Top Ships Inc. (NASDAQ:TOPS) price on Wednesday, September 15, rose 6.02% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.41.
A look at the stock’s price movement, the close in the last trading session was $1.33, moving within a range at $1.29 and $1.43. The beta value (5-Year monthly) was 0.11. Turning to its 52-week performance, $3.89 and $0.95 were the 52-week high and 52-week low respectively. Overall, TOPS moved 11.46% over the past month.
Top Ships Inc.’s market cap currently stands at around $56.60 million, with investors looking forward to this quarter’s earnings report slated for Aug 09, 2021 – Aug 16, 2021. Analysts project the company’s earnings per share (EPS) to be $0, which has seen fiscal year 2021 EPS growth forecast to increase to $0.31 and about -$0.01 for fiscal year 2022. Per the data, EPS growth is expected to be 144.30% for 2021 and -103.20% for the next financial year.
Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $60.8 million, representing a 1.00% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that TOPS is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend TOPS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TOPS’s current price about 11.95% and 6.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.04, while 7-day volatility ratio is 12.19% and 7.36% in the 30-day chart. Further, Top Ships Inc. (TOPS) has a beta value of 0.03, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $10.00, forecast between a low of $10.00 and high of $10.00. Looking at the price targets, the low is -609.22% off current price level while to achieve the yearly target high, price needs to move -609.22%. Nonetheless, investors will most likely welcome a -609.22% jump to $10.00 which is the analysts’ median price.
In the market, a comparison of Top Ships Inc. (TOPS) and its peers suggest the former has performed considerably stronger. Data shows TOPS’s intraday price has changed 6.02% in last session and 29.36% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.85% and 0.68% respectively in the last trading.
If we refocus on Top Ships Inc. (NASDAQ:TOPS), historical trading data shows that trading volumes averaged 1.35 million over the past 10 days and 856.29K over the past 3 months. The company’s latest data on shares outstanding shows there are 40.14 million shares.
The institutional holders own 1.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.52 million on May 27, 2021, giving us a short ratio of 1.37. The data shows that as of May 27, 2021 short interest in Top Ships Inc. (TOPS) stood at 8.84% of shares outstanding, with shares short rising to 2.96 million registered in Apr 29, 2021. Current price change has pushed the stock 16.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TOPS stock continues to rise going into the next quarter.