Top Ships Inc. (TOPS)
XASE:TOPS
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TOPS Stock Chart & Stats
$5.48
-$0.21(-2.98%)
At close: 4:00 PM EST
$5.48
-$0.21(-2.98%)
Day’s Range― - ―
52-Week Range$0.86 - $11.47
Previous CloseN/A
Volume7.75K
Average Volume (3M)7.55K
Market Cap
$8.29M
Enterprise Value$188.56M
Total Cash (Recent Filing)$20.37M
Total Debt (Recent Filing)$204.79M
Price to Earnings (P/E)1.6
Beta0.88
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding7,467,223
10 Day Avg. Volume8,016
30 Day Avg. Volume7,548
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.23
Price to Sales (P/S)0.26
P/FCF Ratio1.22
Enterprise Value/Market Cap22.75
Enterprise Value/Revenue2.34
Enterprise Value/Gross Profit3.99
Enterprise Value/Ebitda3.91
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Recent Cash GenerationTOPS’s recent recovery in cash generation, with $26.4M operating cash flow in 2025 and consecutive positive free cash flow, strengthens its ability to cover vessel operating needs, servicing and short-term capex. Durable cash inflows support integration of acquisitions and reduce reliance on immediate external funding despite past volatility.
Long-term Charter CoverageExtended time charter cover provides predictable revenue and utilization through 2028–2031, materially lowering short‑term freight exposure. This structural earnings visibility supports debt servicing plans, planning for fleet expansion and reduces revenue volatility versus pure spot-exposed peers over multi-year horizons.
Flexible Equity Funding FacilityThe $50M equity facility with B. Riley gives TOPS optional access to capital over three years, improving strategic flexibility to fund working capital, repay debt, or finance tanker builds without immediate issuance. Structural access to committed funding reduces near-term liquidity risk, although issuance is subject to caps and pricing constraints.
Bears Say
Elevated LeverageHigh net leverage materially weakens the balance sheet cushion and increases refinancing and interest‑rate risk. With debt more than double equity, the company has limited capacity to absorb shocks or finance aggressive growth internally, raising the probability of covenant pressure and constrained strategic options over the medium term.
Volatile And Weakening EarningsSignificant swings in net income and recent deceleration in revenue undermine retained earnings accumulation and planning certainty. Persistent earnings volatility limits the company’s ability to rebuild equity, increases the cost of capital, and hampers predictable dividend or investment policies over the coming quarters.
Related‑party And Non‑core ExposuresLarge related‑party transactions and a discounted option on substantial Dubai real estate create governance, concentration and geopolitical risk. Non‑core asset exposure can divert capital and management focus from core tanker operations and complicate liquidity and valuation in adverse regional conditions over the medium term.
Top Ships News
TOPS FAQ
What was Top Ships Inc.’s price range in the past 12 months?
Top Ships Inc. lowest stock price was $0.86 and its highest was $11.47 in the past 12 months.
What is Top Ships Inc.’s market cap?
Top Ships Inc.’s market cap is $8.29M.
When is Top Ships Inc.’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were Top Ships Inc.’s earnings last quarter?
Currently, no data Available
Is Top Ships Inc. overvalued?
According to Wall Street analysts Top Ships Inc.’s price is currently Overvalued.
Does Top Ships Inc. pay dividends?
Top Ships Inc. does not currently pay dividends.
What is Top Ships Inc.’s EPS estimate?
Top Ships Inc.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Top Ships Inc. have?
Top Ships Inc. has 7,467,223 shares outstanding.
What happened to Top Ships Inc.’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Top Ships Inc.?
Currently, no hedge funds are holding shares in TOPS
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Top Ships Inc.
Top Ships Inc. owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2020, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was incorporated in 2000 and is based in Maroussi, Greece.
Technical Analysis
Ownership Overview
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Insiders
0.10% Mutual Funds
0.01% Other Institutional Investors
99.82% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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