What happened to ship stock after surging 40% last week?
Steve I understand but coal and iron ore use special dry bulk ports with 23 meter draught. They do not use the standard dry bulk terminals and they are have not …
Why did DryShips'stock split?
Nov 26, 2021 · Now what. Suffice it to say that cramming thousands of tourists at a time aboard a ship at sea could be considered such a "super spreading event," and so …
Why did DryShips stock lose almost its entire value in 2017?
Jun 29, 2020 · Most likely, shares were sent tumbling when SHIP announced a plan to go ahead with a 1-for-16 reverse stock split, in order to comply with Nasdaq listing regulations. The company had until...
Is seanergy maritime (ship) stock a buy after 40% surge last week?
Jun 29, 2020 · Most likely, shares were sent tumbling when SHIP announced a plan to go ahead with a 1-for-16 reverse stock split, in order to comply with Nasdaq listing regulations. The company had until...
Why did Top Ships stock crash?
In the case of TOP Ships, it's because the company has struggled operationally and has been diluting the daylights out of its shareholders to keep its business afloat.Jul 20, 2020
Is SHIP stock a good investment?
SHIP has an average analyst recommendation of Strong Buy. The company has an average price target of $2.12. SHIP has an Overall Score of 80. Find out what this means to you and get the rest of the rankings on SHIP!6 days ago
Will seanergy stock go up?
Stock Price Forecast The 4 analysts offering 12-month price forecasts for Seanergy Maritime Holdings Corp have a median target of 1.93, with a high estimate of 2.25 and a low estimate of 1.40. The median estimate represents a +64.53% increase from the last price of 1.17.
Why did Seanergy Maritime Holdings Corp stock drop?
Shares of Seanergy Maritime Holdings Corp. SHIP, +4.72% resumed trading, and plunged 26% in midday trade Friday, after the bulk shipping services company announced the pricing of a large share offering at a significant discount to current prices.Nov 18, 2016
Should I invest in seanergy?
Valuation metrics show that Seanergy Maritime Holdings Corp may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of SHIP, demonstrate its potential to outperform the market. It currently has a Growth Score of A.
Is seanergy a buy?
Seanergy Maritime has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Did ship do a reverse split?
The Company's shareholders approved a reverse stock split at the Company's special meeting of shareholders held on March 20, 2019 .
Why did ship stock drop in 2019?
Despite the current challenges, management offered some reassuring comments in the company's recently published Q4/2018 report: In the beginning of 2019 we have experienced a sharp drop in the market that was driven primarily by the supply disruption caused by the Brumadinho dam disaster in Brazil.May 10, 2019
Why TOPS Is Falling
As mentioned above, Top Ships is having a relatively rough start to the trading session, but the company has released no news. Nonetheless, we believe that we’ve found the reason for the declines.
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Public Offering Benefit to Unit Buyers
The one common share received from the $3.40 per unit offering price is easy enough to understand. It can be sold into the market at market price.
What will happen from here?
The potential dilution from this offering is substantial.
Conclusion
Seanergy’s public offering carries potential for much higher dilution than may have been immediately apparent and shareholders should be wary.
An insurmountable wave of dilution washed over this shipping stock last year
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
What happened
Last year was an absolute disaster for investors in DryShips Inc. ( NASDAQ:DRYS). While the dry bulk shipping company staved off bankruptcy, that still didn't stop the stock from shedding nearly its entire value last year. Here's a look back at why shares plunged so deeply in 2017.
So what
DryShips entered 2017 with a sense of optimism after securing a comprehensive strategic repositioning transaction with its founder at the end of 2016.
Now what
DryShips made one thing clear last year: It cared more about growing its fleet than creating value for investors. Thus, investors should steer clear of this stock even if it has since ended its dilutive ways.
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