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Thursday, October 22, 2020

The Unprecedented Rise of Top Ships Inc. (NASDAQ:TOPS)

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Top Ships Inc. (TOPS) shares are trading at higher $1.25 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $120.00 and the low is $0.95. Over the last 52 weeks, TOPS is down -98.44% while the S&P 500 is up 18.28%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

TOPS booked profit margins of -34.40%, its Return on Equity (ROE) is -23.00%, and its Return on Assets is -6.10%. All told, it is clear that, TOPS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TOPS has a short ratio of 0.45 and outstanding shares of 39.83M.

Company Outlook

TOPS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.62 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -114.05. Top Ships Inc. TOPS also noted assets of $430.65 million at the end of the last quarter. Investors should also keep an eye on sector updates as TOPS has historically followed its peers on positive news.

All told, Top Ships Inc. TOPS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TOPS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Top Ships Inc. TOPS is now commanding a market cap of 47.40M and a float of 33.49M. TOPS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TOPS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in TOPS, either long or short, and we have not been compensated for this article.

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