has moved by 23.21% in 30 days. Based on these gigs, the overall price performance for the year is 221.45%. The short interest in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is 7.82 million shares and it means that shorts have 1.61 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.70, which implies an increase of 18.82% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.40 and $2.00 respectively. As a result, SHIP is trading at a discount of -44.93% off the target high and -1.45% off the low.
Seanergy Maritime Holdings Corp. (SHIP) estimates and forecasts
Statistics show that Seanergy Maritime Holdings Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Seanergy Maritime Holdings Corp. (SHIP) shares have gone up 27.78% during the last six months, with a year-to-date growth rate more than the industry average at 143.40% against -5.50. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 125.00% this quarter and then jump 433.30% in the quarter after that. In the rating firms’ projections, revenue will increase 138.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $50.94 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $50.85 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $19.65 million and $21.31 million respectively. In this case, analysts expect current quarter sales to grow by 159.20% and then jump by 138.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 69.20%. While earnings are projected to return 95.50% in 2021.
Seanergy Maritime Holdings Corp. is due to release its next quarterly earnings between November 16 and November 22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)’s Major holders
Seanergy Maritime Holdings Corp. insiders own 7.72% of total outstanding shares while institutional holders control 3.23%, with the float percentage being 3.50%. Marshall Wace LLP is the largest shareholder of the company, while 28 institutions own stock in it. As of Jun 29, 2021, the company held over 2.32 million shares (or 1.50% of all shares), a total value of $2.6 million in shares.
The next largest institutional holding, with 0.65 million shares, is of Sabby Management, LLC’s that is approximately 0.42% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $0.73 million.
Data provided on Jun 29, 2021 indicates that Fidelity NASDAQ Composite Index Fund owns about 72085.0 shares. This amounts to just over 0.05 percent of the company’s overall shares, with a $80735.0 market value.