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Wednesday, September 27, 2023

Investing In Top Ships Inc. (NASDAQ: TOPS): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Top Ships Inc. (TOPS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0188, or -2.51%, to $0.7311. The Top Ships Inc. has recorded 3,061 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed TOP Ships Announces Management Estimate of Net Asset Value of $285 Million, Net Asset Value per Share of $14.02 and Diluted Net Asset Value per Share of $4.97.

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Stocks Info

The company is listed on the NASDAQ and operates within the Marine Shipping industry segment. At the end of the last regular session, the stock closed at $0.75 and fluctuated between $0.7695 as its day high and $0.7300 as its day low. The current market capitalization of Top Ships Inc. is $15.30M. A total of 0.2 million shares were traded on the day, compared to an average of 554.39K shares.

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It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TOPS in the last 3 months, the mean price target is $3.00 with high estimates of $3.00 and low estimates of $3.00. In terms of 52-week highs and lows, TOPS has a high of $11.60 and a low of $0.56.

As of this writing, TOPS has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TOPS’s latest balance sheet shows that the firm has $2.37M in Cash & Short Term Investments as of fiscal 2021. There were $184.33M in debt and $107.09M in liabilities at the time. Its Book Value Per Share was $7.06, while its Total Shareholder’s Equity was $93.22M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TOPS is Buy with a score of 5.00.

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