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Top Ships Inc
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PenkeI guess you are interested in Top Ships Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Top Ships Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Top Ships Inc (30 sec.)










What can you expect buying and holding a share of Top Ships Inc? (30 sec.)

How much money do you get?

How much money do you get?
$5.19
When do you have the money?
1 year
How often do you get paid?
50.0%

What is your share worth?

Current worth
$19.14
Expected worth in 1 year
$15.09
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
$1.14
Return On Investment
8.1%

For what price can you sell your share?

Current Price per Share
$14.05
Expected price per share
$12.00 - $18.97
How sure are you?
50%

1. Valuation of Top Ships Inc (5 min.)




Live pricePrice per Share (EOD)

$14.05

Intrinsic Value Per Share

$-250.82 - $187.28

Total Value Per Share

$-231.68 - $206.42

2. Growth of Top Ships Inc (5 min.)




Is Top Ships Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$197m$93.2m$103.8m52.7%

How much money is Top Ships Inc making?

Current yearPrevious yearGrowGrow %
Making money$40.8m$16.4m$24.3m59.7%
Net Profit Margin50.7%29.3%--

How much money comes from the company's main activities?

3. Financial Health of Top Ships Inc (5 min.)




4. Comparing to competitors in the Marine Shipping industry (5 min.)




  Industry Rankings (Marine Shipping)  


Richest
#122 / 195

Most Revenue
#104 / 195

Most Profit
#60 / 195

What can you expect buying and holding a share of Top Ships Inc? (5 min.)

Welcome investor! Top Ships Inc's management wants to use your money to grow the business. In return you get a share of Top Ships Inc.

What can you expect buying and holding a share of Top Ships Inc?

First you should know what it really means to hold a share of Top Ships Inc. And how you can make/lose money.

Speculation

The Price per Share of Top Ships Inc is $14.05. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Top Ships Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Top Ships Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $19.14. Based on the TTM, the Book Value Change Per Share is $-1.01 per quarter. Based on the YOY, the Book Value Change Per Share is $-8.86 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $1.30 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Top Ships Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-0.89-6.4%-0.89-6.4%1.178.3%-3.01-21.4%-1.89-13.5%
Usd Book Value Change Per Share-1.01-7.2%-1.01-7.2%-8.86-63.1%-0.81-5.8%1.6311.6%
Usd Dividend Per Share1.309.2%1.309.2%0.382.7%14.44102.8%7.2251.4%
Usd Total Gains Per Share0.282.0%0.282.0%-8.48-60.3%13.6397.0%8.8563.0%
Usd Price Per Share1.27-1.27-0.84-0.99-0.55-
Price to Earnings Ratio-1.42--1.42-0.72--0.27--0.38-
Price-to-Total Gains Ratio4.46-4.46--0.10-0.26-0.14-
Price to Book Ratio0.07-0.07-0.04-0.04-0.03-
Price-to-Total Gains Ratio4.46-4.46--0.10-0.26-0.14-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share14.05
Number of shares71
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share1.3014.44
Usd Book Value Change Per Share-1.01-0.81
Usd Total Gains Per Share0.2813.63
Gains per Quarter (71 shares)20.20968.02
Gains per Year (71 shares)80.823,872.09
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1368-288714102-2303862
2737-5751528204-4607734
31105-86323312306-69011606
41474-115131416409-92015478
51842-143839520511-115019350
62211-172647624613-138023222
72579-201455728715-161027094
82948-230163832817-184130966
93316-258971936919-207134838
103685-287780041022-230138710

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%1.02.00.033.3%1.04.00.020.0%3.07.00.030.0%10.011.00.047.6%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%6.04.00.060.0%13.08.00.061.9%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.05.050.0%13.00.08.061.9%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%7.03.00.070.0%16.05.00.076.2%

Fundamentals of Top Ships Inc

About 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, 2022, 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 Founded in 2000 and is based in Maroussi, Greece.

