NASDAQ:SHIP

Seanergy Maritime - SHIP Stock Forecast, Price & News

$0.52

+0.01 (+1.97%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $0.50
▼
$0.53
50-Day Range: $0.45
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$0.57
52-Week Range: $0.44
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$1.35

Volume: 1.24 million shs
Average Volume: 1.56 million shs
Market Capitalization: $79.19 million

P/E Ratio: 2.59
Dividend Yield: 19.34%
Price Target: $1.75

Seanergy Maritime MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 238.4% Upside
$1.75 Price Target
Short Interest: Healthy
5.47% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.24
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Transportation Sector

36th out of 123 stocks

Deep Sea Foreign Transportation Of Freight Industry

13th out of 29 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.
Price Target Upside/Downside
According to analysts' consensus price target of $1.75, Seanergy Maritime has a forecasted upside of 238.4% from its current price of $0.52.
Amount of Analyst Coverage
Seanergy Maritime has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
5.47% of the outstanding shares of Seanergy Maritime have been sold short.
Short Interest Ratio / Days to Cover
Seanergy Maritime has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Seanergy Maritime has recently decreased by 5.53%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Seanergy Maritime is a leading dividend payer. It pays a dividend yield of 19.34%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Seanergy Maritime does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Seanergy Maritime is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

1.8

News and Social Media Coverage

News Sentiment
Seanergy Maritime has a news sentiment score of 0.24. 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 news sentiment score is similar to the average news sentiment of Transportation companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Seanergy Maritime this week, compared to 2 articles on an average week.
Search Interest
Only 15 people have searched for SHIP on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Seanergy Maritime to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% 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 Institutions
Only 2.69% of the stock of Seanergy Maritime is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Seanergy Maritime is 2.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of Seanergy Maritime is 2.59, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 25.88.
Price to Book Value per Share Ratio
Seanergy Maritime has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Seanergy Maritime (NASDAQ:SHIP) Stock

Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 17 Capesize vessels with a cargo-carrying capacity of approximately 3,011,083 deadweight tons. 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 Athens, Greece.

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SHIP Stock News Headlines

December 2, 2022 | finance.yahoo.com

Seanergy Maritime Holdings Third Quarter 2022 Earnings: Beats Expectations

December 1, 2022 | markets.businessinsider.com

Here's what Wall Street expects from Seanergy Maritime's earnings report

December 1, 2022 | seekingalpha.com

Seanergy Maritime Holdings Corp. (SHIP) Q3 2022 Earnings Call Transcript

December 1, 2022 | americanbankingnews.com

Seanergy Maritime (NASDAQ:SHIP) Now Covered by StockNews.com

November 30, 2022 | finance.yahoo.com

Seanergy Maritime Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2022 and Declares Cash Dividend of $0.025 Per Share

November 30, 2022 | americanbankingnews.com

Seanergy Maritime (NASDAQ:SHIP) Coverage Initiated by Analysts at StockNews.com

November 29, 2022 | msn.com

IMO assesses safety of PH domestic passenger ships

November 27, 2022 | msn.com

VIDEO: Rescuers saved a Carnival Cruise ship passenger who fell overboard and was lost at sea for 15 hours

November 25, 2022 | finance.yahoo.com

Seanergy Sets Date for the Third Quarter and Nine Months Ended September 30, 2022 Financial Results, Conference Call and Webcast

November 24, 2022 | americanbankingnews.com

Seanergy Maritime (NASDAQ:SHIP) Earns Sell Rating from Analysts at StockNews.com

October 25, 2022 | finance.yahoo.com

Is Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Worth US$0.5 Based On Its Intrinsic Value?

October 13, 2022 | finance.yahoo.com

Seanergy Maritime Announces New Term Loan of $28 million to Refinance Existing Facility at Reduced Cost

October 10, 2022 | msn.com

Tristar’s 4th annual ‘Safety at Sea’ conference reinforces the well-being of seafarers

September 23, 2022 | seekingalpha.com

SHIP Seanergy Maritime Holdings Corp.

September 12, 2022 | finance.yahoo.com

Seanergy Maritime Holdings Corp. Prices $15 Million Offering

September 12, 2022 | msn.com

Danish ship collides with US Navy ship in Baltimore's Inner Harbor

September 12, 2022 | msn.com

Danish ship collides with U.S. Navy ship Sunday in Inner Harbor

September 1, 2022 | msn.com

Egypt: Another oil tanker briefly stuck in the Suez Canal

August 4, 2022 | finance.yahoo.com

Seanergy Maritime Reports Record Financial Results for the Second Quarter and Six Months Ended June 30, 2022 and Declares Dividend of $0.025 Per Share

August 1, 2022 | abcnews.go.com

EU court limits national checks for migrant rescue ships

July 28, 2022 | finance.yahoo.com

Seanergy Sets Date for the Second Quarter and Six Months Ended June 30, 2022 Financial Results, Conference Call and Webcast

