Should I buy or sell Seanergy Maritime stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Seanergy Maritime in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SHIP shares. View SHIP analyst ratings or view top-rated stocks .

What is Seanergy Maritime's stock price target for 2024?

2 brokers have issued 1-year target prices for Seanergy Maritime's shares. Their SHIP share price targets range from $12.00 to $13.00. On average, they anticipate the company's share price to reach $12.50 in the next twelve months. This suggests a possible upside of 30.9% from the stock's current price. View analysts price targets for SHIP or view top-rated stocks among Wall Street analysts .

How have SHIP shares performed in 2024?

Seanergy Maritime's stock was trading at $7.83 at the start of the year. Since then, SHIP stock has increased by 22.0% and is now trading at $9.55. View the best growth stocks for 2024 here .

When is Seanergy Maritime's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024. View our SHIP earnings forecast .

How were Seanergy Maritime's earnings last quarter?

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) issued its quarterly earnings data on Friday, March, 15th. The shipping company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.41. The shipping company earned $39.43 million during the quarter, compared to analyst estimates of $33.90 million. Seanergy Maritime had a net margin of 1.68% and a trailing twelve-month return on equity of 2.70%.

How often does Seanergy Maritime pay dividends? What is the dividend yield for Seanergy Maritime?

Seanergy Maritime announced a quarterly dividend on Friday, March 15th. Investors of record on Monday, March 25th will be given a dividend of $0.025 per share on Wednesday, April 10th. This represents a $0.10 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, March 22nd. Read our dividend analysis for SHIP .

Is Seanergy Maritime a good dividend stock?

Seanergy Maritime (NASDAQ:SHIP) pays an annual dividend of $0.10 per share and currently has a dividend yield of 1.10%. The dividend payout ratio is 142.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SHIP will have a dividend payout ratio of 6.54% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SHIP .

When did Seanergy Maritime's stock split?

Seanergy Maritime shares reverse split before market open on Wednesday, March 20th 2019. The 1-15 reverse split was announced on Tuesday, February 26th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, March 19th 2019. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

What other stocks do shareholders of Seanergy Maritime own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Seanergy Maritime investors own include Gran Tierra Energy (GTE) , Bionano Genomics (BNGO) , Matinas BioPharma (MTNB) , Pennsylvania Real Estate Investment Trust (PEI) , Novan (NOVN) , CNBX Pharmaceuticals (CNBX) , Aeterna Zentaris (AEZS) , CBL & Associates Properties (CBL) , DHT (DHT) and ADMA Biologics (ADMA) .

How do I buy shares of Seanergy Maritime?

Shares of SHIP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SHIP

Seanergy Maritime (SHIP) Stock Price, News & Analysis

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$9.55

+0.27 (+2.91%)

(As of 04/18/2024 ET)

Compare

Today's Range: $9.01
▼
$9.65
50-Day Range: $7.20
▼
$9.55
52-Week Range: $4.03
▼
$9.65

Volume: 535,736 shs
Average Volume: 242,219 shs
Market Capitalization: $187.56 million

P/E Ratio: 136.43
Dividend Yield: 1.05%
Price Target: $12.50

Get Seanergy Maritime alerts:

Seanergy Maritime MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 30.9% Upside
$12.50 Price Target
Short Interest: Healthy
1.44% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.82
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 42.99%
From $1.07 to $1.53 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.22 out of 5 stars

Transportation Sector

37th out of 106 stocks

Deep Sea Foreign Transportation Of Freight Industry

8th out of 24 stocks

3.5

Analyst's Opinion

Consensus Rating
Seanergy Maritime has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Seanergy Maritime has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.44% of the float of Seanergy Maritime has been sold short.
Short Interest Ratio / Days to Cover
Seanergy Maritime has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Seanergy Maritime has recently decreased by 13.52%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Seanergy Maritime pays a meaningful dividend of 1.10%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Seanergy Maritime does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Seanergy Maritime is 142.86%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Seanergy Maritime will have a dividend payout ratio of 6.54% next year. This indicates that Seanergy Maritime will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SHIP.

3.2

News and Social Media Coverage

News Sentiment
Seanergy Maritime has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Seanergy Maritime this week, compared to 1 article on an average week.
Search Interest
Only 9 people have searched for SHIP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
8 people have added Seanergy Maritime to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Seanergy Maritime insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.70% of the stock of Seanergy Maritime is held by insiders.
Percentage Held by Institutions
Only 29.36% of the stock of Seanergy Maritime is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Seanergy Maritime are expected to grow by 42.99% in the coming year, from $1.07 to $1.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Seanergy Maritime is 136.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.15.
Price to Earnings Ratio vs. Sector
The P/E ratio of Seanergy Maritime is 136.43, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 17.09.
Price to Book Value per Share Ratio
Seanergy Maritime has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Seanergy Maritime Stock (NASDAQ:SHIP)

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was incorporated in 2008 and is based in Glyfada, Greece.

SHIP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SHIP Stock News Headlines

April 17, 2024 | seatrade-maritime.com

Singapore retains maritime city top spot

April 13, 2024 | americanbankingnews.com

B. Riley Research Analysts Lift Earnings Estimates for Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

April 19, 2024 | Gold Safe Exchange (Ad)

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April 13, 2024 | americanbankingnews.com

B. Riley Analysts Increase Earnings Estimates for Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

April 11, 2024 | americanbankingnews.com

Seanergy Maritime (NASDAQ:SHIP) PT Raised to $13.00 at B. Riley

April 9, 2024 | finanznachrichten.de

Seanergy Maritime Holdings Corp.: Seanergy Maritime And United Maritime Provide Financial Update To Shareholders

April 3, 2024 | msn.com

US Ally Seizes Chinese Vessels

April 3, 2024 | globenewswire.com

Seanergy Maritime Announces Availability of its 2023 Annual Report on Form 20-F

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 2, 2024 | investorplace.com

7 Under-$10 Dividend Stocks Put on Your Radar in April

March 22, 2024 | finance.yahoo.com

Seanergy Maritime Holdings Corp's Dividend Analysis

March 19, 2024 | markets.businessinsider.com

Buy Rating on Seanergy Maritime Affirmed: Strong Q4 Performance and Positive Market Outlook

March 18, 2024 | seekingalpha.com

Seanergy Maritime Holdings: Discounted Play On The Red Hot Capesize Market - Buy

March 17, 2024 | seekingalpha.com

Seanergy Maritime Holdings Corp. (SHIP) Q4 2023 Earnings Call Transcript

March 16, 2024 | msn.com

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