Fundamental data was last updated by Penke on 2024-03-22 05:47:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Top Ships Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Top Ships Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Top Ships Inc to the Marine Shipping industry mean.
  • A Net Profit Margin of 50.7% means that $0.51 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Top Ships Inc:

  • The MRQ is 50.7%. The company is making a huge profit. +2
  • The TTM is 50.7%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ50.7%TTM50.7%0.0%
TTM50.7%YOY29.3%+21.4%
TTM50.7%5Y-14.4%+65.1%
5Y-14.4%10Y-14.5%+0.1%
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ50.7%12.9%+37.8%
TTM50.7%13.6%+37.1%
YOY29.3%16.6%+12.7%
5Y-14.4%10.7%-25.1%
10Y-14.5%8.4%-22.9%
1.1.2. Return on Assets

Shows how efficient Top Ships Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Top Ships Inc to the Marine Shipping industry mean.
  • 8.7% Return on Assets means that Top Ships Inc generated $0.09 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Top Ships Inc:

  • The MRQ is 8.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 8.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ8.7%TTM8.7%0.0%
TTM8.7%YOY5.0%+3.7%
TTM8.7%5Y-2.7%+11.4%
5Y-2.7%10Y-3.2%+0.6%
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ8.7%1.3%+7.4%
TTM8.7%1.6%+7.1%
YOY5.0%2.1%+2.9%
5Y-2.7%1.4%-4.1%
10Y-3.2%1.1%-4.3%
1.1.3. Return on Equity

Shows how efficient Top Ships Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Top Ships Inc to the Marine Shipping industry mean.
  • 20.8% Return on Equity means Top Ships Inc generated $0.21 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Top Ships Inc:

  • The MRQ is 20.8%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 20.8%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ20.8%TTM20.8%0.0%
TTM20.8%YOY17.7%+3.1%
TTM20.8%5Y-7.4%+28.2%
5Y-7.4%10Y-8.1%+0.7%
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ20.8%2.6%+18.2%
TTM20.8%2.8%+18.0%
YOY17.7%4.5%+13.2%
5Y-7.4%2.9%-10.3%
10Y-8.1%2.4%-10.5%

1.2. Operating Efficiency of Top Ships Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Top Ships Inc is operating .

  • Measures how much profit Top Ships Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Top Ships Inc to the Marine Shipping industry mean.
  • An Operating Margin of 14.1% means the company generated $0.14  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Top Ships Inc:

  • The MRQ is 14.1%. The company is operating less efficient.
  • The TTM is 14.1%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ14.1%TTM14.1%0.0%
TTM14.1%YOY1.9%+12.2%
TTM14.1%5Y10.1%+4.0%
5Y10.1%10Y3.1%+7.0%
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ14.1%19.5%-5.4%
TTM14.1%10.7%+3.4%
YOY1.9%18.8%-16.9%
5Y10.1%13.9%-3.8%
10Y3.1%11.1%-8.0%
1.2.2. Operating Ratio

Measures how efficient Top Ships Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Marine Shipping industry mean).
  • An Operation Ratio of 0.60 means that the operating costs are $0.60 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Top Ships Inc:

  • The MRQ is 0.597. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.597. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.597TTM0.5970.000
TTM0.597YOY0.717-0.120
TTM0.5975Y0.797-0.201
5Y0.79710Y0.889-0.092
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5971.385-0.788
TTM0.5971.333-0.736
YOY0.7171.317-0.600
5Y0.7971.356-0.559
10Y0.8891.176-0.287

1.3. Liquidity of Top Ships Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Top Ships Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Marine Shipping industry mean).
  • A Current Ratio of 0.76 means the company has $0.76 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Top Ships Inc:

  • The MRQ is 0.761. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.761. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.761TTM0.7610.000
TTM0.761YOY0.703+0.058
TTM0.7615Y0.811-0.050
5Y0.81110Y0.688+0.123
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7611.439-0.678
TTM0.7611.465-0.704
YOY0.7031.413-0.710
5Y0.8111.346-0.535
10Y0.6881.285-0.597
1.3.2. Quick Ratio

