Sunday, June 26, 2022

Taking a Closer Look At Seanergy Maritime Holdings Corp. (SHIP) Following Its Recent Trade

PT values the company’s stock at a premium of 39.33 to its Tuesday closing price. A number of analysts have revised their coverage, including Maxim Group’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. Noble Capital Markets also remained covering SHIP and has increased its forecast on March 31, 2021 with a “an Outperform” recommendation from previously “Market perform” rating. Maxim Group revised its rating on July 08, 2020. It rated SHIP as “a Hold” which previously was an “a Buy”.


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Price Performance Review of SHIP

On Tuesday, Seanergy Maritime Holdings Corp. [NASDAQ:SHIP] saw its stock fall -6.63% to $0.91. On the same session, the stock had its day’s lowest price of $0.9036, but rose to a high of $0.99. Over the last five days, the stock has lost -6.28%. Seanergy Maritime Holdings Corp. shares have risen nearly 0.91% since the year began. Nevertheless, the stocks have fallen -23.41% over the past one year. While a 52-week high of $1.59 was reached on 03/10/22, a 52-week low of $0.77 was recorded on 01/24/22. SMA at 50 days reached $1.1035, while 200 days put it at $1.1115. A total of 6.06 million shares were traded, compared to the trading of 1.96 million shares in the previous session.

Levels Of Support And Resistance For SHIP Stock

The 24-hour chart illustrates a support level at 0.8777, which if violated will result in even more drops to 0.8474. On the upside, there is a resistance level at 0.9641. A further resistance level may holdings at 1.0202. The Relative Strength Index (RSI) on the 14-day chart is 31.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1111, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.60%. Stochastics %K at 5.45% indicates the stock is a buying.

How much short interest is there in Seanergy Maritime Holdings Corp.?

A steep rise in short interest was recorded in Seanergy Maritime Holdings Corp. stocks on Apr 28, 2022, dropping by -0.44 million shares to a total of 4.41 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 4.85 million shares. There was a decline of -9.98%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.51% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.39.

Seanergy Maritime Holdings Corp. [SHIP] – Who Are The Largest Shareholders?

At present, Diametric Capital LP is holding 194,664 shares valued at $0.22 million. Two Sigma Investments LP owned 175,318 shares of the company at the time of its most recent 13F filing, worth $0.2 million.

According to FactSet, Seanergy Maritime Holdings Corp.’s share price will average $1.72 in the next year, based on opinions of analysts polled by the firm. This is up nearly 54.64 percent from its previous closing price of $0.97. Analysts expect Seanergy Maritime Holdings Corp. stock to reach the higher price of $2.25, while the lowest price estimate is $1.40. However, 3 analysts have rated SHIP stock as a Buy in their predictions for 2022.

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