The Price Target For Top Ships Inc. (TOPS)?

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Top Ships Inc. (NASDAQ:TOPS) finished Wednesday with a subtraction of -$0.01 to close at $0.21, a downside of -4.67 percent. An average of 1,155,620 shares of common stock have been traded in the last five days. There was a fall of -$0.0585 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 864,195 shares traded, while the 50-day average volume stands at 779,182.

TOPS stock has decreased by -33.30% in the last month. The company shares reached their 1-month lowest point of $0.2100 on 09/21/22. With the stock rallying to its 52-week high on 03/07/22, shares of the company touched a low of $0.22 and a high of $1.65 in 52 weeks. It has reached a new high 10 times so far this year and lost -74.31% or -$0.6205 in price. In spite of this, the price is down -87.00% from the 52-week high.


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Valuation Metrics

Top Ships Inc. (TOPS) has a trailing price-to-earnings (P/E) ratio of 1.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.20, the price-to-book (PB) ratio at 0.09.

Financial Health

Its gross profit as reported stood at $39.01 million compared to revenue of $56.37 million.

Earnings Surprise

For the recent quarter, Top Ships Inc. had $2.0 million in cash and short-term investments compared to $90.16 million in total debt. The company posted a net income of $10.94 million in the quarter, while revenues were grew 363.07%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Top Ships Inc. (TOPS) price momentum. RSI 9-day as of the close on 21 September was 16.23%, suggesting the stock is oversold, with historical volatility in this time frame at 53.09%.

As of today, TOPS’s price is $0.2352 -21.43% or -$0.0585 from its 5-day moving average. TOPS is currently trading -29.70% lower than its 20-day SMA and -69.83% lower than its 100-day SMA. However, the stock’s current price level is -42.03% below the SMA50 and -77.28% below the SMA200.

The stochastic %K and %D were 6.95% and 11.05%, respectively, and the average true range (ATR) was 0.0271. With the 14-day stochastic at 5.00% and the average true range at 0.0282, the RSI (14) stands at 21.47%. The stock has reached -0.0287 on the 9-day MACD Oscillator while the 14-day reading was at -0.0374.

Analyst Ratings

Maxim Group downgraded Top Ships Inc. (NASDAQ: TOPS) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Top Ships Inc. (TOPS) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TOPS, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is TOPS’s price target for the next 12 months?

Analysts predict a range of price targets between $10.00 and $10.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Top Ships Inc. (TOPS) stock is $10.00.

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