Seanergy Maritime Hldgs Stock (NASDAQ: SHIP)

Seanergy Maritime Hldgs (NASDAQ:SHIP) Stock

Seanergy Maritime Hldgs

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.

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Top 3 Industrials Stocks Which Could Rescue Your Portfolio This Quarter

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It&#39;s a complex time for the global shipping industry. On one hand, demand for products across multiple categories continues to spike, and a recent report has suggested the industry will grow at a CAGR of nearly 5% for

Top Shipping Firms Driving Industry-Leading Revenue Growth

Seanergy Maritime Holdings Corp. - Common Stock

Seanergy Maritime Holdings Corp

SHIP HEALTHCARE ORD by Ship Healthcare Holdings Inc

Ship Healthcare Holdings Co Ltd

Maxim Group analyst Tate Sullivan maintains Seanergy Maritime Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) with a Buy and lowers the price target from $17 to $11.

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Analyst Ratings

Maxim Group Maintains Buy on Seanergy Maritime Hldgs, Lowers Price Target to $11

Seanergy Maritime Acquires 2 Japanese Ships For Total Cost Of ~$69M

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Seanergy Maritime Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>)</h3>
<ul>
<li>On Nov. 5, Seanergy Maritime posted weaker-than-expected quarterly results. The company has a <a href="https://www.benzinga.com/quote/SHIP">52-week low of $6.55</a>.</li>
<li>RSI Value: 22.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>SHIP Price Action: Shares of Seanergy Maritime fell 3.4% to close at $6.62 on Monday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1">SHIP news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075424/image-28.png" alt="" class="wp-image-721731" style="width:669px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075424/image-28.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075424/image-28-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075424/image-28-768x699.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">Euroseas Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>)&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Nov. 20, Euroseas posted upbeat quarterly results. Aristides Pittas, Chairman and CEO of Euroseas commented: &#8220;During the third quarter of 2024, the containership markets remained around the levels reached during the first half of the year although chartering activity slowed down. However, in October and through mid-November 2024, the market has strengthened and charterers&#8217; interest in concluding charters, many of them with forward fixings, increased." The company's stock fell around 6% over the past month and <a href="https://www.benzinga.com/quote/ESEA">has a 52-week low</a> of $31.14.</li>
<li>RSI Value: 29.3</li>
<li>ESEA Price Action: Shares of Euroseas fell 2.2% to close at $35.19 on Monday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1">ESEA stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075553/image-29.png" alt="" class="wp-image-721736" style="width:596px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075553/image-29.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075553/image-29-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075553/image-29-768x705.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<h3 class="wp-block-heading">Graphjet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTI#NASDAQ">GTI</a>)</h3>
<ul>
<li>On Dec. 5, Graphjet Technology named Liu Yu Chief Operating Officer and Chief Scientific Officer. The company's shares lost around 67% over the past month. The company's 52-week low is $0.18.</li>
<li>RSI Value: 21.7</li>
<li>GTI Price Action: Shares of Graphjet Technology fell 23.6% to close at $0.68 on Monday.</li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1">GTI earnings reports.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="887" height="416" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075633/image-30.png" alt="" class="wp-image-721738" style="width:625px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075633/image-30.png 887w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075633/image-30-300x141.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07075633/image-30-768x360.png 768w" sizes="(max-width: 887px) 100vw, 887px" /></a></figure>
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<h3>Gainers</h3>
<ul>
<li>SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) stock increased by 20.6% to $2.29 during Friday's pre-market session. The company's market cap stands at $819.2 million. </li>
<li>Satellogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATL#NASDAQ">SATL</a>) shares increased by 16.39% to $3.55. The market value of their outstanding shares is at $340.0 million. </li>
<li>Stem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) stock moved upwards by 16.05% to $0.9. The company's market cap stands at $146.4 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) stock increased by 13.88% to $1.23. The company's market cap stands at $19.9 million. </li>
<li>Seanergy Maritime Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) shares increased by 9.23% to $7.69. The company's market cap stands at $157.5 million. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) stock rose 8.5% to $2.5. The market value of their outstanding shares is at $379.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) stock fell 13.4% to $0.5 during Friday's pre-market session. The market value of their outstanding shares is at $7.8 million. </li>
<li>Ideal Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPWR#NASDAQ">IPWR</a>) stock decreased by 12.12% to $6.82. The market value of their outstanding shares is at $55.5 million. </li>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) stock declined by 8.51% to $0.34. The company's market cap stands at $20.1 million. </li>
<li>Clean Energy Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>) stock decreased by 7.72% to $0.52. The market value of their outstanding shares is at $23.4 million. </li>
<li>ConnectM Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) shares fell 7.21% to $1.16. The company's market cap stands at $24.6 million. </li>
<li>Asia Pacific Wire &amp; Cable (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APWC#NASDAQ">APWC</a>) stock declined by 7.15% to $1.3. The market value of their outstanding shares is at $26.8 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Seanergy Maritime Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) reported quarterly earnings of $0.69 per share which missed the analyst consensus estimate of $0.75 by 8 percent. The company reported quarterly sales of $44.356 million which missed the analyst consensus estimate of $45.842 million by 3.24 percent. This is a 81.40 percent increase over sales of $24.452 million the same period last year.

