Alert: Negative Investment/Fundamental Signals (12/2/24)-Seanergy Maritime Holdings Corp (NASDAQ: SHIP)

out_logo_500#65093.jpg

Extremely significant negative changes in Seanergy Maritime Holdings Corp (NASDAQ: SHIP) investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.

Recent important negative changes in fundamentals have affected Seanergy Maritime Holdings Corp (NASDAQ: SHIP): the stock’s power rating fell below 50, and the consensus estimate for December, 2025 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.

out_mm#65093.jpg

Current PriceTarget Research Rating

Seanergy Maritime Holdings has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Seanergy Maritime Holdings has a very high Appreciation Score of 95 but a neutral Power Rating of 44, resulting in the Positive Value Trend Rating.

Recent Price Action

On 12/2/24, Seanergy Maritime Holdings Corp (NASDAQ: SHIP) stock declined modestly by -1.7%, closing at $7.94. Moreover, this decline was accompanied by exceptionally high trading volume at 252% of normal. The stock has performed in line with the market over the last nine months and has declined -4.6% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.


*