For its second fiscal quarter (ending June 30), Seanergy Maritime Holdings Corp (NASDAQ: SHIP) has reported a 2167% increase in E.P.S. from $0.03 a year ago to $0.68 in the current quarter. This performance was $0.06 better than the consensus estimate of $0.62. E.P.S. were $1.45 for the latest four quarters through June 30 versus $0.20 for the same period a year ago — an increase of 625%.
Recent Price Action
Seanergy Maritime Holdings Corp (NASDAQ: SHIP) stock enjoyed a major increase of 13.9% on 8/6/24. The shares closed at $9.99. Moreover, this advance was accompanied by exceptionally high trading volume at 384% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 7.4% during the last week.
Current PriceTarget Research Rating
SHIP is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Seanergy Maritime Holdings has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Seanergy Maritime Holdings has a very high Appreciation Score of 94 and a very high Power Rating of 98, leading to the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and very positive price change we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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