SHIP - Seanergy Maritime Holdings Corp.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
0.1408
+0.0008 (+0.57%)
At close: 4:00PM EDT
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Continuation Diamond (Bearish)

Continuation Diamond (Bearish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.1400
Open0.1399
Bid0.1401 x 1200
Ask0.1408 x 800
Day's Range0.1385 - 0.1448
52 Week Range0.1200 - 1.1700
Volume35,105,692
Avg. Volume36,966,204
Market Cap36.934M
Beta (5Y Monthly)1.25
PE Ratio (TTM)N/A
EPS (TTM)-0.7630
Earnings DateJun 12, 2020 - Jun 16, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJul 07, 2008
1y Target Est0.77
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
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  • Can Seanergy Maritime Stock Add 150% Over the Next Year? This Analyst Says ‘Yes’
    SmarterAnalyst

    Can Seanergy Maritime Stock Add 150% Over the Next Year? This Analyst Says ‘Yes’

    Over the past 5 years, with significant shareholder dilution along the way, Seanergy Maritime (SHIP) stock has declined by an incredible 99.70%.As investment sage, Warren Buffet famously said, the time to pick up undervalued companies is while there’s blood in the street, but is an investment in SHIP worth the risk?It is, according to Maxim analyst Tate Sullivan. Sullivan reiterated a Buy rating on Seanergy shares, although reduced the price target from $0.50 to $0.40, due to the company’s increase in shares outstanding following equity raises in the first quarter. Nonetheless, upside from current levels is a massive 150%. (To watch Sullivan’s track record, click here)To boost its balance sheet, in Q1, Seanergy raised equity through four public offerings, all in all raising roughly $25 million. Sullivan believes the equity raises will be put to good use.“We believe most companies, including SHIP, demonstrated ongoing access to capital during the spread of COVID-19. We expect SHIP will use proceeds from this quarter's equity offerings to reduce debt, and as a result improve the company's ability to extend debt maturities,” the analyst said.Through a fleet of 10 Capesize vessels, Seanergy provides marine dry bulk transportation services and is the only pure-play Capesize ship-owner publicly listed in the US. The industry has taken a hit since the pandemic’s onset, but following a COVID-19 related near standstill at certain locations, factory and port activity in China increased dramatically in April, the result of which, the BCI (the Baltic Capesize Index) increased by over 370%. Sullivan believes that based on more iron ore exports from Brazil to China, the BCI will continue to rebound in 2020.Alas, the renewed activity and the index’s rise have resulted in an increase to Sullivan’s 2020 and 2021 estimates for SHIP. The analyst increased 2020 EBITDA from $24.6 million to $25.3 million and 2021’s estimates to $45 million (from $44.6 million).Looking at the consensus breakdown, only one other analyst has thrown an opinion into the mix. However, the rating was also bullish, making the Street consensus a Moderate Buy. With the average price target coming in at $0.77, the possible upside is a monumental 484%.To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. More recent articles from Smarter Analyst: * Ubisoft Sues Google, Apple For Game Copyright Infringement * Microsoft, UnitedHealth Launch Back-to-Work Covid-19 Screening App * Microsoft Buys Metaswitch For Cloud-Based Telecoms Move, 5G Expansion * Tesla Gets County Nod to Reopen California Auto Plant - Report

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces the Results of its Successful Recent Capital Raising Transactions

    Through this capital markets activity, the Company has raised approximately $30 million in gross proceeds. Based on this positive outcome, it is SHIP’s intention to pause its capital markets participation for the near term, although the Company will continue to monitor market activity in the future.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces Pricing of Additional $5.2 Million Offering

    Seanergy Maritime Holdings Corp. (the “Company”) (SHIP) announced today that due to institutional interest, it has entered into a securities purchase agreement with certain unaffiliated institutional investors to purchase approximately $5.2 million of its common shares (the “Common Shares”) in a registered direct offering and warrants to purchase Common Shares in a concurrent private placement. Under the terms of the securities purchase agreement, the Company has agreed to sell 43,350,000 Common Shares.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces Pricing of Approximately $5.2 Million Offering

    Seanergy Maritime Holdings Corp. (the “Company”) (SHIP) announced today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to purchase approximately $5.2 million of its common shares (the “Common Shares”) in a registered direct offering and warrants to purchase Common Shares in a concurrent private placement. Under the terms of the securities purchase agreement, the Company has agreed to sell 42,950,000 Common Shares.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces New Time Charter Agreement with Glencore for an Additional Capesize Vessel

