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Top Ships Inc. (NASDAQ:TOPS) price on Friday, Jun 04, dropped 0% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.63.

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A look at the stock’s price movement, the close in the last trading session was $1.63, moving within a range at $1.6000 and $1.6700. The beta value (5-Year monthly) was 0.11 while the PE ratio in trailing twelve months stood at 0. Turning to its 52-week performance, $7.41 and $0.95 were the 52-week high and 52-week low respectively. Overall, TOPS moved -2.4% over the past month.

Top Ships Inc.’s market cap currently stands at around $61.57 Million, with investors looking forward to this quarter’s earnings report slated for Aug 09, 2021- Aug 16, 2021. The company has a Forward Dividend ratio of 0, with its dividend yield at 0%. As such, investors might be keen on a downside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0, which has seen fiscal year 2021 EPS growth forecast to increase to $0.18 and about -$0.01 for fiscal year 2022. Per the data, EPS growth is expected to be -1.26% for 2021 and -1.06% for the next financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that TOPS is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.

1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, none recommend TOPS as a Buy and none give it an Outperform rating. Meanwhile, none analyst(s) rate the stock as Underperform and none say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 0, with TOPS’s current price about 6.09% and -1.7% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.94, while 7-day volatility ratio is 8.16% and 7.17% in the 30-day chart. Further, Top Ships Inc. (TOPS) has a beta value of 0.11, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is 513.5% off current price level while to achieve the yearly target high, price needs to move +513.5%. Nonetheless, investors will most likely welcome a +513.5% jump to $10 which is the analysts’ median price.

In the market, a comparison of Top Ships Inc. (TOPS) and its peers suggest the former has performed considerably weaker. Data shows TOPS’s intraday price has changed 0% in last session and -57.11% over the past year. Comparatively, Kirby Corp (KEX) has moved +2.21% on the day and only +22.75% in the past 12 months. Looking at another peer, we see that Euronav NV (EURN) price has dipped -0.1% on the day. However, the stock is -3.44% off its price a year ago. Moreover, Star Bulk Carriers (SBLK) is also down 0% in trading on the day while keeping a downtrend of -57.11% over the past year. If we look at the PE ratio, we find that Top Ships Inc.’s ratio stands at 0 compared to Kirby Corp’s 57.23 and Euronav NV’s 4.24. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.88% and 0.52% respectively in the last trading.

If we refocus on Top Ships Inc. (NASDAQ:TOPS), historical trading data shows that trading volumes averaged 1.24 Million over the past 10 days and 2.35 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 39.83 Million shares.

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As per Thomson Reuters, 0% of Top Ships Inc.’s shares are in the hands of company insiders while institutional holders own 0.5% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.26 Million on April 14, 2021, giving us a short ratio of 1.55. The data shows that as of April 14, 2021 short interest in Top Ships Inc. (TOPS) stood at 8.19% of shares outstanding, with shares short rising to 1.98 Million registered in March. Current price change has pushed the stock +34.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TOPS stock continues to rise going into the next quarter.