Seanergy Maritime Holdings Corp. (SHIP) Stock: Is This Service Stock Worth Your Time?

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Seanergy Maritime Holdings Corp. (SHIP) is working its way for to the top in the market today. The company, focused on the service sector, is presently trading at $4.19 after a move up of 6.35% so far today. When it comes to service sector stocks, there are several aspects that have the potential to lead to gains in the market. One of the most common is news. Here are the recent stories associated with SHIP:

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Mar-19-19 08:00AM Seanergy Maritime Holdings Corp. Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2018
Mar-18-19 08:10AM Seanergy Maritime Holdings Corp. Sets Date for the Fourth Quarter and Twelve Months Ended December 31, 2018 Financial Results, Conference Call and Webcast
Mar-13-19 01:07PM Dry Bulk and Container Sector Panel Discussions With Major Company Executives Capital Links 13th Annual International Shipping Forum Monday, April 1, 2019 in NYC
Jan-22-19 09:00AM Seanergy Maritime Holdings Corp. to present at NobleConXV
Dec-03-18 11:31AM Senior Executives of Shipping Companies to participate in Capital Links 12th Annual Global Shipping Markets Roundtable

Nonetheless, any time investors are making a decision to invest, investors should take a look at much more than news, especially in the ever complex service space. Here’s what’s happening with Seanergy Maritime Holdings Corp..

Recent Trends From SHIP

While a single session gain, like the move that we’re seeing from Seanergy Maritime Holdings Corp. may make some investors unhappy, that alone should not be the basis of a decision to, or not to, invest in a company. It’s generally a good idea to dig into trends experienced by the stock beyond a single trading day. As it relates to SHIP, here are the movements that we have seen:

  • Past 7 Days – Throughout the past five trading sessions, SHIP has generated a change in value amounting to -32.76%.
  • Monthly – The monthly performance from Seanergy Maritime Holdings Corp. works out to -47.23%.
  • Past Quarter – Throughout the last three months, the company has produced a return of -50.99%
  • Past Six Months – In the previous six months, we have seen a performance that works out to -68.42% from the company.
  • YTD – Since the close of last year SHIP has generated a ROI of -44.43%.
  • Annually – Lastly, over the last year, investors have seen performance that works out to -69.96% out of SHIP. In this period of time, the stock has sold at a high price of -74.37% and a low of 16.07%.

Key Ratios

Digging into various ratios associated with a company can give investors an understanding of how risky and/or potentially profitable a pick might be. Below are a few of the most important ratios to think about when digging into SHIP.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors believe that the value of the stock is going to gain. Throughout the sector, strong service stocks can come with a lower short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, with regard to Seanergy Maritime Holdings Corp., it’s short ratio comes to 8.04.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure If a company is able to cover its debts when they mature using current assets or quick assets. do have strong current and quick ratios. As it relates to SHIP, the quick and current ratios come to 0.70 and 0.90 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets that are owned by the company. In this particular case, the book to share value ratio comes in at 0.63.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of the company’s stock. As it relates to SHIP, the cash to share value comes to 0.11.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in SHIP, here’s what we’re seeing:

Institutions own 0.10% of the company. Institutional interest has moved by 18.03% over the past three months. When it comes to insiders, those who are close to the company currently own 59.60% percent of SHIP shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

How Analysts Feel About Seanergy Maritime Holdings Corp.

Although it’s rarely a smart idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their thoughts to validate your own before making investment decisions in the service sector. Below are the most recent moves that we’ve seen from analysts when it comes to SHIP.

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Nov-07-17 Reiterated Maxim Group Buy $2 → $3
Aug-21-17 Initiated Maxim Group Buy $2

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.22. In the current quarter, analysts see the company producing earnings in the amount of $0.04. Over the last 5 years, SHIP has generated revenue in the amount of $6.10% with earnings coming in at 74.50%. On a quarter over quarter basis, earnings have seen movement of -184.40% and revenue has seen movement of 39.70%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 39.28M shares of Seanergy Maritime Holdings Corp. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, SHIP has a float of 22.44M.

It’s also important to take a look at the short percentage of the float. After all, when a large portion of the float available for trading is shorted, the overall feeling among investors is that the equity is going to take a dive. As far as it relates to SHIP, the percentage of the float that is shorted is 0.57%. In general, high short percent of the float would be anything over 40%. Through my work, I’ve seen that any short percent of the float over 26% is generally a play that comes with hefty risk.

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