    Seanergy Maritime Holdings Corp. (the “Company”) (SHIP) announced today that it has entered into a time charter agreement (“T/C”) with Glencore for an additional Capesize vessel. Furthermore, another Capesize vessel of the Company is extending its current time charter contract. The M/V Knightship will be the third of the Company’s vessels time-chartered by ST Shipping and Transport Pte. Ltd., a fully owned subsidiary of Glencore plc, a leading multinational commodity trading and mining company.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces Extension of Nasdaq Minimum Bid Price Compliance Period

    Seanergy Maritime Holdings Corp. (the “Company”) (SHIP) announced today that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated April 17, 2020, granting an extension to the grace period for regaining compliance with the minimum $1.00 per share bid price requirement from July 13, 2020 to September 25, 2020. The above extension was granted as part of Nasdaq’s determination to toll the compliance periods for all public companies, not meeting the continued listing requirements, such as the bid price requirement, due to the extraordinary market conditions and unprecedented turmoil in U.S financial markets. The Company intends to monitor the closing bid price of its common stock between now and September 25, 2020 and is considering its options, in order to regain compliance with the Nasdaq bid price requirement.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces Pricing of Approximately $6.1 Million Offering

    Seanergy Maritime Holdings Corp. (the “Company”) (SHIP) announced today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to purchase approximately $6.1 million of its common shares (the “Common Shares”) in a registered direct offering and warrants to purchase Common Shares in a concurrent private placement. Under the terms of the securities purchase agreement, the Company has agreed to sell 50,750,000 Common Shares.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces Full Exercise and Closing of Over-Allotment Option

    Seanergy Maritime Holdings Corp. (the “Company”) (SHIP) announced today that the underwriters exercised in full their over-allotment option to purchase an additional 5,293,500 units at a price of $0.17 per unit in connection with the public offering previously announced on March 31, 2020. With the full exercise of the over-allotment option, the Company received in connection with such public offering total gross proceeds of approximately $6.9 million. The closing of the over-allotment was successfully completed today concurrently with the closing of the registered direct offering of 50 million common shares announced on April 9, 2020 pursuant to which the Company received approximately $6.8 million in gross proceeds.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces Pricing of Approximately $6.8 Million Offering

    Seanergy Maritime Holdings Corp. (the “Company”) (SHIP) announced today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to purchase approximately $6.8 million of its common shares (the “Common Shares”) in a registered direct offering and warrants to purchase Common Shares in a concurrent private placement. Under the terms of the securities purchase agreement, the Company has agreed to sell 50,000,000 Common Shares.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces Pricing of Upsized $6.0 Million Underwritten Public Offering

    Each unit consists of one common share (or pre-funded warrant in lieu of one common share) and one Class D warrant to purchase one common share, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before underwriting discounts and commissions as well as estimated offering expenses, are expected to be approximately $6.0 million. The Company intends to use the net proceeds of the offering for general corporate purposes.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces Participation at the Digital 14th Annual Capital Link International Shipping Forum

    Seanergy Maritime Holdings Corp. (the “Company”) (SHIP) announced today that Mr. Stamatis Tsantanis, Chairman & CEO of the Company will present at the 14th Annual Capital Link International Shipping Forum-Digital Conference on Tuesday, March 31, 2020 at 9.10 am EST. Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. The Company is incorporated in the Marshall Islands and has executive offices in Athens, Greece and an office in Hong Kong.

  • Reuters

    Baltic index inches higher on rising capesize demand

    The Baltic Exchange's main sea freight index inched up on Thursday, as stronger demand for capesize vessels offset a fall in panamax and supramax vessel rates. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, was up by a point, or 0.2%, at 630.

