On 1/18/24, Seanergy Maritime Holdings Corp (NASDAQ: SHIP) stock enjoyed a major increase of 10.2%, closing at $8.20. Moreover, trading volume in this advance was above average at 137% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 16.5% during the last week.
Current PriceTarget Research Rating
SHIP’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Seanergy Maritime Holdings has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Seanergy Maritime Holdings has a very high Power Rating of 97 and a very high Appreciation Score of 99, triggering the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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