In the last trading session, 1,370,807 Top Ships Inc. (NASDAQ:TOPS) shares changed hands as the company’s beta touched 0.08. With the company’s per share price at $1.67 changed hands at -$0.11 or -0.06% during last session, the market valuation stood at $66.52 Million. TOPS’s last price was a discount, traded about -184.43% off its 52-week high of $4.75. The share price had its 52-week low at $0.95, which suggests the last value was 43.11% up since then. When we look at Top Ships Inc.’s average trading volume, we note the 10-day average is 1.34 Million shares, with the 3-month average coming to 2.07 Million.
Analysts gave the Top Ships Inc. (TOPS) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended TOPS as a Hold, none felt it is a Buy and none rated the stock as Underweight. Top Ships Inc.’s EPS for the current quarter is expected to be $0.
Top Ships Inc. (NASDAQ:TOPS) trade information
Although TOPS has turned red as seen at the end of in last trading. With action -6.18%, the performance over the past five days has been red. The jump to weekly highs of $1.92 on Monday, Jun 14 added 13.02% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.38%, with the 5-day performance at -0.12% in the red. However, in the 30-day time frame, Top Ships Inc. (NASDAQ:TOPS) is 0.11% up. Looking at the short shares, we see there were 3.52 Million shares sold at short interest cover period of 1.7 days.
The consensus price target for the stock as assigned by Wall Street analysts is $10, meaning bulls need an upside of 498.8% from its current market value. According to analyst projections, TOPS’s forecast low is $10 with $10 as the target high. To hit the forecast high, the stock’s price needs a +498.8% upsurge from its current level, while the stock would need to tank 498.8% for it to hit the projected low.
Top Ships Inc. (TOPS) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -52.96%. The 2021 estimates are for Top Ships Inc. earnings to increase by 99.5%, but the outlook for the next 5-year period is at 0% per year.
Top Ships Inc. (NASDAQ:TOPS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0% of Top Ships Inc. shares while 1.3% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.3%. There are 14 institutions holding the Top Ships Inc. stock share, with Dimensional Fund Advisors LP the top institutional holder. As of Mar 30, 2021, the company held 0.38% of the shares, roughly 152.09 Thousand TOPS shares worth $287.44 Thousand.
Virtu Financial LLC holds the second largest percentage of outstanding shares, with 0.27% or 107.81 Thousand shares worth $203.77 Thousand as of Mar 30, 2021.
Among Mutual Funds, the top two as of Apr 29, 2021 were DFA U.S. Small Cap Series and Fidelity NASDAQ Composite Index Fund. With 82350 shares estimated at $138.35 Thousand under it, the former controlled 0.21% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.08% of the shares, roughly 32.23 Thousand shares worth around $60.91 Thousand.