SHIP Stock Summary and Trading Ideas (Seanergy Maritime Hldgs | NASDAQ:SHIP)

Seanergy Maritime Holdings Corp is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It generates a majority of its revenue from the vessels. The company fleet of vessels includes Fellowship, Championship, Partnership, Knightship, Lordship, Gloriuship, Leadership, Geniuship, Premiership, and Squireship among others.

Seanergy Maritime Hldgs trades on the NASDAQ stock market under the symbol SHIP.

As of January 3, 2025, SHIP stock price declined to $6.87 with 176,458 million shares trading.

SHIP has a beta of 0.92, meaning it tends to be less sensitive to market movements. SHIP has a correlation of 0.06 to the broad based SPY ETF.

SHIP has a market cap of $140.76 million. This is considered a Micro Cap stock.

Last quarter Seanergy Maritime Hldgs reported $44 million in Revenue and $.69 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.06.

In the last 3 years, SHIP traded as high as $13.50 and as low as $4.03.

The top ETF exchange traded funds that SHIP belongs to (by Net Assets): PRFZ, SPEM, EWX.

SHIP has underperformed the market in the last year with a return of +1.7%, while the SPY ETF gained +27.8%. In the last 3 month period, SHIP fell short of the market, returning -40.5%, while SPY returned +4.6%. However, in the most recent 2 weeks SHIP has outperformed the stock market by returning +2.6%, while SPY returned +0.1%.

SHIP support price is $6.88 and resistance is $7.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHIP shares will trade within this expected range on the day.