TOPS has declined from approximately a $170,500,000,000 split-adjusted stock price back in 2004 to around $0.20 today. That's a 99.99999999988% decline. A constant stream of heavy dilution and corresponding reverse splits are the cause of this impressive drop.
Should I buy top ships stock?
Oct 23, 2018 · TOPS has been headed up for a couple of sessions now, topping off the gains with a 55.12% run in the market yesterday. The gains are not stock specific either. It …
What was top ships's all-time high closing price?
Aug 22, 2019 · SPX. -3.63%. TOP Ships Inc. shares TOPS, +2.57% fell 5.3% to $6.59, but this was after the price was adjusted following another reverse stock split. The Greece-based ship-owning company effected a ...
Is top ships'short interest increasing or decreasing?
Mar 31, 2020 · The stock fell 50.5% as trading volume ballooned to 120.8 million shares, already well above the full-day average of 29.5 million shares, and enough to make the stock the most actively traded on ...
What is top ships'stock symbol?
Apr 15, 2022 · Top Ships' stock was trading at $5.1225 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TOPS shares have decreased by 86.0% and is now trading at $0.7151.
WHAT WAS TOP Ships highest stock price?
Is TOPS ship a good stock to buy?
What is the future of TOP Ships?
Why did TOP Ships stock go so high?
Is ship stock a buy?
Will seanergy stock go up?
How many ships does TOP Ships have?
What stock has the highest forecast?
| Ticker | Company | Forecast ROA |
|---|---|---|
| SEDG | SOLAREDGE TECHNOLOGIES INC | 17.75% |
| GTLS | CHART INDUSTRIES INC | 14.36% |
| CNF | CNFINANCE HOLDINGS LTD | 42.10% |
| CLGN | COLLPLANT BIOTECHNOLOGIES LTD | 88.11% |
Can you buy stock while the market is closed?
How much was top ships worth in 2004?
Is Castor maritime shorted?
When did top ships go public?
Is Top Ships a buy right now?
1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Top Ships in the last twelve months. There are currently 1 hold r...
How has Top Ships' stock been impacted by Coronavirus?
Top Ships' stock was trading at $5.1225 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WH...
Are investors shorting Top Ships?
Top Ships saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 361,900 shares, a declin...
When is Top Ships' next earnings date?
Top Ships is scheduled to release its next quarterly earnings announcement on Friday, April 22nd 2022. View our earnings forecast for Top Ships .
When did Top Ships' stock split? How did Top Ships' stock split work?
Top Ships shares reverse split on the morning of Monday, August 10th 2020. The 1-25 reverse split was announced on Friday, August 7th 2020. The num...
Who are Top Ships' key executives?
Top Ships' management team includes the following people: Evangelos J. Pistiolis , President, Chief Executive Officer & Director Vangelis G. Ikon...
Who are some of Top Ships' key competitors?
Some companies that are related to Top Ships include Tsakos Energy Navigation (TNP) , Castor Maritime (CTRM) , Ardmore Shipping (ASC) , SEACOR...
What other stocks do shareholders of Top Ships own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Top Ships investors own include Seanergy Maritime (SHIP) ,...
What is Top Ships' stock symbol?
Top Ships trades on the NASDAQ under the ticker symbol "TOPS."
Is China cracking down on its own tech giants?
China is cracking down on its own tech giants, but Apple and the U.S. IPO market could pay the price. Here’s your chance to buy bank stocks before rising interest rates boost profits. A Tesla ‘death cross’ has appeared for the first time in more than 2 years.
How many reverse splits have there been since March 2008?
In total, there have been 10 reverse splits since March 2008 that have increased the stock price by a multiple of 7.56 billion. After adjusting for the splits, the price of the stock's record close on Nov. 26, 2004 has increased to $173,502,005,200.
Referenced Symbols
Shares of TOP Ships Inc. TOPS, -7.94% were cut in half on very heavy volume in morning trading Tuesday, after the Greece-based tanker vessel operator announced before the open the pricing of a large stock offering at a substantial discount.
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About the Author
Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
How many shares of TOPS did a billionaire own in 2004?
A hypothetical billionaire who owned 8 billion shares of TOPS back in 2004 is down to one share. In reality, the company didn't have that many shares outstanding at the time. All shareholders who held the stock since 2014 have been completely wiped out through reverse splits.
How many times does a common share float increase in eight months?
This is a mind boggling increase to the share float of more than 130 times in eight months. When common shares are treated as nothing more than currency, investors must completely ignore positive fundamentals, business objectives and future growth prospects.
How many reverse splits did Tops have in 2008?
From 2008 to 2020, TOPS had 11 reverse splits. If you had 189,000,000,000 shares in 2008, you would have 1 share in 2020 due to all these reverse splits. This looks rather shady. Reverse stock splits are a red flag; more so if there are many reverse splits.
What does it mean when a company has more volatility?
Whenever there is more volatility in a share, it means the company has problems with the fundamentals. There is something big foul in the company. This is the reason I always combine Fundamental with Technicals.
What happened
Shares of shipowner Top Ships Inc. (NASDAQ: TOPS) jumped as much as 30.9% Monday after a reverse split impacted trading. At 1:45 p.m. EDT, shares were still up 13.7% on the day.
So what
Last week, the company announced it didn't plan any more capital raises over the next 12 months and that CEO Evangelos Pistiolis wouldn't convert any of his 1.25 million warrants as part of a standstill agreement (which provides that he will not sell shares for the same 12-month duration).
Now what
No matter what the reaction is today, Top Ships stock isn't a good buy for investors. The company has a long history of reverse stock splits and destroying value for shareholders, and there's no indication the trend will end anytime soon. This is a stock I would stay far, far away from, especially after an up day like today.