Measures if Top Ships Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Top Ships Inc to the Marine Shipping industry mean.
  • A Quick Ratio of 0.64 means the company can pay off $0.64 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Top Ships Inc:

  • The MRQ is 0.638. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.638. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.638TTM0.6380.000
TTM0.638YOY0.023+0.615
TTM0.6385Y0.496+0.141
5Y0.49610Y0.497-0.001
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6380.671-0.033
TTM0.6380.728-0.090
YOY0.0230.865-0.842
5Y0.4960.849-0.353
10Y0.4970.852-0.355

1.4. Solvency of Top Ships Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Top Ships Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Top Ships Inc to Marine Shipping industry mean.
  • A Debt to Asset Ratio of 0.58 means that Top Ships Inc assets are financed with 58.0% credit (debt) and the remaining percentage (100% - 58.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Top Ships Inc:

  • The MRQ is 0.580. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.580. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.580TTM0.5800.000
TTM0.580YOY0.718-0.138
TTM0.5805Y0.640-0.060
5Y0.64010Y0.584+0.056
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5800.416+0.164
TTM0.5800.433+0.147
YOY0.7180.451+0.267
5Y0.6400.478+0.162
10Y0.5840.488+0.096
1.4.2. Debt to Equity Ratio

Measures if Top Ships Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Top Ships Inc to the Marine Shipping industry mean.
  • A Debt to Equity ratio of 138.2% means that company has $1.38 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Top Ships Inc:

  • The MRQ is 1.382. The company is able to pay all its debts with equity. +1
  • The TTM is 1.382. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.382TTM1.3820.000
TTM1.382YOY2.548-1.166
TTM1.3825Y1.960-0.578
5Y1.96010Y1.575+0.385
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3820.739+0.643
TTM1.3820.798+0.584
YOY2.5480.851+1.697
5Y1.9601.050+0.910
10Y1.5751.146+0.429

2. Market Valuation of Top Ships Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Top Ships Inc generates.

  • Above 15 is considered overpriced but always compare Top Ships Inc to the Marine Shipping industry mean.
  • A PE ratio of -1.42 means the investor is paying $-1.42 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Top Ships Inc:

  • The EOD is -15.744. Based on the earnings, the company is expensive. -2
  • The MRQ is -1.423. Based on the earnings, the company is expensive. -2
  • The TTM is -1.423. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-15.744MRQ-1.423-14.321
MRQ-1.423TTM-1.4230.000
TTM-1.423YOY0.716-2.139
TTM-1.4235Y-0.273-1.151
5Y-0.27310Y-0.377+0.104
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
EOD-15.7448.196-23.940
MRQ-1.4238.189-9.612
TTM-1.4236.331-7.754
YOY0.7165.048-4.332
5Y-0.2739.193-9.466
10Y-0.37711.129-11.506
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Top Ships Inc:

  • The EOD is -0.789. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -0.071. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -0.071. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.789MRQ-0.071-0.718
MRQ-0.071TTM-0.0710.000
TTM-0.071YOY-0.039-0.032
TTM-0.0715Y-0.048-0.023
5Y-0.04810Y-0.029-0.018
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
EOD-0.7894.353-5.142
MRQ-0.0714.269-4.340
TTM-0.0713.074-3.145
YOY-0.0392.850-2.889
5Y-0.0482.120-2.168
10Y-0.0291.388-1.417
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Top Ships Inc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Marine Shipping industry mean).
  • A PB ratio of 0.07 means the investor is paying $0.07 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Top Ships Inc:

  • The EOD is 0.734. Based on the equity, the company is cheap. +2
  • The MRQ is 0.066. Based on the equity, the company is cheap. +2
  • The TTM is 0.066. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.734MRQ0.066+0.668
MRQ0.066TTM0.0660.000
TTM0.066YOY0.041+0.025
TTM0.0665Y0.044+0.022
5Y0.04410Y0.027+0.018
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
EOD0.7340.940-0.206
MRQ0.0660.907-0.841
TTM0.0660.903-0.837
YOY0.0410.985-0.944
5Y0.0440.957-0.913
10Y0.0271.062-1.035
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Top Ships Inc.

