Looking For a Catalyst: Update on Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)
OCT 19, 2017 Morgan Staff
Bargain stock hunters have honed in their attention of late on shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP). The stock is currently valued at $1.20 after moving 0.00% in the most recent session and 8.63% over the past 5 trading days. Given that the stock is priced cheaply, let’s take a look and see if there is any value here.
The average investor might not have the time to monitor every single tick of a given stock, but taking a look at historical performance may help provide some valuable insight on where the stock may be trending in the future. Over the past week, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has performed 8.63%. For the past month, shares are 9.60%. Over the last quarter, shares have performed 63.67%. Looking back further, Seanergy Maritime Holdings Corp. stock has been 36.39% over the last six months, and 6.74% since the start of the calendar year. For the past full year, shares are -51.86%.
There is rarely any substitute for diligent research, especially when it pertains to the equity markets. No matter what strategy an investor employs, keeping abreast of current market happenings is of the utmost importance. Everyone wants to see their stock picks soar, but the stark reality is that during a market wide sell-off, this may not be the case. Recently, shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) have been seen trading 27.94% away from the 200-day moving average and 10.56% off the 50-day moving average. The stock is currently trading -86.13% away from the 52-week high and separated 106.54% from the 52-week low. Seanergy Maritime Holdings Corp.’s RSI is presently sitting at 57.50.
