Recent significant negative changes in fundamentals have affected Seanergy Maritime Holdings Corp (NASDAQ: SHIP): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in Seanergy Maritime Holdings Corp (NASDAQ: SHIP) investment behavior have recently occurred: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
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, triggering the Highest Value Trend Rating.
Recent Price Action
On 8/5/24, Seanergy Maritime Holdings Corp (NASDAQ: SHIP) stock declined by -2.7%, closing at $8.77. Trading volume in this decline was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.6% during the last week.
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