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Is Seanergy Maritime Holdings Corp (SHIP) Stock Undervalued Right Now?

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company value investors might notice is Seanergy Maritime Holdings Corp (SHIP). SHIP is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 3.64. This compares to its industry's average Forward P/E of 5.88. Over the past 52 weeks, SHIP's Forward P/E has been as high as 113 and as low as -2.21, with a median of 3.80.

Another valuation metric that we should highlight is SHIP's P/B ratio of 0.84. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.02. Over the past year, SHIP's P/B has been as high as 1.57 and as low as 0.11, with a median of 0.56.

These are only a few of the key metrics included in Seanergy Maritime Holdings Corp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SHIP looks like an impressive value stock at the moment.


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