Top Ships Inc. (NASDAQ:TOPS) traded at $1.09 at last check on Tuesday, Sep 15, making a downturn move of -1.8% on its previous day’s price.
Looking at the stock we see that its previous close was $1.11 and the beta (5Y monthly) reads -0.05 with the day’s price range being $1.0800 – 1.1300. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, TOPS has a high of $120 and a low of $1.01 -. The company’s stock has gained about -14.84% over that past 30 days.
Top has a market cap of $44.2 Million and is expected to release its quarterly earnings report on August 10, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the TOPS stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at -$0.27 for 2020 and -$0.21 for next year. These figures represent -1% and at -0.22% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the TOPS stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare Top (TOPS) stock to its peers. We find that today’s price change of -1.8% and -98.85% over the past 12 months for TOPS competes that of Kirby Corp (KEX), which has seen its stock price fall -3.9% in the latest trading session and is -55.04% over the last one year. Another of its peers Euronav NV (EURN) has dropped -1.85% today, and is +7.3% up over the past year, while Frontline Ltd (FRO) is also down -1.8% yet its price remains in the red at -98.85% over the same period. Kirby has a P/E ratio of 0 compared to Top’s 0 and Euronav’s 3.33. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.52% and 0.01%, respectively, in early deals.
Coming back to Top Ships Inc. (NASDAQ:TOPS), we note that the average 3-month trading volume was 5.49 Million, while that of the preceding 10-day period stands at 2.65 Million. Current shares outstanding are 39.83 Million.
According to data from Thomson Reuters, insiders hold 0% of the company’s shares while institutions hold 1.17%. The data shows that short shares as of August 30, 2020, stood at 2.12 Million at a short ratio of 0.25. This represents a 5.33% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 128.66 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -94.55% down in year-to-date price movement.