Top Ships Inc. (NASDAQ: TOPS) Has Not A Good News: Stock Could Fall Even -1036.36%

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Top Ships Inc. (NASDAQ:TOPS) price is hovering lower on Wednesday, December 29, dropping -4.35% below its previous close.

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A look at today’s price movement shows that the recent level at last check reads $0.92, with intraday deals fluctuating between $0.899 and $0.9525. The company’s 5Y monthly beta was ticking -0.11. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.89 and 52-week low of $0.88. The stock subtracted -19.71% on its value in the past month.

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Top Ships Inc., which has a market valuation of $36.26 million, is expected to release its quarterly earnings report Aug 09, 2021 – Aug 16, 2021. Analysts tracking TOPS have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0.31 for the year 2021 and up to -$0.01 for 2022. In this case, analysts estimate an annual EPS growth of 144.30% for the year and -103.20% for the next year.

Staying with the analyst view, there is a consensus estimate of $60.8 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 1.00% above that which the company brought in 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TOPS a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned TOPS a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Top Ships Inc. (TOPS) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that TOPS’s price is at present -10.89% off the SMA20 and -25.03% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 31.68, with weekly volatility standing at 5.41%. The indicator jumps to 6.88% when calculated based on the past 30 days. Top Ships Inc. (NASDAQ:TOPS)’s beta value is holding at -0.17, while the average true range (ATR) indicator is currently reading 0.06. Considering analysts have assigned the stock a price target range of $10.00-$10.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $10.00. Based on this estimate, we see that today’s price at last check is roughly -1036.36% off the estimated low and -1036.36% off the forecast high. Investors will no doubt be excited to see the share price fall to $10.00, which is the median consensus price, and at that level TOPS would be -1036.36% from recent price.

An analysis of the Top Ships Inc. (NASDAQ:TOPS) stock in terms of its daily trading volume indicates that the 3-month average is 710.02K. However, this figure increases on the past 10-day timeline to an average of 0.53 million.

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Current records show that the company has 39.83M in outstanding shares. The insiders’ percentage holdings are 0.25% of outstanding shares while the percentage share held by institutions stands at 1.10%. The stats also highlight that short interest as of Sep 14, 2021, stood at 3.08 million shares, which puts the short ratio at the time at 2.92. From this we can glean that short interest is 7.73% of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 2.96 million. But the -24.36% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.