Seaspan Corporation s in-depth stock price analysis indicates that the stock price has dropped -24.77% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -49.48% . Looking at the past 52 week period, the stock price is down -52.68% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Seaspan Corporation has a negative value of -50.16 compared to overall market performance. Seaspan Corporation (NYSE:SSW) has tumbled 2.66% during the past week and has dropped 36.18% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.44%. Seaspan Corporation (NYSE:SSW) has underperformed the index by 37.32% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Seaspan Corporation (NYSE:SSW) : On Friday heightened volatility was witnessed in Seaspan Corporation (NYSE:SSW) which led to swings in the share price. The stock opened for trading at $7.12 and hit $7.5 on the upside , eventually ending the session at $7.32, with a gain of 2.81% or 0.2 points. The heightened volatility saw the trading volume jump to 1,312,116 shares. The 52-week high of the share price is $20 and the company has a market cap of $774 million. The 52-week low of the share price is at $6.62 .
Seaspan Corporation Last issued its quarterly earnings results on Oct 31, 2016. The company reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.30. The company had revenue of $224.90 million for the quarter, compared to analysts expectations of $226.19 million. The companys revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Seaspan Corporation was Initiated by Morgan Stanley to Underweight on Feb 1, 2017.
Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters.