The trading price of Top Ships Inc. (NASDAQ:TOPS) floating lower at last check on Tuesday, Feb 23, closing at $2.88, -14.23% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.2100 and $2.7131. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0.11. In examining the 52-week price action we see that the stock hit a 52-week high of $15.5 and a 52-week low of $0.95. Over the past month, the stock has gained 75.61% in value.

Top Ships Inc., whose market valuation is $105.24 Million at the time of this writing, is expected to release its quarterly earnings report Feb 22, 2021- Mar 01, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of -$0.66 for 2021 and -$0.31 for 2022. It means analysts are expecting annual earnings per share growth of -1% this year and -0.53% next year.

On the technical side, indicators suggest TOPS has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TOPS a recommendation rating is 1. Out of them, 1 rate it a Hold, while none recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Top Ships Inc. (TOPS) as Underperform, while not any of them advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that TOPs price is currently 0.7% off the SMA20 and 37.1% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.61, and weekly volatility stands at 16.29%. When measured over the past 30 days, the indicator reaches 18.44%. Top Ships Inc. (NASDAQ:TOPS)’s beta value is currently sitting at 0.11, while the Average True Range indicator is currently displaying 0.42. With analysts defining $10-$10 as the low and high price targets, we arrive at a consensus price target of $10 for the trailing 12-month period. The current price is about 304.86% off the estimated low and 304.86% off the forecast high, based on this estimate. Investors will be thrilled if TOPs share price rises to $10, which is the median consensus price. At that level, TOPs share price would be +304.86% above current price.

To see how Top Ships Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: TOPS stock’s performance was -14.23% at last check in today’s session, and -76.92% in the past year, while Kirby Corp (KEX) has been trading +0.41% in recent session and positioned -13.57% lower than it was a year ago. Another comparable company Euronav NV (EURN) saw its stock trading -2.17% lower in today’s session but was down -3.25% in a year. Furthermore, Frontline Ltd (FRO) showed a decline of -14.23% today while its price kept declining at -76.92% over the past year. Top Ships Inc. has a P/E ratio of 0, compared to Kirby Corp’s 0 and Euronav NV’s 4.1. Also during today’s trading, the S&P 500 Index has soared -0.93%, while the Dow Jones Industrial also saw a negative seesion, down -0.54% today.

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An evaluation of the daily trading volume of Top Ships Inc. (NASDAQ:TOPS) indicates that the 3-month average is 6.64 Million. However, this figure has increased over the past 10 days to an average of 7.63 Million.

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Currently, records show that 39.83 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 0.8%. The stats also highlight that short interest as of January 28, 2021, stood at 2Million shares, resulting in a short ratio of 0.29 at that time. From this, we can conclude that short interest is 5.02% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 2.57 Million. However, since the stock’s price has seen +138.02% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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