Top Ships Inc. (TOPS) Looks Ready for Growth Despite 18.18% Change This Year

Top Ships Inc. (NASDAQ: TOPS) is 18.18% higher on its value in year-to-date trading and has touched a low of $0.95 and a high of $24.56 in the current 52-week trading range. The TOPS stock was last observed hovering at around $1.29 in the last trading session, with the day’s gains setting it 0.14% off its average median price target of $10.00 for the next 12 months. It is also 85.7% off the consensus price target high of $10.00 offered by 1 analysts, but current levels are 85.7% higher than the price target low of $10.00 for the same period.

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Currently trading at $1.43, the stock is 14.15% and 20.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.06 million and changing 10.85% at the moment leaves the stock -46.47% off its SMA200. TOPS registered -93.50% loss for a year compared to 6-month loss of -48.42%. The firm has a 50-day simple moving average (SMA 50) of $1.2436 and a 200-day simple moving average (SMA200) of $1.6159.

The stock witnessed a -4.03% gain in the last 1 month and extending the period to 3 months gives it a 17.21%, and is 19.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.35% over the week and 8.94% over the month.

Top Ships Inc. (TOPS) has around 1 employees, a market worth around $56.48M and $68.90M in sales. Profit margin for the company is -34.40%. Distance from 52-week low is 50.53% and -94.18% from its 52-week high. The company has generated returns on investments over the last 12 months (0.20%).

Top Ships Inc. (TOPS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Top Ships Inc. (TOPS) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Top Ships Inc. is expected to release its quarterly report on 05/20/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 13.60% this year, but quarterly earnings will post -5.60% year-over-year.

Top Ships Inc. (TOPS) Top Institutional Holders

7 institutions hold shares in Top Ships Inc. (TOPS), with institutional investors hold 0.80% of the company’s shares. The shares outstanding are 39.83M, and float is at 33.49M with Short Float at 6.23%. Institutions hold 0.80% of the Float.

The top institutional shareholder in the company is Squarepoint Ops LLC with over 0.2 million shares valued at $0.22 million. The investor’s holdings represent 0.02% of the TOPS Shares outstanding.

Top Ships Inc. (TOPS) Insider Activity

A total of 0 insider transactions have happened at Top Ships Inc. (TOPS) in the last six months, with sales accounting for 0 and purchases happening 0 times.

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