Earnings

Earnings Misses

Seanergy Maritime Hldgs Q3 2024 Adj. EPS $0.69 Misses $0.75 Estimate, Sales $44.356M Miss $45.842M Estimate

Seanergy Maritime Holdings Corp. ("Seanergy" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) today issued the following statement regarding the decision by the High Court of the Republic of the Marshall Islands dismissing the litigation brought by Economou through his entity Sphinx Investment Corp., and with it Sphinx's motion for a temporary restraining order which sought to delay the Company's 2024 Annual Meeting&nbsp;of Shareholders (the "2024 Annual Meeting").

Legal

Seanergy Maritime Issues Statement Regarding The Decision By The High Court Of The Republic Of The Marshall Islands Dismissing The Litigation Brought By Economou Through His Entity Sphinx Investment Corp; Board Strongly Recommends That Shareholders Vote On The White Proxy Card "FOR" Seanergy's Nominees And "AGAINST" Economou's Proposals

<h3>Gainers</h3>
<ul>
<li>Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) stock moved upwards by 14.0% to $15.75 during Thursday's after-market session. The market value of their outstanding shares is at $408.8 million. </li>
<li>Safe Pro Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPAI#NASDAQ">SPAI</a>) stock increased by 8.06% to $2.66. The market value of their outstanding shares is at $36.3 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares increased by 6.48% to $0.44. The company's market cap stands at $7.0 million. </li>
<li>FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) stock rose 4.99% to $0.48. The market value of their outstanding shares is at $60.5 million. </li>
<li>Wheels Up Experience (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>) shares increased by 4.36% to $2.15. The company's market cap stands at $1.4 billion. </li>
<li>Seanergy Maritime Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) shares increased by 4.2% to $11.16. The company's market cap stands at $230.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Galaxy Payroll Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXG#NASDAQ">GLXG</a>) shares fell 6.7% to $9.61 during Thursday's after-market session. The company's market cap stands at $170.5 million. </li>
<li>New Horizon Aircraft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) shares fell 5.17% to $0.29. The company's market cap stands at $6.9 million. As per the press release, Q1 earnings came out today. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) stock decreased by 5.1% to $0.6. The company's market cap stands at $15.3 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) shares decreased by 4.74% to $0.8. The company's market cap stands at $15.8 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) shares declined by 4.63% to $1.03. The market value of their outstanding shares is at $2.0 million. </li>
<li>noco-noco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) shares declined by 3.6% to $0.11. The company's market cap stands at $19.9 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock&#39;s price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let&#39;s see what these Wall Street heavyweights think about Seanergy Maritime Holdings Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ship#NASDAQ">SHIP</a>).
Seanergy Maritime Holdings currently has an average brokerage recommendation&nbsp;of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by three brokerage firms. An ABR of 1.00 indicates Strong Buy.
Of the three recommendations that derive the current ABR, three are Strong Buy, representing 100% of all recommendations.
<h2>Brokerage Recommendation Trends for SHIP</h2>
<img alt="Broker Rating Breakdown Chart for SHIP" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/SHIP_10082024.png" style="width:100%" title="" /> 
The ABR suggests buying Seanergy Maritime Holdings, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every &quot;Strong Sell&quot; recommendation, brokerage firms assign five &quot;Strong Buy&quot; recommendations.
In other words, their interests aren&#39;t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock&#39;s price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock&#39;s price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
<h2>ABR Should Not Be Confused With Zacks Rank</h2>
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers&#39; vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company&#39;s changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
<h2>Should You Invest in SHIP?</h2>
In terms of earnings estimate revisions for Seanergy Maritime Holdings, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $2.38.
Analysts&#39; steady views regarding the company&#39;s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Seanergy Maritime Holdings.
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Seanergy Maritime Holdings.
<a href="https://www.zacks.com/stock/news/2347428/wall-street-analysts-see-seanergy-maritime-holdings-ship-as-a-buy-should-you-invest?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2347428">To read this article on Zacks.com click here.</a>

Small Cap

Markets

Wall Street Analysts See Seanergy Maritime Holdings as a Buy: Should You Invest?

Highlights Seanergy's Value Creating Strategy &nbsp;
Underscores Strength of Highly Qualified Seanergy Board of Directors Overseeing Strategy
Encourages Shareholders to Vote the WHITE Proxy Card "FOR" Seanergy's Director Nominees and "AGAINST" Economou's Proposals
ATHENS, Greece, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. ("Seanergy" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) today announced that it has mailed a letter from Stamatis Tsantanis, Seanergy's Chairman and Chief Executive Officer, to shareholders in connection with the Company's upcoming 2024 Annual Meeting of Shareholders.
The letter highlights the Company's:
<ul>
<li>Transformation over the last four years into a prominent pure-play Capesize shipping company with attractive competitive positioning and an improved balance sheet, poised to capitalize on tailwinds in the Capesize market; &nbsp;</li>
<li>Comprehensive strategic plan that has enabled Seanergy to grow its business, deliver record financial results and increase returns to shareholders; and 
<ul>
<li>Highly qualified directors who each brings a deep understanding of the industry. Their continued oversight is critical for us to build on our momentum and execute our strategic plans.</li>
</ul>
</li>
</ul>

Management

Seanergy Maritime Mails CEO Letter To Shareholders; Highlights Seanergy's Value Creating Strategy; Underscores Strength Of Highly Qualified Seanergy Board Of Directors Overseeing Strategy

Seanergy Maritime Holdings Corp. ("Seanergy" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) today announced that it has commenced mailing of proxy materials to its shareholders in connection with the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"), scheduled to be held on November 4, 2024. Shareholders of record as of the close of business on September 19, 2024, will be entitled to vote at the meeting.
The Company also mailed a letter to Seanergy shareholders highlighting the commitment of the Board of Directors and management team to delivering value for all Seanergy shareholders and how the Company's continued execution of its strategic plan has it positioned to continue delivering leading and sustainable shareholder returns through the cycle.
George Economou – a shipowner and a competitor of Seanergy – has acquired a stake in Seanergy. He has brought litigation and launched a proxy fight against Seanergy seeking to gain effective control over the Company's Board and its corporate strategy by replacing two of the Company's directors with his own closely-associated nominees and calling for the resignations of the rest of Seanergy's Board members. In turn, this would allow Economou's nominees to fill those vacancies, such that the entire Board would be constituted with the nominees of a single shareholder. Based on his extensive track record of destroying shareholder value across multiple publicly listed companies, Economou's blatant attempt to seize effective control over the Company by replacing the entire Board with his own nominees and their appointees would be detrimental to Seanergy's ability to continue to deliver outperformance and would negatively impact shareholder value.
The Board of Directors unanimously recommends that shareholders vote on the WHITE proxy card "FOR" Seanergy's nominees and "AGAINST" the Economou proposals.

Seanergy Maritime Mails Letter To Shareholders Highlighting Its Commitment To Delivering Value; Recommends Shareholders Vote The White Proxy Card "For" Seanergy's Director Nominees And "Against" Economou's Proposals

WIIM

Seaenergy Martime shares are trading higher after the company reported better-than-expected Q2 financial results.

Guidance

Seaenergy Maritime Holdings Says In Q3 It Expected Operating Days Have Been Fixed At An Estimated TCE Rate Of ~$27,243

Seanergy Maritime Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.59 by 30.51 percent. The company reported quarterly sales of $43.100 million which beat the analyst consensus estimate of $41.059 million by 4.97 percent. This is a 52.15 percent increase over sales of $28.328 million the same period last year.

