In the last trading session, 4,101,566 shares of the Top Ships Inc.(NASDAQ:TOPS) were traded, and its beta was 0.11. Most recently the company’s share price was $2.88, and it changed around -$0.04 or -0.01% from the last close, which brings the market valuation of the company to $114.72 Million. TOPS currently trades at a discount to its 52-week high of $15.5, offering almost -438.19% off that amount. The share price’s 52-week low was $0.95, which indicates that the current value has risen by an impressive 67.01% since then. We note from Top Ships Inc.’s average daily trading volume that its 10-day average is 17.92 Million shares, with the 3-month average coming to 6.68 Million.
Top Ships Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended TOPS as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Top Ships Inc. is expected to report earnings per share of $0 for the current quarter.
Top Ships Inc. (NASDAQ:TOPS): Trading Information
Although TOPS has showed a red trend with a performance of -1.37% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $3.79- on Tuesday, Feb 16 increased the stock’s daily price by 24.01%. The company’s shares are currently up 1.38% year-to-date, but still down -0.2153 over the last five days. On the other hand, Top Ships Inc. (NASDAQ:TOPS) is 0.76% up in the 30-day period. We can see from the shorts that 2Million shares have been sold at a short interest cover period of 0.3 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bears needing to increase their stock price by 247.22% from its current value. Analyst projections state that TOPS is forecast to be at a low of $10 and a high of $10. In order for the stock price to hit the forecast high, the stock would need to surge +247.22% from its current level, while the stock would need to crash 247.22% from its current level to reach the projected low.
Top Ships Inc. (TOPS) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -52.96%. Top Ships Inc. earnings are expected to increase by 13.6% in 2021, but the outlook is negative 0% per year for the next five years.
Top Ships Inc. (NASDAQ:TOPS)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0% of Top Ships Inc. shares, and 0.8% of them are in the hands of institutional investors. The stock currently has a share float of 0.8%. Top Ships Inc. stock is held by 7 institutions, with Squarepoint Ops LLC being the largest institutional investor. By Sep 29, 2020, it held 0.02% of the shares, which is about 204.33 Thousand shares worth $220.68 Thousand.