3.1. Institutions holding Top Ships Inc

Institutions are holding 5.673% of the shares of Top Ships Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Dimensional Fund Advisors, Inc.0.36030.000116669166690
2023-12-31JPMorgan Chase & Co0.0417019301672648.062
2023-12-31Tower Research Capital LLC0.01890.0002875792954.2169
2023-12-31Advisor Group Holdings, Inc.0.00010440
2023-09-30Cetera Advisors LLC000-2018-100
2023-09-30UBS Group AG000-1041-100
2023-09-30Morgan Stanley - Brokerage Accounts000-1250-100
2023-09-30Moors & Cabot Inc000-833-100
2023-09-30GSA Capital Partners LLP000-2035-100
2023-09-30Virtu Financial LLC000-1276-100
2023-09-30XTX Topco Ltd000-2997-100
2023-09-30Salem Investment Counselors Inc00000
2023-09-30TWO SIGMA SECURITIES, LLC000-1817-100
2023-09-30HRT FINANCIAL LLC000-6381-100
Total 0.4210.000319478-511-2.6%

3.2. Funds holding Top Ships Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-06-30Orobal Gestión SICAV0.01080.07596000170.2841
2024-02-29Dimensional US Targeted Value ETF0.1080.0007499500
2024-01-31DFA US Micro Cap I0.10280.001475600
2024-02-29Dimensional US Small Cap Value ETF0.08310.002384400
2024-01-31Fidelity Nasdaq Composite Index0.03730.0002172400
2024-01-31DFA US Targeted Value I0.03570.0002165000
2024-01-31DFA US Core Equity 2 I0.03080.0001142400
Total 0.40850.080124393+17+0.1%

3.3. Insider Transactions

Insiders are holding 74.804% of the shares of Top Ships Inc.

DateOwnerTypeAmountPricePost Transaction AmountLink
2016-08-31Ronin Capital, LlcSELL359003.89102850
2016-08-26Ronin Capital, LlcSELL563814.7220000
2016-08-24Ronin Capital, LlcSELL1383663.5282900

