Today’s Featured Stock
Valued at $372 million, Seanergy Maritime (SHIP) is a prominent pure-play Capesize ship-owner which provides marine dry bulk transportation services through a modern fleet of Capesize vessels.
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals and superior current momentum. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. SHIP checks those boxes. The Trend Seeker issued a new “Buy” signal on July 24. Since then, the stock has gained 9.83%.
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www.barchart.comBarchart’s Technical Indicators for Seanergy Maritime
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Seanergy Maritime scored a 5-year high of $18.48 on Aug. 3.
Seanergy Maritime has a Weighted Alpha of 122.9. SHIP has a 100% “Buy” opinion from Barchart. The stock has gained 126.95% over the past 52 weeks. Seanergy Maritime has its Trend Seeker “Buy” signal intact. The stock recently traded at $17.82 with a 50-day moving average of $15.69. SHIP had 6 new highs and gained 9.83% in the last month. 60-month beta of 0.92. Relative Strength Index (RSI) is at 61.49. There’s a technical support level around $17.47.Don’t Forget the Fundamentals
$372 million market capitalization. 5.79x trailing price-earnings ratio. 4.6% dividend yield. Revenue is projected to grow 27.13% this year but shrink 3.24% next year. Earnings are estimated to increase 178.91% this year but decrease by 28.85% next year.Analyst and Investor Sentiment on Seanergy Maritime
The Wall Street analysts followed by Barchart give the stock 5 “Strong Buy” and 1 “Hold” opinion with price targets between $16 and $28. Value Line rates the stock “Above Average.” Morningstar thinks the stock is 17% overvalued with a fair value of $14.92. CFRA’s MarketScope rates the stock as “Strong Buy.” 15.040 investors are following the stock on Seeking Alpha, which rates it a “Strong Buy.” TipRanks’ analysts’ consensus price target is $25 for a 40.29% gain. Short interest is 1.43% of the float with 1.20 days to cover the float.The Bottom Line on Seanergy Maritime
With a dividend yield equal to the 10-year Treasury plus the opportunity for price appreciation, this seems like a pretty safe bet.
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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