Seanergy Maritime Holdings (SHIP) Rises 6.8% on Positive Projections

Seanergy Maritime Holdings Corp (SHIP) shares surged 6.8% to close at $6.76, driven by increased trading volume. The stock has gained 7% this month, boosted by stabilization in the Baltic Exchange’s dry bulk sea freight index. Expectations for quarterly earnings stand at $0.09 per share, down 88.3% year-over-year, with revenues expected to be $35.13 million.

Management is optimistic about the Capesize market and anticipates continued growth in 2025. Despite a Zacks Rank #3 (Hold), Seanergy Maritime Holdings is poised for profitability and cash generation improvement. Genco Shipping & Trading (GNK) also saw a 5.8% increase in its stock price. Their consensus EPS estimate remains at -$0.13, with a Zacks Rank of #3 (Hold).

Read more at Nasdaq: Seanergy Maritime Holdings (SHIP) Soars 6.8%: Is Further Upside Left in the Stock?