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Top Ships Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---1.013-1.0130%-8.862+775%-0.810-20%1.631-162%
Book Value Per Share--19.13819.1380%20.151-5%22.741-16%16.688+15%
Current Ratio--0.7610.7610%0.703+8%0.811-6%0.688+11%
Debt To Asset Ratio--0.5800.5800%0.718-19%0.640-9%0.584-1%
Debt To Equity Ratio--1.3821.3820%2.548-46%1.960-29%1.575-12%
Dividend Per Share--1.2981.2980%0.385+237%14.444-91%7.222-82%
Eps---0.892-0.8920%1.166-177%-3.010+237%-1.893+112%
Free Cash Flow Per Share---17.804-17.8040%-21.498+21%-23.496+32%-16.552-7%
Free Cash Flow To Equity Per Share---5.428-5.4280%-12.066+122%-16.663+207%-9.906+82%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--187.281--------
Intrinsic Value_10Y_min---250.821--------
Intrinsic Value_1Y_max---8.958--------
Intrinsic Value_1Y_min---24.154--------
Intrinsic Value_3Y_max---5.785--------
Intrinsic Value_3Y_min---73.851--------
Intrinsic Value_5Y_max--22.861--------
Intrinsic Value_5Y_min---124.569--------
Market Cap64998110.000+80%13074530.62013074530.6200%3862877.000+238%6008778.968+118%3264011.828+301%
Net Profit Margin--0.5070.5070%0.293+73%-0.144+128%-0.145+129%
Operating Margin--0.1410.1410%0.019+635%0.101+39%0.031+358%
Operating Ratio--0.5970.5970%0.717-17%0.797-25%0.889-33%
Pb Ratio0.734+91%0.0660.0660%0.041+60%0.044+50%0.027+150%
Pe Ratio-15.744-1006%-1.423-1.4230%0.716-299%-0.273-81%-0.377-74%
Price Per Share14.050+91%1.2701.2700%0.835+52%0.988+29%0.550+131%
Price To Free Cash Flow Ratio-0.789-1006%-0.071-0.0710%-0.039-46%-0.048-33%-0.029-59%
Price To Total Gains Ratio49.373+91%4.4634.4630%-0.099+102%0.261+1610%0.141+3064%
Quick Ratio--0.6380.6380%0.023+2691%0.496+28%0.497+28%
Return On Assets--0.0870.0870%0.050+75%-0.027+131%-0.032+137%
Return On Equity--0.2080.2080%0.177+17%-0.074+136%-0.081+139%
Total Gains Per Share--0.2850.2850%-8.477+3079%13.634-98%8.853-97%
Usd Book Value--197023000.000197023000.0000%93222000.000+111%126900200.000+55%88051400.000+124%
Usd Book Value Change Per Share---1.013-1.0130%-8.862+775%-0.810-20%1.631-162%
Usd Book Value Per Share--19.13819.1380%20.151-5%22.741-16%16.688+15%
Usd Dividend Per Share--1.2981.2980%0.385+237%14.444-91%7.222-82%
Usd Eps---0.892-0.8920%1.166-177%-3.010+237%-1.893+112%
Usd Free Cash Flow---183295000.000-183295000.0000%-99452000.000-46%-128881000.000-30%-86665800.000-53%
Usd Free Cash Flow Per Share---17.804-17.8040%-21.498+21%-23.496+32%-16.552-7%
Usd Free Cash Flow To Equity Per Share---5.428-5.4280%-12.066+122%-16.663+207%-9.906+82%
Usd Market Cap64998110.000+80%13074530.62013074530.6200%3862877.000+238%6008778.968+118%3264011.828+301%
Usd Price Per Share14.050+91%1.2701.2700%0.835+52%0.988+29%0.550+131%
Usd Profit--40890000.00040890000.0000%16498000.000+148%-6327400.000+115%-5667200.000+114%
Usd Revenue--80656000.00080656000.0000%56367000.000+43%60876200.000+32%40892800.000+97%
Usd Total Gains Per Share--0.2850.2850%-8.477+3079%13.634-98%8.853-97%
 EOD+6 -2MRQTTM+0 -0YOY+28 -75Y+23 -1210Y+24 -11

4.2. Fundamental Score

Let's check the fundamental score of Top Ships Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-15.744
Price to Book Ratio (EOD)Between0-10.734
Net Profit Margin (MRQ)Greater than00.507
Operating Margin (MRQ)Greater than00.141
Quick Ratio (MRQ)Greater than10.638
Current Ratio (MRQ)Greater than10.761
Debt to Asset Ratio (MRQ)Less than10.580
Debt to Equity Ratio (MRQ)Less than11.382
Return on Equity (MRQ)Greater than0.150.208
Return on Assets (MRQ)Greater than0.050.087
Total6/10 (60.0%)

4.3. Technical Score

Let's check the technical score of Top Ships Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.743
Ma 20Greater thanMa 5013.678
Ma 50Greater thanMa 10013.816
Ma 100Greater thanMa 20013.231
OpenGreater thanClose13.450
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets469,337
Total Liabilities272,314
Total Stockholder Equity197,023
 As reported
Total Liabilities 272,314
Total Stockholder Equity+ 197,023
Total Assets = 469,337

