Is the stock market tanking?
The stock market is tanking. Everyone knows it. Over the past 11 months, the S&P 500’s price has fallen and fallen and fallen. A whopping 20% loss in less than a year. You check the markets and see a 12 month S&P 500 chart that looks like this: No big deal, you know better than to sell on a downturn. OH DEAR LORD THE WORLD IS ENDING. So you panic.
Why are cruise ship stocks still floundering in Troubled Waters?
While the turbulent waves faced by markets earlier in the year appear to be subsiding, cruise ship stocks like Carnival Corporation ( CCL ), Royal Caribbean Cruises Ltd. ( RCL ), Norwegian Cruise Line Holdings Ltd. ( NCLH) are still floundering in troubled waters as they face unfavorable supply and demand fundamentals.
Should you invest in cruise ship stocks?
Yet the point in favor of these cruise ship stocks is that investors still seem to be willing to do what it takes to keep them afloat. For instance, Carnival raised $3.5 billion in unsecured debt last week, issuing six-year notes with a coupon rate of 5.75%. It's the fifth time Carnival has turned to the bond market for help.
How much is a share of ship stock worth?
One share of SHIP stock can currently be purchased for approximately $1.23. How much money does Seanergy Maritime make? Seanergy Maritime has a market capitalization of $187.60 million and generates $63.35 million in revenue each year.
Why are shipping company stocks down today?
Low demand for shipping is hurting stocks today. This comes as the war in Ukraine affects grain shipments. China's lockdowns are also affecting shipping demand.
Is ship stock a good investment?
The financial health and growth prospects of SHIP, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.
What happened to Seanergy Maritime Holdings Corp?
Seanergy Maritime Holdings Corp. announced today that it intends to effect a spin-off of the Company's oldest Capesize vessel, the M/V Gloriuship, through a wholly-owned subsidiary. The newly formed subsidiary, United Maritime Corporation (“United”), will act as the holding company for the M/V Gloriuship.
Will ship go up?
Seanergy Maritime Holdings Corp (NASDAQ:SHIP) The 3 analysts offering 12-month price forecasts for Seanergy Maritime Holdings Corp have a median target of 1.50, with a high estimate of 2.16 and a low estimate of 1.30. The median estimate represents a +93.17% increase from the last price of 0.78.
What is the future of SHIP stock?
(NASDAQ: SHIP) Seanergy Maritime Holdings's current Earnings Per Share (EPS) is $0.27. On average, analysts forecast that SHIP's EPS will be $0.38 for 2022, with the lowest EPS forecast at $0.38, and the highest EPS forecast at $0.38. In 2023, SHIP's EPS is forecast to hit $0.53 (min: $0.53, max: $0.53).
Why was top ships stock so high?
Instead, the reason for the increase to Top Ships (NASDAQ:TOPS) stock likely has to do with a change in position from the U.S. government. The Trump Administration has announced that the U.S. is planning to leave the Universal Postal Union. The Universal Postal Union is a treaty that has been in place for 144 years.
Did ship do a reverse split?
Announces Reverse Stock Split to be Effective March 25, 2019. LONDON , March 20, 2019 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc.
When did ship go public?
Riding the China boom. The shipping IPO ball got rolling in 2001 with Stelios Hajiouannou's Stelmar Shipping and Georgiopoulos' General Maritime.
What does castor maritime ship?
The Company's vessels are employed primarily on medium-term charters and transport a range of dry bulk cargoes, including such commodities as coal, grain and other materials along worldwide shipping routes.
Should I buy or sell Seanergy Maritime stock right now?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seanergy Maritime in the last twelve months. There are currently 3 buy rat...
What is Seanergy Maritime's stock price forecast for 2022?
3 Wall Street analysts have issued 1 year price targets for Seanergy Maritime's shares. Their forecasts range from $1.50 to $2.50. On average, they...
How has Seanergy Maritime's stock performed in 2022?
Seanergy Maritime's stock was trading at $0.9180 on January 1st, 2022. Since then, SHIP stock has increased by 14.4% and is now trading at $1.05....
When is Seanergy Maritime's next earnings date?
Seanergy Maritime is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Se...
How were Seanergy Maritime's earnings last quarter?
Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) issued its quarterly earnings data on Tuesday, May, 31st. The shipping company reported $0.04 EPS fo...
How often does Seanergy Maritime pay dividends? What is the dividend yield for Seanergy Maritime?
