Seanergy Maritime Holdings Corp. [SHIP] Is Still Undervalued at $0.46

Seanergy Maritime Holdings Corp. [SHIP] stock is down -2.56 while the S&P 500 has risen 0.01% on Tuesday, 12/01/20. While at the time of this article, SHIP ATR is sitting at 0.03, with the beta value at 0.79. This stock’s volatility for the past week remained at 5.41%, while it was 7.30% for the past 30-day period. SHIP has fallen -$0.01 from the previous closing price of $0.47 on volume of 3.25 million shares.

On 18, November 2020, Seanergy Maritime Holdings Corp. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020. According to news published on Yahoo Finance, Highlights of the Third Quarter of 2020:.

Analyst Birdseye View:

The most recent analyst activity for Seanergy Maritime Holdings Corp. [NASDAQ:SHIP] stock was on May 22, 2019, when it was Resumed with a Buy rating from Maxim Group, which also lowered its 12-month price target on the stock from $10 to $4. On May 13, 2019, Noble Capital Markets Downgrade a Market perform rating. On November 07, 2017, Maxim Group Reiterated a Buy rating and increased its price target from $2 to $3. On August 21, 2017, Maxim Group Initiated a Buy rating and increased its price target to $2.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.39 and a peak of $9.28. Right now, according to Wall Street analyst the average 12-month amount target is $6.00. At the most recent market close, shares of Seanergy Maritime Holdings Corp. [NASDAQ:SHIP] were valued at $0.46.

FUNDAMENTAL ANALYSIS

Seanergy Maritime Holdings Corp. [NASDAQ:SHIP] most recently reported quarterly sales of 19.65 billion, which represented growth of -17.90%. This publicly-traded organization’s revenue is $2,276,289 per employee, while its income is -$307,842 per employee. This company’s Gross Margin is currently 37.20%, its Operating Margin is 13.30%, its Pretax Margin is -13.46, and its Net Margin is -13.52. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -4.25, -45.73, 5.06 and -8.55 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 86.90 and the whole liability to whole assets at 70.11. It shows enduring liability to the whole principal at 5.41 and enduring liability to assets at 0.04 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 0.4606 points at 1st support level, the second support level is making up to 0.4487. But as of 1st resistance point, this stock is sitting at 0.4918 and at 0.5111 for 2nd resistance point.

Seanergy Maritime Holdings Corp. [SHIP] reported its earnings at $0.04 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.12/share signifying the difference of -0.08 and -66.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.65 calling estimates for -$0.54/share with the difference of -0.11 depicting the surprise of -20.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Seanergy Maritime Holdings Corp. [NASDAQ:SHIP] is 0.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.06. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.10, it’s amount to book ratio is 0.49 and showing 0.51 of P/E (TTM) ratio.