Assets

Total Assets469,337
Total Current Assets24,544
Long-term Assets444,793
Total Current Assets
Cash And Cash Equivalents 20,544
Net Receivables 8
Other Current Assets 4,000
Total Current Assets  (as reported)24,544
Total Current Assets  (calculated)24,552
+/- 8
Long-term Assets
Property Plant Equipment 417,767
Long Term Investments 22,173
Other Assets 4,853
Long-term Assets  (as reported)444,793
Long-term Assets  (calculated)444,793
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities32,235
Long-term Liabilities272,314
Total Stockholder Equity197,023
Total Current Liabilities
Short-term Debt 20,954
Short Long Term Debt 12,344
Accounts payable 1,953
Other Current Liabilities 2,298
Total Current Liabilities  (as reported)32,235
Total Current Liabilities  (calculated)37,549
+/- 5,314
Long-term Liabilities
Long term Debt 233,714
Capital Lease Obligations Min Short Term Debt2,994
Other Liabilities 14,652
Long-term Liabilities Other 14,652
Long-term Liabilities  (as reported)272,314
Long-term Liabilities  (calculated)266,012
+/- 6,302
Total Stockholder Equity
Common Stock103
Retained Earnings -317,806
Other Stockholders Equity 428,374
Total Stockholder Equity (as reported)197,023
Total Stockholder Equity (calculated)110,671
+/- 86,352
Other
Capital Stock86,455
Cash and Short Term Investments 20,544
Common Stock Shares Outstanding 10,295
Current Deferred Revenue7,030
Liabilities and Stockholders Equity 469,337
Net Debt 258,072
Net Invested Capital 430,737
Net Tangible Assets 110,672
Net Working Capital -9,343
Property Plant and Equipment Gross 417,767
Short Long Term Debt Total 278,616



