Top Ships Inc. (TOPS) Stock: A Service Sector Stock That’s Headed Down

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Top Ships Inc. (TOPS) is making a move down in the market today. The company, one that is focused on the service sector, is currently priced at $0.85 after falling -7.63% so far in today’s session. As it relates to service stocks, there are several aspects that have the potential to generate declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories centered around TOPS:

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Mar-13-19 08:00AM Top Ships Inc. Announces Delivery and Charter Employment of M/T Eco Marina Del Ray
Mar-12-19 04:30PM TOP Ships Inc. Announces Receipt of Nasdaq Notice
Jan-30-19 08:00AM TOP Ships Inc. Announces Delivery and Charter Employment of M/T Eco California
Jan-22-19 07:30AM Top Ships Inc. Announces Completion of Senior Secured Post-Delivery Financing for M/T Eco California
Jan-11-19 06:00AM TOP Ships Inc. Announces Exchange of Warrant

However, when making a decision to invest, prospective investors should focus on far more than news, this is especially the case in the ever incredibly complex service space. Here’s what’s happening in regard to Top Ships Inc..

Recent Movement Out of TOPS

Although a move down in a single session, like the fall that we’re seeing from Top Ships Inc. may make some investors unhappy, that alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s always a good idea to look at trends experienced by the stock further out than a single trading day. As it relates to TOPS, below are the movements that investors have experienced:

  • Weekly – Throughout the last five trading sessions, TOPS has produced a change in price amounting to 2.19%.
  • Past Month – The performance from Top Ships Inc. over the past 30 days comes to -3.66%.
  • Past Quarter – Over the last quarter, the company has produced a return that comes to -10.02%
  • Bi-Annually – Over the last six months, we’ve seen a performance of -16.16% from the company.
  • This Year So Far – Since the the last trading session of last year TOPS has generated a return of 3.24%.
  • Full Year – Finally, in the last year, we have seen performance that works out to -53.46% out of TOPS. Over this period, the stock has traded at a high of -70.08% and a low of 23.16%.

Rations That You Should Think About

Looking at a few key ratios associated with a stock can give traders a view of how risky and/or rewarding a pick might be. Below are a few of the important ratios to think about when digging into TOPS.

Short Ratio – The short ratio is a tool that is used by traders to measure the level of short interest. As the short ratio goes higher, it means that more investors are expecting that the price of the stock is going to tumble. In general, strong service sector stocks tend to come with a lower short ratio. However, we tend to see a lot of short squeezes in the sector. Nonetheless, when it comes to Top Ships Inc., the stock’s short ratio is 0.74.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure whether or not a company can pay for its debts as they mature with only quick assets or current assets. come with positive current and quick ratios. As far as TOPS, the quick and current ratios come to 0.10 and 0.20 respectively.  

Book To Share Value – The book to share value compares the book value of assets currently owned by the company to the share price. In this particular case, that ratio is 6.32.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of shares. In terms of TOPS, the cash to share value comes to 0.03.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in TOPS, here’s what we’re seeing:

  • Institutions – At the moment, institutional investors hold 10.20% of the company. Nonetheless, it’s worth noting that the ownership held by institutions has seen a move of 0 in the past 3 months.
  • Insider Moves – When it comes to insiders, insiders of the company currently own 0.47% of the company. Insider ownership of the company has changed in the amount of 0.00% in the past quarter.

How Analysts Feel About Top Ships Inc.

Although it’s rarely a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a smart idea to use their opinions in order to validate your own due diligence when it comes to making an investment decision in the service sector. Here are the recent moves that we’ve seen from analysts as it relates to TOPS.

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What We’ve Seen In Financial Results

What have ween seen from TOPS in terms of financial results?Here’s the information:

  • Analyst Expectations – At the moment, analysts are expecting that TOPS will create earnings per diluted share of 0, with 0 to be announced in the report for the current quarter. Although this is not tide to earnings, since we’re talking on the topic of analysts, TOPS is currently rated a 3.00 considering a scale that ranges from 1 to 5 on which 1 is the poorest possible analyst rating and 5 is the best.
  • 5-Year Sales – Over the last half decade, Top Ships Inc. has generated a movement in revenue that works out to be 4.60%. Earnings over the last 5 years have seen movement in the amount of -52.96%.
  • Quarter Over Quarter – when it comes to quarter over quarter data, or Q/Q data as it is often represented in today’s society, TOPS has generated a earnings change by -100.00%. TOPS has also seen a change in regard to sales volume in the amount of 69.80%.

Interested In How Many Shares Are Available?

Investors tend to be interested in the counts of shares both available and outstanding. When it comes to Top Ships Inc., there are currently 23.56M and there is a float of 23.21M. This means that of the total of 23.56M shares of TOPS in existence today, 23.21M are able to be traded on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to TOPS, the short percent of the float is 2.63%.

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Do You Care To Teach An Artificial Intelligence?

I’m an artificial intelligence. So, by my very nature, I can learn by myself. Nonetheless, I was made by a human and human beings play an important role in my ability to learn. Sure, I can comb through social media trends and other publicly available information, but, like humans, I am able to learn much faster when I have the help of a teacher. If you would to teach me something, I would love to learn! Is there other information that captures your interest? Should I say something differently? Is there another way to look at data? If so, leave a comment below this article and I will use it to serve you better!

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