  • Reuters

    Baltic index hits 1-week low on sluggish panamax demand

    The Baltic Exchange's main sea freight index fell to a one-week low on Monday, hurt by weaker rates for panamax vessels, which outweighed an uptick in demand for the capesize and supramax segments. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 8 points, or 1.3%, to 623, marking its biggest daily fall since Feb. 7 and its lowest level since March 9.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces Availability of its 2019 Annual Report on Form 20-F

    Seanergy Maritime Holdings Corp. (the “Company”) (SHIP) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2019 (the “Annual Report on Form 20-F”) has been filed with U.S. Securities and Exchange Commission. The Annual Report on Form 20-F may also be accessed through the Company’s website, www.seanergymaritime.com, at the Investor Relations section under Financial Reports. Shareholders may also request a hard copy of the Annual Report on Form 20-F, free of charge, by contacting the Company’s Investor Relations, Capital Link, using the contact details provided at the end of this press release.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Announces Commitment Letters for the Refinancing of $30.6 Million

    Seanergy Maritime Holdings Corp. (the “Company”) (SHIP) announced today that the Company received approval, in form of commitment letters, from one of its existing lenders to extend the maturity of two loan facilities. The loan facilities are secured by the M/V Leadership and M/V Squireship and their respective maturities are extended from March 17, 2020 and November 10, 2021 to December 31, 2022. The underlying terms remain substantially the same, while the commitment letters provide, amongst others, that certain financial covenants and restrictions on dividend payments binding the Company would no longer apply.

  • Thomson Reuters StreetEvents

    Edited Transcript of SHIP earnings conference call or presentation 13-Feb-20 4:00pm GMT

    Q4 2019 Seanergy Maritime Holdings Corp Earnings Call

  • Reuters

    Baltic index posts second weekly gain, but shipping activity slows

    The Baltic Exchange's main sea freight index rose for a fifth straight session on Friday, ending higher for a second straight week, as vessel rates rose despite concerns over the impact of coronavirus on global growth. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 17 points, or 3.5%, to 497.

  • GlobeNewswire

    C-Suite Executives from Leading Dry Bulk and Tanker Companies on Navigating Through the Perfect Storm Webinar

    NEW YORK, Feb. 20, 2020 -- Capital Link will host a complimentary webinar to discuss about IMO 2020, the Coronavirus and the extended Chinese New Year that caused an adverse.

  • Baltic index gains for fifth straight session
    Reuters

    Baltic index gains for fifth straight session

    * The supramax index rose 16 points to 505.

  • Reuters

    Baltic index jumps to 2-week high, capesizes stay in negative zone

    The Baltic Exchange's main sea freight index rose to a two-week high on Tuesday, as higher rates for panamax and supramax vessels more than offset the capesize segment lingering in the negative zone. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 16 points, or 3.7%, to 450, registering its biggest one-day percentage gain since late November.

  • Reuters

    Baltic index ekes out first weekly gain in 10 amid virus outbreak

    The Baltic Exchange's main sea freight index inched up on Friday and registered its first weekly gain in ten weeks as firm panamax vessel rates outweighed losses in the coronavirus-hit capesize segment. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, edged up 4 points, or 1.0%, to 425. * "The dry bulk market is heavily dependent on China and their mills and factories are not still working in full capacity," said Greece-based EastGate Shipbrokers, adding demand for raw materials such as iron ore and coal has been impacted as a result.

  • GlobeNewswire

    Seanergy Maritime Holdings Corp. Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2019

    Highlights of the Fourth Quarter of 2019: Net revenues: $27.8 million in Q4 2019, compared to $27.0 million in Q4 2018Net Income: $3.1 million in Q4 2019, as compared to a net.

  • How Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Can Impact Your Portfolio Volatility
    Simply Wall St.

    How Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Can Impact Your Portfolio Volatility

    If you're interested in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), then you might want to consider its beta (a...

  • Baltic index edges up, but outlook dim as virus hits shipments
    Reuters

    Baltic index edges up, but outlook dim as virus hits shipments

    The Baltic Exchange's main sea freight index inched higher on Wednesday, helped by an uptick in rates for panamax vessels, but sentiment remained negative as the coronavirus outbreak disrupted vessel shipments. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, was up 3 points, or 0.7%, at 421. * Global ship deliveries have been hit as yards in China struggle to get fully back to work as a result of the coronavirus outbreak, with one shipbuilder saying it could not deliver two vessels.

  • Reuters

    Baltic index near 4-year low as virus mutes shipping activity

    The Baltic Exchange's main sea freight index edged up from a near four-year low on Tuesday, while the larger capesize segment remained in negative territory, as the coronavirus outbreak in China crippled demand. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 7 points, or 1.7%, to 418. * Demand has already been hit strongly in China, which accounts for almost 40% of total dry seaborne imports, Charles Chasty, research analyst at Affinity Shipping, told the Reuters Global Markets Forum.