Earnings Beats

Seanergy Maritime Hldgs Q2 2024 Adj. EPS $0.77 Beats $0.59 Estimate, Sales $43.100M Beat $41.059M Estimate

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock&#39;s price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let&#39;s see what these Wall Street heavyweights think about Seanergy Maritime Holdings Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ship#NASDAQ">SHIP</a>).
Seanergy Maritime Holdings currently has an average brokerage recommendation&nbsp;of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by three brokerage firms. An ABR of 1.00 indicates Strong Buy.
Of the three recommendations that derive the current ABR, three are Strong Buy, representing 100% of all recommendations.
Brokerage Recommendation Trends for SHIP
<img alt="Broker Rating Breakdown Chart for SHIP" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/SHIP_07302024.png" style="width:100%" title="" /> 
While the ABR calls for buying Seanergy Maritime Holdings, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every &quot;Strong Sell&quot; recommendation, brokerage firms assign five &quot;Strong Buy&quot; recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock&#39;s future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock&#39;s price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers&#39; vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is SHIP Worth Investing In?
Looking at the earnings estimate revisions for Seanergy Maritime Holdings, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $2.31.
Analysts&#39; steady views regarding the company&#39;s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Seanergy Maritime Holdings.
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Seanergy Maritime Holdings.
<a href="https://www.zacks.com/stock/news/2311826/is-seanergy-maritime-holdings-ship-a-buy-as-wall-street-analysts-look-optimistic?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2311826">To read this article on Zacks.com click here.</a>

Is Seanergy Maritime Holdings a Buy as Wall Street Analysts Look Optimistic?

Market volatility is likely to persist, with Federal Reserve officials projecting only a single rate cut this year despite the recent inflation report indicating easing price pressures. As a result, volatility and uncertainty may continue in the stock market, emphasizing the importance of assembling a portfolio consisting of low-beta stocks. These securities are expected to deliver strong returns while offering protection against unpredictable market conditions.
In this regard, stocks like The Vita Coco Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coco#NASDAQ">COCO</a>), Seanergy Maritime Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ship#NASDAQ">SHIP</a>), Arcos Dorados Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arco#NYSE">ARCO</a>) and Palomar Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plmr#NASDAQ">PLMR</a>) are worth betting on.
<h3>Understanding Beta</h3>
Beta measures the volatility or risk of a particular asset compared to the market. In other words, beta measures the extent of a security&#39;s price movement relative to the market. In this article, we are considering the S&amp;P 500 as the market.
If a stock has a beta of 1, then the price of the stock will move with the market. So, the stock is more volatile than the market if its beta is more than 1. In the same way, the stock is not as volatile as the market if its beta is less than 1.
For example, if the market offers a return of 20%, a stock with a beta of 3 will return 60%, which is overwhelming. Similarly, when the market slips 20%, the stock will sink 60%, which is devastating.
<h3>Screening Criteria:</h3>
We have taken&nbsp;a beta between 0 and 0.6&nbsp;as our prime criterion for screening stocks that are less volatile than the market. However, this should not be the only factor to be considered while selecting a winning strategy. We need to take into account other parameters that can add value to the portfolio.
Percentage Change in Price in the Last 4 Weeks Greater Than Zero:&nbsp;This ensures that the stocks saw positive price movement over the last month.
Average 20-Day Volume Greater Than 50,000:&nbsp;A substantial trading volume ensures that the stocks are easily tradable.
Price Greater Than or Equal to $5:&nbsp;They must all be trading at a minimum of $5 or higher.
Zacks Rank Equal to 1:&nbsp;Zacks Rank #1 (Strong Buy) stocks indicate that they will significantly outperform the broader U.S. equity market over the next one to three months.
Here are four of the six stocks that qualified for the screening:
The Vita Coco Company, a prominent developer and distributor of coconut water products, is strategically investing in initiatives to broaden the range of occasions when consumers might enjoy coconut water. By promoting its versatility and highlighting its benefits across various contexts, the company aims to integrate coconut water into more aspects of daily life. This effort is significantly boosting the performance of its flagship Vita Coco Coconut Water brand, which is experiencing robust growth and increased market presence as a result.
Seanergy Maritime, a prominent shipping company, recently announced the acquisition of an additional Capesize vessel constructed in 2012 in Japan for a purchase price of $35.6 million. This strategic acquisition is expected to enhance the company&#39;s operational capacity and strengthen its position in the shipping market. SHIP is committed to providing significant returns to shareholders while concurrently renewing and expanding its fleet.
Arcos Dorados is the largest franchisee within the McDonald&#39;s system and operates on a robust business model. To mitigate risks associated with specific countries, the company has diversified its operational footprint over the past decade. While Brazil remains its primary market, Arcos Dorados has significantly benefited from the growth opportunities presented by dynamic markets such as Chile, Colombia and Uruguay, which have positively influenced its financial performance.
Palomar Holdings, a prominent specialty insurance provider, is demonstrating impressive growth, evidenced by the increase in both gross written premiums and net earned premiums. This growth highlights the company&#39;s favorable business climate. With a diverse portfolio of specialty insurance products, Palomar Holdings is well-positioned, reinforcing a positive full-year outlook.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2287759/bet-on-these-4-low-beta-stocks-to-navigate-market-uncertainty?cid=CS-BENZ-FT-analyst_blog|rw-2287759">To read this article on Zacks.com click here.</a>

