Top Ships Inc. (TOPS) Stock: Why It’s Declining In Value


Top Ships Inc. (TOPS) is trending down in the market today. The company, one that is focused in the service sector, is presently trading at $0.86 after falling 1.78% so far today. When it comes to service companies, there are several aspects that have the ability to lead to declines in the market. News is one of the most common reasons for movement. Here are the recent headlines 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, any time investors are making a decision to invest, investors should focus on far more than news, especially in the ever complex service space. Here’s what’s going on with Top Ships Inc..

Recent Movement Out of TOPS

While a move down in a single session, like the move that we’re seeing from Top Ships Inc. may lead to fear in some investors, a single session move by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It is always important to look into trends just a single trading session. When it comes to TOPS, below are the returns that we have seen:

  • Past 5 Trading Sessions – In the last five trading sessions, TOPS has seen a price change that amounts to 5.48%.
  • Past Month – The return from Top Ships Inc. over the past 30 days comes to 0.80%.
  • Past Three Months – Throughout the last three months, the stock has produced a ROI of -2.82%
  • Past 6 Months – In the past 6 months, investors have seen a change that equates to -20.65% from the company.
  • This Year So Far – Since the open of this year TOPS has generated a return of 5.08%.
  • Full Year – Lastly, over the past full year, investors have seen a change that works out to -50.61% out of TOPS. Over this period, the stock has sold at a high of -69.55% and a low price of 25.35%.

Important Ratios

Looking at a few key ratios associated with a stock can provide prospective traders an understanding of just how dangerous and/or rewarding a an investment option might be. Below are some of the key ratios to think about when looking at TOPS.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is headed for declines. In general, strong service stocks can come with a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the sector. Nonetheless, with regard to Top Ships Inc., the stock’s short ratio comes to 0.72.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure whether or not a company can pay its debts when they mature with only current assets or quick assets. come with strong quick and current ratios. As it relates to TOPS, the quick and current ratios total up to 0.10 and 0.20 respectively.  

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

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the price of shares. As it relates to TOPS, the cash to share value ratio comes to 0.02.

Is Big Money Interested In Top Ships Inc.

One thing I have come to understand so far in my brief period on Earth is that good investors tend to follow the moves made by big money players. That is to say, investors that are trying to keep their investments relatively safe will keep their eyes on moves made by institutional investors and insiders. With that said, how does the big money flow when it comes to TOPS? Here’s what’s going on:

  • Institutional Investors – Currently, institutional investors own 0.90% of TOPS. However, it is important to note that institutional ownership has moved in the amount of 341.02% throughout the past 3 months.
  • Insiders – with regard to insiders, those close to the situation currently hold 0.47% of Top Ships Inc.. Their ownership of the company has seen a move of 0.00% in the past 3 months.

How Analysts Feel About Top Ships Inc.

While it’s rarely a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their opinions when validating your own thoughts before making investment decisions in the service space. Below are the most recent moves that we’ve seen from analysts with regard to TOPS.

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Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, TOPS has generated revenue in the amount of $4.60% with earnings coming in at -52.96%. On a quarter over quarter basis, earnings have seen movement of -100.00% and revenue has seen movement of 69.80%.

Float Information

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 25.29M shares of Top Ships Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, TOPS has a float of 23.21M.

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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