At the last check on Friday, Top Ships Inc.’s (NASDAQ:TOPS) stock was up $0.04, moving up 6.09 percent to $0.72. The average number of shares traded per day over the past five days has been 1,448,442 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0292 gain in that time frame. In the last twenty days, the average volume was 752,321, while in the previous 50 days, it was 460,752.
Since last month, TOPS stock rose 18.43%. Shares of the company fell to $0.5915 on 07/06/23, the lowest level in the past month. A 52-week high of $11.60 was reached on 02/13/23 after having rallying from a 52-week low of $0.56. Since the beginning of this year, TOPS’s stock price has dropped by -43.11% or -$0.5508, and marked a new high 5 times. However, the stock has declined by -93.77% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.76. Besides these, the trailing price-to-sales (P/S) ratio of 0.18, the price-to-book (PB) ratio of 0.03.
Financial Health
In the recent quarter, Top Ships Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 2.00, and the total debt-to-equity ratio was 2.11. On the profitability front, the trailing twelve-month gross margin is 98.00% percent. In the recent year, EBITDA margin amounted to 56.82%, whereas operating margins totaled 40.40%. Based on annual data, TOPS earned $60.38 million in gross profit and brought in $80.66 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.50%. Return on equity (ROE) for the past 12 months was -9.10%.
TOPS’s revenue rose 30.11% during the quarter, while net income inched up to $80.66 million. The liabilities of Top Ships Inc. were 386.81 million at the end of its most recent quarter, and its total debt was $257.66 million.
Technical Picture
This quick technical analysis looks at Top Ships Inc.’s (TOPS) price momentum. With a historical volatility rate of 52.39%, the RSI 9-day stood at 59.14% on 03 August.
With respect to its five-day moving average, the current Top Ships Inc. price is up by +4.23% percent or $0.0292. At present, TOPS shares trade +16.19% above its 20-day simple moving average and -20.64% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.54% below its SMA50 and -84.37% below its SMA200.
Stochastic coefficient K was 38.01% and Stochastic coefficient D was 43.14%, while ATR was 0.0564. Given the Stochastic reading of 37.68% for the 14-day period, the RSI (14) reading has been calculated as 57.72%.
Analyst Ratings
Top Ships Inc. downgraded its rating on Top Ships Inc. (NASDAQ: TOPS) to a Hold in a note to investors on July 13, 2020. The analysts firm previously had a Buy rating on the stock.Top Ships Inc. (TOPS) has been rated Buy by analysts. According to 0 brokerage firms, TOPS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Top Ships Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $3.00, the current consensus forecast for the stock is $3.00 – $3.00. Based on these forecasts, analysts predict Top Ships Inc. (TOPS) will achieve an average price target of $3.00.