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-31
> Total Assets 
0
33,649
55,911
539,886
980,897
522,735
776,917
698,375
675,930
622,091
296,373
211,415
27,868
75,575
75,330
143,317
220,448
258,488
444,890
293,032
330,788
469,337
469,337330,788293,032444,890258,488220,448143,31775,33075,57527,868211,415296,373622,091675,930698,375776,917522,735980,897539,88655,91133,6490
   > Total Current Assets 
0
845
4,862
141,051
67,574
72,799
102,161
57,088
3,787
622,091
14,866
26,735
10,262
1,227
5,269
127
30,838
5,288
50,742
45,086
75,334
24,544
24,54475,33445,08650,7425,28830,8381275,2691,22710,26226,73514,866622,0913,78757,088102,16172,79967,574141,0514,8628450
       Cash And Cash Equivalents 
0
94
2,343
114,768
17,462
29,992
26,012
46,242
0
0
0
164
9,706
0
2,668
127
24,081
57
4,412
19,328
2,370
20,544
20,5442,37019,3284,4125724,0811272,66809,70616400046,24226,01229,99217,462114,7682,343940
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,257
1,283
0
82
0
0
0
0008201,2831,257000000000000000
       Net Receivables 
0
129
818
20,190
39,527
27,187
15,184
4,208
328
2,370
2,745
1,458
481
211
107
169
773
1,232
642
24,340
76
8
87624,3406421,2327731691072114811,4582,7452,3703284,20815,18427,18739,52720,1908181290
       Other Current Assets 
0
278
1,065
98
258
247
47,427
949
183
604,447
10,418
25,200
75
399
110
15
17
3,412
44,840
904
72,217
4,000
4,00072,21790444,8403,41217151103997525,20010,418604,44718394947,427247258981,0652780
   > Long-term Assets 
0
32,804
51,049
398,835
913,323
449,936
674,756
641,287
675,930
618,671
281,507
184,680
17,606
74,348
70,061
143,190
189,610
253,200
394,148
247,946
255,454
444,793
444,793255,454247,946394,148253,200189,610143,19070,06174,34817,606184,680281,507618,671675,930641,287674,756449,936913,323398,83551,04932,8040
       Property Plant Equipment 
0
32,128
48,074
382,087
887,882
338,296
625,628
414,515
642,953
600,484
268,180
179,143
15,867
73,976
58,475
126,170
154,935
220,048
366,842
213,716
224,977
417,767
417,767224,977213,716366,842220,048154,935126,17058,47573,97615,867179,143268,180600,484642,953414,515625,628338,296887,882382,08748,07432,1280
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
300
17,738
22,063
19,306
28,230
24,477
22,173
22,17324,47728,23019,30622,06317,738300000000000000000
       Other Assets 
0
676
2,975
42,398
25,441
81,850
26,500
52,575
-3,787
-618,671
11,486
5,537
1,739
372
35,360
11,145
17,284
48,680
20,241
37,654
36,579
4,853
4,85336,57937,65420,24148,68017,28411,14535,3603721,7395,53711,486-618,671-3,78752,57526,50081,85025,44142,3982,9756760
> Total Liabilities 
0
24,877
39,592
218,077
611,239
324,880
565,509
406,324
428,734
366,609
219,689
198,336
13,073
33,046
41,177
96,055
113,174
154,207
339,133
158,814
237,566
272,314
272,314237,566158,814339,133154,207113,17496,05541,17733,04613,073198,336219,689366,609428,734406,324565,509324,880611,239218,07739,59224,8770
   > Total Current Liabilities 
0
4,427
9,066
42,811
78,594
40,609
153,290
386,934
412,890
366,609
219,689
193,630
8,605
9,334
18,274
20,033
25,581
36,819
75,417
25,414
107,088
32,235
32,235107,08825,41475,41736,81925,58120,03318,2749,3348,605193,630219,689366,609412,890386,934153,29040,60978,59442,8119,0664,4270
       Short-term Debt 
0
2,600
4,085
19,540
45,329
16,588
85,437
358,917
399,087
337,377
173,980
172,619
0
1,412
5,863
12,080
19,691
23,626
46,885
14,612
70,222
20,954
20,95470,22214,61246,88523,62619,69112,0805,8631,4120172,619173,980337,377399,087358,91785,43716,58845,32919,5404,0852,6000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
1,412
1,914
12,080
19,691
23,626
46,885
5,324
60,407
12,344
12,34460,4075,32446,88523,62619,69112,0801,9141,4120000000000000
       Accounts payable 
0
1,144
3,027
13,412
12,405
14,991
21,341
8,968
3,942
4,542
8,156
3,732
2,082
2,193
4,940
1,902
2,799
4,098
4,460
2,544
2,308
1,953
1,9532,3082,5444,4604,0982,7991,9024,9402,1932,0823,7328,1564,5423,9428,96821,34114,99112,40513,4123,0271,1440
       Other Current Liabilities 
0
683
799
248
5,112
7,354
40,062
12,435
4,286
19,611
35,481
14,620
6,523
5,729
7,471
4,073
2,105
1,915
20,735
6,184
30,900
2,298
2,29830,9006,18420,7351,9152,1054,0737,4715,7296,52314,62035,48119,6114,28612,43540,0627,3545,1122487996830
   > Long-term Liabilities 
0
20,450
30,526
175,266
532,645
284,271
412,219
19,390
15,844
0
0
4,706
4,468
23,712
22,903
96,055
113,174
117,388
263,716
133,400
130,478
272,314
272,314130,478133,400263,716117,388113,17496,05522,90323,7124,4684,7060015,84419,390412,219284,271532,645175,26630,52620,4500
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
18,007
19,060
72,459
84,258
117,029
262,122
0
0
0
000262,122117,02984,25872,45919,06018,0070000000000000
       Other Liabilities 
0
0
0
0
13,871
82,807
80,823
19,390
0
0
0
4,706
562
2,599
3,216
3,563
3,335
359
609
300
225
14,652
14,6522253006093593,3353,5633,2162,5995624,70600019,39080,82382,80713,8710000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
208
0
0
6,934
0
0
0
0
0
000006,934002080000000000000
> Total Stockholder Equity
0
8,772
16,319
321,809
369,658
197,855
211,408
292,051
247,196
255,482
76,684
13,079
14,795
42,529
34,153
47,262
107,274
104,281
105,757
134,218
93,222
197,023
197,02393,222134,218105,757104,281107,27447,26234,15342,52914,79513,07976,684255,482247,196292,051211,408197,855369,658321,80916,3198,7720
   Common Stock
0
60
60
278
280
324
205
283
311
322
171
172
174
190
21
57
89
230
87
398
398
103
1033983988723089572119017417217132231128320532428027860600
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 
0
-4,268
-7,872
-248
98
-6
4
24
88
37
37
37
0
-757
-548
-4,015
1,185
-16,149
-1,361
-10,053
0
0
00-10,053-1,361-16,1491,185-4,015-548-757037373788244-698-248-7,872-4,2680
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
318,125
318,425
328,705
402,644
411,829
411,499
0
0
0
000411,499411,829402,644328,705318,425318,1250000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
0
6,867
13,351
294,240
297,716
116,755
216,150
271,056
276,305
282,118
292,583
292,961
293,304
318,125
318,425
330,446
402,644
411,829
411,499
465,672
429,577
428,374
428,374429,577465,672411,499411,829402,644330,446318,425318,125293,304292,961292,583282,118276,305271,056216,150116,755297,716294,24013,3516,8670



