The stock of Top Ships Inc. (NASDAQ:TOPS) last traded at $0.70, up 2.79% from the previous session.
Data from the available sources indicates that Top Ships Inc. (NASDAQ:TOPS) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $3.00, we find $3.00. Given the previous closing price of $0.68, this indicates a potential upside of 341.18 percent. TOPS stock price is now 2.26% away from the 50-day moving average and -59.98% away from the 200-day moving average. The market capitalization of the company currently stands at $14.02M.
In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
A total of 4.92% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TOPS stock. A new stake in Top Ships Inc. shares was purchased by CETERA ADVISORS LLC during the first quarter worth $11,000. MORGAN STANLEY invested $11,000 in shares of TOPS during the first quarter. In the first quarter, MOORS & CABOT, INC. acquired a new stake in Top Ships Inc. valued at approximately $7,000. UBS GROUP AG acquired a new stake in TOPS for approximately $3,000. In total, there are 12 active investors with 0.40% ownership of the company’s stock.
With an opening price of $0.6900 on Thursday morning, Top Ships Inc. (NASDAQ: TOPS) set off the trading day. During the past 12 months, Top Ships Inc. has had a low of $0.56 and a high of $11.60. As of last week, the company has a debt-to-equity ratio of 2.11, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for TOPS is $0.6838 and a two-hundred day moving average price translates $1.7400 for the stock.
The latest earnings results from Top Ships Inc. (NASDAQ: TOPS) was released for Dec, 2022. The net profit margin was -11.40% and return on equity was -9.10% for TOPS. For the current quarter, analysts expect TOPS to generate $82.9M in revenue.
Top Ships Inc.(TOPS) Company Profile
Top Ships Inc. owns and operates tanker vessels worldwide. The company’s medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2022, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was Founded in 2000 and is based in Maroussi, Greece.