Seanergy Maritime declared a quarterly dividend on Wednesday, June 1st. Shareholders of record on Tuesday, June 28th will be given a dividend of $0...
Is Seanergy Maritime a good dividend stock?
Seanergy Maritime(NASDAQ:SHIP) pays an annual dividend of $0.10 per share and currently has a dividend yield of 9.57%. SHIP has a dividend yield hi...
When did Seanergy Maritime's stock split? How did Seanergy Maritime's stock split work?
Seanergy Maritime's stock reverse split on the morning of Wednesday, March 20th 2019. The 1-15 reverse split was announced on Tuesday, February 26t...
Who are Seanergy Maritime's key executives?
Seanergy Maritime's management team includes the following people: Mr. Stamatios Tsantanis , Chairman & CEO (Age 50) Mr. Stavros Gyftakis , Chi...
About Seanergy Maritime
Seanergy Maritime Holdings Corp. operates as an international shipping company. The firm engages in seaborne transportation of dry bulk commodities. It focuses on owning and management of fleet of Capesize bulk carriers. The company was founded on January 4, 2008 and is headquartered in Athens, Greece.
Headlines
Thinking about buying stock in Marqeta, Innoviva, Seanergy Maritime, Peabody Energy, or Aridis Pharmaceuticals?
Seanergy Maritime (NASDAQ:SHIP) Frequently Asked Questions
3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seanergy Maritime in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Seanergy Maritime stock. View analyst ratings for Seanergy Maritime or view top-rated stocks.
The cruise industry still has not found safe harbor from the coronavirus storm
Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.
What happened
Shares of cruise stocks Carnival ( NYSE:CCL)( NYSE:CUK), Norwegian Cruise Line Holdings ( NYSE:NCLH), and Royal Caribbean ( NYSE:RCL) were all falling in midday trading Monday, with Carnival down 6.7%, Norwegian falling 5.7%, and Royal Caribbean off 6.3% on a day when no major index was down more than a fraction of a percentage point.
So what
Carnival announced it was selling up to $500 million worth of stock, which it mostly intends to use to repurchase shares trading in the U.K., but also for other corporate purposes.
Now what
More debt, more dilution, and lingering coronavirus news is likely weighing on all three cruise lines, including Norwegian, which -- as the industry's smallest operator -- can't afford to have its sailing plans disrupted.
Key indexes hit record levels once again
Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com.
Cruisin' higher
Shares of cruise ship stocks were higher across the board Tuesday morning. Carnival and Royal Caribbean gave shareholders a 6% boost, while Norwegian investors had to settle for about a 4% rise.
Investors are still hungry
Yet the point in favor of these cruise ship stocks is that investors still seem to be willing to do what it takes to keep them afloat. For instance, Carnival raised $3.5 billion in unsecured debt last week, issuing six-year notes with a coupon rate of 5.75%. It's the fifth time Carnival has turned to the bond market for help.
Why is the stock market down?
There are several factors impacting the stock market right now, including the Omicron variant of COVID-19 slowing economic growth and recent disappointing earnings results.
What should investors do now?
So, should you panic? No, Paulsen says, adding that underlying fundamentals of the economy remain pretty solid.
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Feeling it first-hand
If you followed my latest net worth update, you know the recent decline made me $15,000 poorer in just 31 days. If you’ve got any money in the market, you probably felt it, too.
Worst case scenario? Things will probably work out
In the last net worth update, I talked about the unluckiest investor in history. He put all of his money into an S&P 500 index fund, right before one of the worst crashes in the history of the S&P 500.
What is Scorpio Tankers?
Scorpio Tankers Inc.: Scorpio Tankers is a Monaco-based shipping company active in the oil transportation industry. It provides seaborne transportation of crude oil and other petroleum products. The company announced in early May financial results for Q1 FY 2021, which ended March 31, 2021.
What is frontline shipping?
Frontline Ltd.: Frontline is a Bermuda-based international shipping company focused on the transportation of crude oil and oil products. It owns a fleet of very large crude carriers and tankers that are managed by ship management companies.
How much did Scorpio tankers lose in 2021?
The company announced in early May financial results for Q1 FY 2021, which ended March 31, 2021. Scorpio Tankers posted a net loss of $62.4 million, a significant deterioration of its bottom line compared to net income of $46.6 million posted in the year-ago quarter. Revenue declined 47.2%.