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue80,656
Cost of Revenue-44,405
Gross Profit36,25136,251
 
Operating Income (+$)
Gross Profit36,251
Operating Expense-3,710
Operating Income11,37132,541
 
Operating Expense (+$)
Research Development0
Selling General Administrative1,617
Selling And Marketing Expenses0
Operating Expense3,7101,617
 
Net Interest Income (+$)
Interest Income48
Interest Expense-14,365
Other Finance Cost-0
Net Interest Income-14,317
 
Pretax Income (+$)
Operating Income11,371
Net Interest Income-14,317
Other Non-Operating Income Expenses0
Income Before Tax (EBT)18,9483,794
EBIT - interestExpense = -2,994
18,948
55,255
Interest Expense14,365
Earnings Before Interest and Taxes (EBIT)11,37133,313
Earnings Before Interest and Taxes (EBITDA)33,235
 
After tax Income (+$)
Income Before Tax18,948
Tax Provision-0
Net Income From Continuing Ops18,94818,948
Net Income40,890
Net Income Applicable To Common Shares-9,187
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses48,115
Total Other Income/Expenses Net7,57714,317
 

Technical Analysis of Top Ships Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Top Ships Inc. The general trend of Top Ships Inc is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Top Ships Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Top Ships Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 14.69 < 14.94 < 18.97.

The bearish price targets are: 12.95 > 12.95 > 12.00.

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Top Ships Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Top Ships Inc. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Top Ships Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Top Ships Inc. The current macd is -0.07682597.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Top Ships Inc price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Top Ships Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Top Ships Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Top Ships Inc Daily Moving Average Convergence/Divergence (MACD) ChartTop Ships Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Top Ships Inc. The current adx is 9.03863411.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Top Ships Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Top Ships Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Top Ships Inc. The current sar is 12.95.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Top Ships Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Top Ships Inc. The current rsi is 55.74. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Top Ships Inc Daily Relative Strength Index (RSI) ChartTop Ships Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Top Ships Inc. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Top Ships Inc price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Top Ships Inc Daily Stochastic Oscillator ChartTop Ships Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Top Ships Inc. The current cci is 76.87.

Top Ships Inc Daily Commodity Channel Index (CCI) ChartTop Ships Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Top Ships Inc. The current cmo is 23.30.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Top Ships Inc Daily Chande Momentum Oscillator (CMO) ChartTop Ships Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Top Ships Inc. The current willr is -36.73434175.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Top Ships Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Top Ships Inc Daily Williams %R ChartTop Ships Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Top Ships Inc.

Top Ships Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Top Ships Inc. The current atr is 0.55583174.

Top Ships Inc Daily Average True Range (ATR) ChartTop Ships Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Top Ships Inc. The current obv is 23,263,169.

Top Ships Inc Daily On-Balance Volume (OBV) ChartTop Ships Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Top Ships Inc. The current mfi is 56.16.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Top Ships Inc Daily Money Flow Index (MFI) ChartTop Ships Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Top Ships Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-10CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-24ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-29ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-01MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-11ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-14WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-10MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-22MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-25BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-30SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-01CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-23WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.

6.3. Candlestick Patterns

Top Ships Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Top Ships Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.743
Ma 20Greater thanMa 5013.678
Ma 50Greater thanMa 10013.816
Ma 100Greater thanMa 20013.231
OpenGreater thanClose13.450
Total3/5 (60.0%)
Penke

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