TOP Ships stock: buy or sell?

TOPS stock price: $0.32 -11.11% At close on February 27th, 2020

Updated on:
February 27th, 2020

0

TOP Ships shares collapsed -11.11% to $0.32 today. With Thursday it's been 5 red days in a row.

Top Ships Inc. provides seaborne transportation services worldwide. It owns and operates medium range tanker vessels that transport crude oil, petroleum products, and bulk liquid chemicals.

Should I buy TOP Ships stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with TOP Ships stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean TOPS will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is TOP Ships stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for TOPS stock for the last 30 days.

TOP Ships stock analysis

Daily outlook

TOP Ships collapsed a hair-raising -11.11% and closed at $0.32.

Shares of TOP Ships closed today at $0.32 and collapsed a hair-raising -11.11%.

TOPS stock chart (daily)

Weekly outlook

TOP Ships ended this week at $0.32 and plummed a scary -36.00%. This was the 3rd red week in a row, sliding in full a -55.22%.

After giving up the previous support, we should expect price will slide down to find new supports. Since price and 10-weeks moving average lines crossed down late January, TOPS fell $-0.63 per share (-66.32%).

TOPS stock chart (weekly)

TOP Ships stock price history

TOP Ships stock went public on July 12th, 2017 with a price of $3,360.001. Since then, TOPS stock declined a -100.00%, with a yearly average of -50.00%.

1: Adjusted price after possible price splits or reverse-splits.

TOP Ships stock historical price chart

TOPS stock reached 52-week highs on March at $19.20, and all-time highs 2017-07-24 with a price of 7920.

TOP Ships stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not detected any price forecast for TOP Ships stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report on March, TOP Ships . As soon as we get its posted EPS from the earnings report, we will update this review.
TOPS earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2016-Q42017-04-25n/an/an/a
2017-Q12017-07-04n/an/an/a
2017-Q2-n/an/an/a
2017-Q42018-03-13n/an/an/a
2018-Q12018-07-06n/an/an/a
2018-Q2-n/an/an/a
2018-Q3-n/an/an/a
2018-Q42019-03-08n/an/an/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, TOP Ships annual turnover raised a decent 4.28% to $41.05 M USD from $39.36 marked in 2017. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) jumped a 6.15% to -27.83%.

TOPS annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$20 M-$1.41 M7.0%-
2014$3.60 M-82.05%$2.90 M80.4%105.39%
2015$13 M262.99%$-17.01 M-130.1%-687.50%
2016$28 M117.46%$1.05 M3.7%-106.18%
2017$39 M38.44%$-13.38 M-34.0%-1,371.58%
2018$41 M4.28%$-11.43 M-27.8%-14.59%

Quarterly financial results

Reported quarter earnings marked $0.00 M with a profit margin of . Profit margin stayed steady a 0.00% compared to previous quarter when profit margin was nan%. When comparing revenues to same quarter last year, TOP Ships sales marked a tight move and stayed steady a nan%.
TOPS quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2

TOP Ships ownership

When you are planning to invest in a stock, it's always worth to check its ownership structure.

TOP Ships shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.48% of all shares.

In case of TOP Ships stock, 10.19% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for TOPS stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to TOP Ships:

TOPS
Market cap$3.1 M
Total shares9.7 M
Float shares1.1 M
  - Institutional holdings (%)10.2%
  - Insider holdings (%)1.5%
Shares in short selling0.0%

TOP Ships summary

Thursday, February 27th, 2020
Open$0.34
Close$0.32
Day range$0.30 - $0.34
Previous close$0.36
Session gain-11.11%
Average true range$0.07
50d mov avg$0.75
100d mov avg$1.41
200d mov avg$4.75
Daily patternlt06c
Weekly pattern lt02c

TOP Ships performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared TOP Ships against in the following table:
Stock3m6m12m
TOPSTOP Ships-58.44%-95.31%-98.12%

TOP Ships competitors

Unfortunately, we could not find any public company that could be defined as TOP Ships competitor. This doesn't mean TOP Ships does not have any competitor in the market, it's just we could not detected it.