Top Ships Inc. (NASDAQ: TOPS) Seen Running Too Hot, Let’s Look At This More Closely


    G1 Execution Services LLC recently announced the acquisition of new stake in Top Ships Inc. (NASDAQ:TOPS). This fresh investment now brings its stake to 0.06% valued currently at $54654.0. In addition, Creative Planning, Inc. raised its holdings by 73020.0 to 0.1 million shares.

    With over 6.0 million Top Ships Inc. (TOPS) shares trading Friday and a closing price of $1.33 on the day, the dollar volume was approximately $7.99 million. The shares have shown a negative weekly performance of -6.34% and its price on 08/28/20 gained nearly 3.10%. Currently, there are 39.83M common shares owned by the public and among those 33.49M shares have been available to trade.

    Incidentally, analysts’ outlook for the Top Ships Inc. stock is 3.00 for the next 12 months.

    Shares of Top Ships Inc. (NASDAQ: TOPS) opened at $1.28, down -$0.01 from a prior closing price of $1.29. However, the script later closed the day at $1.33, up 3.10%. The company’s stock has a 5-day price change of -6.34% and -60.15% over the past three months. TOPS shares are trading -93.35% year to date (YTD), with the 12-month market performance down to -99.22% lower. It has a 12-month low price of $1.01 and touched a high of $242.75 over the same period. Currently, 6.0 million shares have been traded, compared to an average intraday trading volume of 6.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -22.33%, -46.95%, and -85.91% respectively.

    Institutional ownership of Top Ships Inc. (NASDAQ: TOPS) shares accounts for 0.30% of the company’s 39.83M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $51.40M and a beta (3y monthly) value of -0.04. The earnings-per-share (ttm) stands at -$114.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.42% over the week and 16.17% over the month.

    Analysts forecast that Top Ships Inc. (TOPS) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$0.21 for 2021. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 13.60%, and 16.00% over the next financial year.

    Looking at the support for the TOPS, a number of firms have released research notes about the stock. Maxim Group stated their Hold rating for the stock in a research note on July 13, 2020, with the firm’s price target at. Maxim Group coverage for the Top Ships Inc. (TOPS) stock in a research note released on April 22, 2019 offered a Buy rating with a price target of.


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