Empery Asset Management LP recently announced the acquisition of new stake in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP). This fresh investment now brings its stake to 0.51% valued currently at $0.51 million. In addition, Jane Street Capital LLC raised its holdings by 44312.0 to 44312.0 shares.
With over 5.97 million Seanergy Maritime Holdings Corp. (SHIP) shares trading Monday and a closing price of $0.48 on the day, the dollar volume was approximately $2.87 million. The shares have shown a positive weekly performance of 0.42% and its price on 08/31/20 lost nearly -0.17%. Currently, there are 64.58M common shares owned by the public and among those 59.49M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for SHIP have a consensus price objective of $5.40. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $4.80 should the stock experience a downside. Incidentally, analysts’ outlook for the Seanergy Maritime Holdings Corp. stock is 2.50 for the next 12 months. But an upside of 92.0% will see the stock hit the forecast high price target while mean target price for the stock is $5.40.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
Fidelity Nasdaq Composite Index F owns 400.0 shares of the company’s stock, all valued at over $608.0.
Shares of Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) opened at $0.4843, unchanged from a prior closing price of $0.48. However, the script later closed the day at $0.48, down -0.17%. The company’s stock has a 5-day price change of 0.42% and -75.84% over the past three months. SHIP shares are trading -94.52% year to date (YTD), with the 12-month market performance down to -95.13% lower. It has a 12-month low price of $0.46 and touched a high of $14.37 over the same period. Currently, 5.97 million shares have been traded, compared to an average intraday trading volume of 6.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -51.99%, -72.07%, and -88.29% respectively.
Institutional ownership of Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) shares accounts for 1.70% of the company’s 64.58M shares outstanding. Mutual fund holders own 0.00%, while other institutional holders and individual stakeholders account for 0.61% and — respectively.
It has a market capitalization of $30.93M and a beta (3y monthly) value of 0.79. The earnings-per-share (ttm) stands at -$13.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.87% over the week and 8.03% over the month.
Analysts forecast that Seanergy Maritime Holdings Corp. (SHIP) will achieve an EPS of $0.18 for the current quarter, $0.08 for the next quarter and -$0.39 for 2021. The lowest estimate earnings-per-share for the quarter is $0.14 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was $0.48 a year ago. Earnings per share for the fiscal year are expected to increase by 90.90%, and 133.30% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Seanergy Maritime Holdings Corp. (SHIP) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 2 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SHIP, a number of firms have released research notes about the stock. Maxim Group stated their Hold rating for the stock in a research note on July 08, 2020, with the firm’s price target at. Maxim Group coverage for the Seanergy Maritime Holdings Corp. (SHIP) stock in a research note released on May 22, 2019 offered a Buy rating with a price target of $4. Noble Capital Markets was of a view on May 13, 2019 that the stock is Market Perform, while Maxim Group gave the stock Buy rating on November 07, 2017, issuing a price target of $2- $3. Maxim Group on their part issued Buy rating on August 21, 2017.