ARCO

COCO

PLMR

Bet on These 4 Low-Beta Stocks to Navigate Market Uncertainty

Contracts

Seanergy Maritime Announces Delivery Of A Japanese Capesize Vessel And Two New Time Charter Agreements With Costamare Bulkers Inc. For A Period Of 22-Months

CTRM

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STNG

Shares of shipping and tanker stocks are trading lower amid reported hopes of an Israel-Hamas ceasefire, which could ease Red Sea uncertainty and pressure freight rates.

Sphinx said it has reviewed Seanergy&#39;s recent statements to the media and in its May 31 press release, and said it appears&nbsp;that Seanergy thinks that it can confuse shareholders into forgetting what CEO Stamatis Tsantanis and the &quot;independent&quot; members of the Seanergy Board of Directors have done to them by reciting platitudes about good governance and strategic plans.
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Sphinx Investment Releases Statement In Respect Of Its Investment In Seanergy Maritime; Says Ongoing Litigation And Shareholder Proposals Are Not Based On Simple Policy Disagreement

Most of us have heard the dictum &quot;the trend is your friend.&quot; And this is undeniably the key to success when it comes to short-term investing or trading. But it isn&#39;t easy to ensure the sustainability of a trend and profit from it.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our &quot;Recent Price Strength&quot; screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Seanergy Maritime Holdings Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ship#NASDAQ">SHIP</a>) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for &quot;trend&quot; investors.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. SHIP is quite a good fit in this regard, gaining 44.6% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 18.6% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, SHIP is currently trading at 99.3% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in SHIP may not reverse anytime soon.
In addition to SHIP, there are several other stocks that currently pass through our &quot;Recent Price Strength&quot; screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
<a href="https://www.zacks.com/stock/news/2273943/here-s-why-momentum-in-seanergy-maritime-holdings-ship-should-keep-going?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2273943">To read this article on Zacks.com click here.</a>

Here's Why Momentum in Seanergy Maritime Holdings Should Keep going

Seanergy Maritime Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.26 by 119.23 percent. This is a 2950 percent increase over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $38.293 million which beat the analyst consensus estimate of $34.745 million by 10.21 percent. This is a 112.43 percent increase over sales of $18.026 million the same period last year.

Seanergy Maritime Hldgs Q1 2024 Adj EPS $0.57 Beats $0.26 Estimate, Sales $38.293M Beat $34.745M Estimate

Press Releases

Seanergy Maritime Mails CEO Letter to Shareholders

Seanergy Maritime Issues Investor Presentation Highlighting Value Creation Strategy

Seanergy Maritime Issues Statement on Court's Dismissal of Economou's Litigation

Seanergy Maritime Announces the Date for the Third Quarter and Nine Months Ended September 30, 2024, Financial Results, Conference Call and Webcast

Economics

Seanergy Maritime Releases its 2023 Environmental, Social and Governance Report

Seanergy Maritime Shareholders Overwhelmingly Re-Elect Seanergy Nominees at 2024 Annual Meeting

Seanergy Maritime Reports Third Quarter and Nine Months Financial Results for the Periods Ended September 30, 2024

UPDATE – Capital Link Shipping Sectors Webinar Series - December 2024 - Dry Bulk, Container, Product Tanker, Crude Tanker, LPG, LNG Shipping

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Shipping: State of Play & What Lies Ahead

Seanergy Maritime Expands Fleet with Two Japanese Ships: One Newcastlemax Vessel and One Capesize Vessel

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Untitled design - 2024-09-03T182134.566

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Seanergy Maritime (NASDAQ: SHIP) Raises Dividend Following Record-Breaking Q2 And H1 Results, United Maritime (NASDAQ: USEA) Rises Through Strategic Investments

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