Seanergy Maritime (SHIP) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $6.85 to $7.09
• 50-Day Range: $6.88 to $10.65
• 52-Week Range: $6.85 to $13.19
• Volume: 205,141 shs
• Average Volume: 255,588 shs
• Market Capitalization: $143.86 million
• P/E Ratio: 2.97
• Dividend Yield: 14.96%
• Price Target: $12.50
• Consensus Rating: Strong Buy

Seanergy Maritime Stock Analysis - MarketRank™

Seanergy Maritime scored higher than 81% of companies evaluated by MarketBeat, and ranked 40th out of 130 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Seanergy Maritime has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Seanergy Maritime has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -27.14%

Earnings Growth

Earnings for Seanergy Maritime are expected to decrease by -27.14% in the coming year, from $2.10 to $1.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Seanergy Maritime is 2.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Seanergy Maritime is 2.97, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.81.

Price to Book Value per Share Ratio

Seanergy Maritime has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.76% 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 0.8, 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 2.44%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Seanergy Maritime is a leading dividend payer. It pays a dividend yield of 14.41%, 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 44.44%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Seanergy Maritime will have a dividend payout ratio of 67.97% next year. This indicates that Seanergy Maritime will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.76% 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 0.8, 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 2.44%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: N/A

News Sentiment

Seanergy Maritime has a news sentiment score of 0.36. 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 lower news sentiment than the 0.65 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Seanergy Maritime this week, compared to 2 articles on an average week.

Search Interest

12 people have searched for SHIP on MarketBeat in the last 30 days. This is an increase of 140% compared to the previous 30 days.

MarketBeat Follows

6 people have added Seanergy Maritime to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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.

SHIP Stock Analysis - Frequently Asked Questions

How have SHIP shares performed this year?

Seanergy Maritime's stock was trading at $7.83 at the start of the year. Since then, SHIP stock has decreased by 11.2% and is now trading at $6.95.
View the best growth stocks for 2024 here.

How were Seanergy Maritime's earnings last quarter?

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) released its earnings results on Tuesday, November, 5th. The shipping company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.07. The shipping company had revenue of $44.36 million for the quarter, compared to analysts' expectations of $42.10 million. Seanergy Maritime had a trailing twelve-month return on equity of 19.01% and a net margin of 28.37%.

When did Seanergy Maritime's stock split?

Shares of Seanergy Maritime reverse split on the morning of 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.

Who are Seanergy Maritime's major shareholders?

Top institutional investors of Seanergy Maritime include Walleye Capital LLC (2.32%), Navellier & Associates Inc. (0.71%), XTX Topco Ltd (0.19%) and MML Investors Services LLC (0.15%).

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.

What other stocks do shareholders of Seanergy Maritime own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Seanergy Maritime investors own include Energy Transfer (ET), Ford Motor (F), Advanced Micro Devices (AMD), NVIDIA (NVDA), Top Ships (TOPS) and Intel (INTC).

Company Calendar

• Ex-Dividend for 10/10 Dividend: 9/27/2024
• Dividend Payable: 10/10/2024
• Last Earnings: 11/05/2024
• Today: 12/21/2024
• Ex-Dividend for 1/10 Dividend: 12/27/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/10/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:SHIP
• CUSIP: N/A
• CIK: 1448397
• Web: www.seanergymaritime.com
• Phone: 302130181507
• Fax: 210-963-8404
• Employees: 50
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.50
• High Stock Price Target: $13.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +79.9%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.34
• Trailing P/E Ratio: 2.97
• Forward P/E Ratio: 3.31
• P/E Growth: N/A
• Net Income: $2.28 million
• Net Margins: 28.37%
• Pretax Margin: 28.85%
• Return on Equity: 19.01%
• Return on Assets: 9.30%

Debt

• Debt-to-Equity Ratio: 0.72
• Current Ratio: 1.99
• Quick Ratio: 0.52

Sales & Book Value

• Annual Sales: $165.21 million
• Price / Sales: 0.87
• Cash Flow: $1.61 per share
• Price / Cash Flow: 4.31
• Book Value: $11.63 per share
• Price / Book: 0.60

Miscellaneous

• Outstanding Shares: 20,699,000
• Free Float: 19,726,000
• Market Cap: $143.86 million
• Optionable: Optionable
• Beta: 0.64