Why did TOP Ships stock drop so much?
The fact is that penny stocks are often trading a low share price for a reason. In the case of TOP Ships, it's because the company has struggled operationally and has been diluting the daylights out of its shareholders to keep its business afloat.Jul 20, 2020
Will TOPS stock rise again?
Given the current short-term trend, the stock is expected to rise 3.21% during the next 3 months and, with a 90% probability hold a price between $0.78 and $1.57 at the end of this 3-month period.
WHAT WAS TOP Ships highest stock price?
TOP Ships - Stock Price History | TOPS The latest closing stock price for TOP Ships as of April 25, 2022 is 0.80. 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 221.3% above the current share price.
How much was TOP Ships worth in 2004?
(NASDAQ:TOPS) has the dubious distinction of being the worst performing stock while still maintaining a listing on a major U.S. exchange that I have ever seen. 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.May 12, 2020
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 +1,190.32% increase from the last price of 0.78.
How many ships does TOP Ships have?
Today its fleet consists of about 100 vessels and the company has offices in six countries.
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.
How many shares does tops ships have?
Share StatisticsAvg Vol (3 month) 3890.49kShares Outstanding 539.83MImplied Shares Outstanding 6N/AFloat 839.73M% Held by Insiders 10.25%7 more rows
Why was top ship so high?
Instead, the reason for the increase to Top Ships (NASDAQ:TOPS) stock likely has to do with a change in position from the U.S. government. The Trump Administration has announced that the U.S. is planning to leave the Universal Postal Union. The Universal Postal Union is a treaty that has been in place for 144 years.Oct 22, 2018
Is Castor maritime shorted?
Castor Maritime currently has a short interest ratio of 1.0. Learn More on Castor Maritime's short interest ratio.
What is the point of a reverse stock split?
A reverse stock split is a measure taken by companies to reduce their number of outstanding shares in the market. Existing shares are consolidated into fewer, proportionally more valuable, shares, resulting in a boost to the company's stock price.
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."
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. Nonetheless, we believe that we’ve found the reason for the declines.
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What does "hold" mean on Top Ships?
A hold rating indicates that analysts believe investors should maintain any existing positions they have in TOPS, but not buy additional shares or sell existing shares.
When is the 1-25 reverse split?
The 1-25 reverse split was announced on Friday, August 7th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Friday, August 7th 2020. An investor that had 100 shares of Top Ships stock prior to the reverse split would have 4 shares after the split.
Referenced Symbols
TOP Ships Inc. shares TOPS, +0.91% 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.
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.
Is TOPS Series E convertible?
In April 2019, TOPS issued Series E convertible stock to Family Trading Inc., a company related to CEO Evangelos Pistiolis, for the settlement of debt. The preferred shares are convertible into common shares at 80% of the lowest daily 20-day VWAP with a supposed floor at $0.60. However, as evidenced by the reverse split since then, this $0.60 floor is not subject to reverse splits. It's essentially a floorless convertible as reverse splits can be voted on and passed on a whim.
