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.
What is happening with top ships stock?
Oct 23, 2018 · Why TOPS Is Falling. As mentioned above, Top Ships is having a relatively rough start to the trading session, but the company has released no news.
What is the highest and lowest stock price for top ships?
This is due to reverse stock splits. 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. A company that does lots of reverse splits is one that you should avoid.
What happened to Greece's ship-owning company?
TOPS raises money by issuing new shares which dilutes existing shares and makes them worth less. It's basically in a downward trajectory that is happening as part of some scheme to make an intermediary rich. Read this for some related news as the same player is doing the same thing to another shipping company.
How many reverse splits has tops had from 2008 to 2020?
Apr 06, 2022 · The TOP Ships Inc. stock price gained 1.85% on the last trading day (Wednesday, 6th Apr 2022), rising from $0.98 to $1.00.During the day the stock fluctuated 6.18% from a day low at $0.96 to a day high of $1.02.The price has fallen in 6 of the last 10 days and is down by -7.57% for this period. Volume fell on the last day by -431 thousand shares and in total, 392 …
Is TOPS ships a good investment?
The company has all new ships and is well capitalized. They are making good money on long term contracts. Investors are nervous because of the past dilution but the company looks fully capitalized and now has a ton of debt at negative real interest rates. That means that tops is actually making about 5% on its debt!
Why is TOPS stock down?
This is due to reverse stock splits. 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.
WHAT WAS TOP Ships highest stock price?
TOP Ships - Stock Price History | TOPS The latest closing stock price for TOP Ships as of April 19, 2022 is 0.97. The all-time high TOP Ships stock closing price was 4336963821802.30 on November 26, 2004. The TOP Ships 52-week high stock price is 2.57, which is 164.9% above the current share price.
How many ships does TOP Ships have?
Today its fleet consists of about 100 vessels and the company has offices in six countries.
Is ship stock a buy?
The consensus among 1 Wall Street analyst covering (NASDAQ: SHIP) stock is to Strong Buy SHIP stock.
Will seanergy stock go up?
Stock Price Forecast The 4 analysts offering 12-month price forecasts for Seanergy Maritime Holdings Corp have a median target of 1.93, with a high estimate of 2.25 and a low estimate of 1.40. The median estimate represents a +64.53% increase from the last price of 1.17.
How many vessels TOPS have?
Our strategy is to grow the company's fleet via acquisitions of newbuilding, resale or secondhand vessels of superior ECO design. Our 10 vessel fleet average age is 1,5 years old. One of the youngest Tanker fleets in the world.
What does top ship Inc do?
Top Ships Inc is a Greece-based international provider of worldwide oil, petroleum products and chemicals transportation services. The Company owns and operates eco medium range (MR) tanker vessels focusing on the transportation of crude oil, petroleum products (clean and dirty) and bulk liquid chemicals.
Who owns TOPS ships?
Top 10 Owners of Top Ships IncStockholderStakeShares ownedRenaissance Technologies LLC0.87%347,685Virtu Financial BD LLC0.34%136,496Cetera Advisors LLC0.24%95,557Geode Capital Management LLC0.10%40,1676 more rows
What is the world's biggest shipping company?
Mediterranean Shipping CompanyList of largest container shipping companiesRankCompany nameShips1Mediterranean Shipping Company6632Maersk7293CMA CGM5784COSCO47426 more rows
What is the future for top ships?
The 1 analysts offering 12-month price forecasts for Top Ships Inc have a median target of 10.00, with a high estimate of 10.00 and a low estimate of 10.00. The median estimate represents a +986.96% increase from the last price of 0.92.
Signals & Forecast
Mostly positive signals in the chart today. The TOP Ships Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Support, Risk & Stop-loss
TOP Ships Inc. finds support from accumulated volume at $1.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is TOP Ships Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Referenced Symbols
TOP Ships Inc. shares TOPS, +1.74% 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 one-for-20 reverse stock split Tuesday, which in effect lifted the stock's Wednesday closing price to $6.96 from about 35 cents.
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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.