July 7, 2022 | proactiveinvestors.com

US stock gains continue at noon as investors digest Fed minutes and fresh jobs data

July 7, 2022 | finance.yahoo.com

Seanergy Announces Delivery & Employment of Recent Capesize Acquisition and New Financings of $44 million

July 7, 2022 | benzinga.com

Why Is GameStop Surging By Around 10%? 22 Stocks Moving In Thursday's Pre-Market Session

July 6, 2022 | finance.yahoo.com

Seanergy Announces Completion of United Maritime Corporation Spin-Off

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SHIP Company Calendar

Last Earnings: 11/01/2021
Ex-Dividend for 10/11 Dividend: 9/22/2022
Dividend Payable: 10/11/2022
Today: 12/04/2022
Ex-Dividend for 1/30 Dividend: 12/27/2022
Fiscal Year End: 12/31/2022
Dividend Payable: 1/30/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NASDAQ:SHIP
CUSIP: N/A
CIK: 1448397
Web: www.seanergymaritime.com
Phone: 302130181507
Fax: 210-963-8404
Employees: 46
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $1.75
High Stock Price Forecast: $2.00
Low Stock Price Forecast: $1.50
Forecasted Upside/Downside: +238.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.20
Trailing P/E Ratio: 2.59
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $41.35 million
Net Margins: 24.41%
Pretax Margin: 30.06%
Return on Equity: 18.91%
Return on Assets: 9.05%

Debt

Debt-to-Equity Ratio: 0.82
Current Ratio: 0.45
Quick Ratio: 0.43

Sales & Book Value

Annual Sales: $153.11 million
Price / Sales: 0.52
Cash Flow: $0.52 per share
Price / Cash Flow: 0.99
Book Value: $1.60 per share
Price / Book: 0.32

Miscellaneous

Outstanding Shares: 153,140,000
Free Float: N/A
Market Cap: $79.19 million
Optionable: Not Optionable
Beta: 0.55

Key Executives

Mr. Stamatios Tsantanis (Age 50)
Chairman & CEO

Mr. Stavros Gyftakis (Age 43)
Chief Financial Officer

Mr. Stelios Psillakis
Technical Director

Ms. Theodora Mitropetrou
Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SHIP Stock - Frequently Asked Questions

Should I buy or sell Seanergy Maritime stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seanergy Maritime in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 2 analysts have issued 12-month price targets for Seanergy Maritime's shares. Their SHIP share price forecasts range from $1.50 to $2.00. On average, they predict the company's stock price to reach $1.75 in the next year. This suggests a possible upside of 238.4% 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 2022?: Seanergy Maritime's stock was trading at $0.9180 on January 1st, 2022. Since then, SHIP stock has decreased by 43.7% and is now trading at $0.5171.
View the best growth stocks for 2022 here.
How were Seanergy Maritime's earnings last quarter?: Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) issued its earnings results on Monday, November, 1st. The shipping company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The shipping company had revenue of $48.18 million for the quarter, compared to analysts' expectations of $45.44 million. Seanergy Maritime had a net margin of 24.41% and a trailing twelve-month return on equity of 18.91%. During the same quarter in the prior year, the business posted $0.04 EPS.
How often does Seanergy Maritime pay dividends? What is the dividend yield for Seanergy Maritime?: Seanergy Maritime declared a quarterly dividend on Friday, December 2nd. Investors of record on Wednesday, December 28th will be given a dividend of $0.025 per share on Monday, January 30th. This represents a $0.10 annualized dividend and a dividend yield of 19.34%. The ex-dividend date is Tuesday, December 27th.
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 19.34%. SHIP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SHIP.

When did Seanergy Maritime's stock split?: Seanergy Maritime's stock reverse split 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).
What is Seanergy Maritime's stock symbol?: Seanergy Maritime trades on the NASDAQ under the ticker symbol "SHIP."
Who are Seanergy Maritime's major shareholders?: Seanergy Maritime's stock is owned by many different retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (0.27%), State Street Corp (0.15%), Virtu Financial LLC (0.08%) and WMG Financial Advisors LLC (0.06%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Seanergy Maritime's stock price today?: One share of SHIP stock can currently be purchased for approximately $0.52.
How much money does Seanergy Maritime make?: Seanergy Maritime (NASDAQ:SHIP) has a market capitalization of $79.19 million and generates $153.11 million in revenue each year. The shipping company earns $41.35 million in net income (profit) each year or $0.20 on an earnings per share basis.
How can I contact Seanergy Maritime?: Seanergy Maritime's mailing address is 154 VOULIAGMENIS AVENUE GLYFADA, ATHENS J3, 16674. The official website for the company is www.seanergymaritime.com. The shipping company can be reached via phone at 302130181507, via email at seanergy@capitallink.com, or via fax at 210-963-8404.

This page (NASDAQ:SHIP) was last updated on 12/4/2022 by MarketBeat.com Staff

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