Top Ships Inc. (NASDAQ:TOPS) does about 6.04M shares in volume on a normal day but saw 6003954 shares change hands in Friday trading. The company now has a market cap of 51.40M USD. Its current market price is $1.33, marking an increase of 3.10% compared to the previous close of $1.29. The 52 week high reached by this stock is $242.75 whilst the lowest price level in 52 weeks is $1.01. The script in recent trading has seen the stock touch a high of $1.41 and a low of $1.24.
Top Ships Inc. (TOPS) has a 20-day trading average at $1.6536 and the current price is -99.45% off the 52-week high compared with 31.68% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.4576 and its 200-day simple moving average is $9.3240. If we look at the stock’s price movements over the week, volatility stands at 12.42%, which increases to 16.17% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 33.85 to suggest the stock is neutral.
1 analysts observing the Top Ships Inc. (TOPS) stock have set the 12-month price targets for the company’s shares at between $10.00 and $10.00. The median price target is 86.7% away from the current levels at $10.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 13, 2020 when Maxim Group downgraded the stock to “Hold” and issued a price target of.
The current price level is -22.33%, -46.95%, and -85.91% away from its SMA20, SMA50, and SMA200 respectively, with the TOPS price moving above the 50-day SMA on August 28. Top Ships Inc. (TOPS) stock is down -6.34% over the week and -47.33% over the past month. Its price is -93.35% year-to-date and -99.22% over the past year.
The company’s next earnings report is expected on 09/02/2020, with forecasts estimating quarterly EPS at $0 and -$0.25 for whole year. TOPS’s earnings per share are forecast to grow by 99.60% this year and 16.00% over next year.
Outstanding shares total 39.83M with insiders holding 0.00% of the shares and institutional holders owning 1.17% of the company’s common stock. The company has a return on investment of 0.20% and return on equity of -23.00%. The beta has a value of -0.04. Price to book ratio is 0.00 and price to sales ratio is 0.75.