Top Ships Stock Price on December 31, 2023

TOPS Stock  USD 7.84  0.16  2.08%   
Below is the normalized historical share price chart for TOP Ships extending back to July 23, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of TOP Ships stands at 7.84, as last reported on the 4th of December, with the highest price reaching 7.85 and the lowest price hitting 7.31 during the day.
IPO Date
23rd of July 2004
200 Day MA
10.8599
50 Day MA
8.431
Beta
1.74
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in TOP Stock, it is important to understand the factors that can impact its price. TOP Ships owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0292, which indicates the firm had a -0.0292% return per unit of standard deviation over the last 3 months. TOP Ships exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TOP Ships' risk adjusted performance of (0.05), and Variance of 5.93 to confirm the risk estimate we provide.
  
At this time, TOP Ships' Common Stock Shares Outstanding is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 376.1 K in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 298.6 M in 2024. . At this time, TOP Ships' Price To Sales Ratio is comparatively stable compared to the past year. Price To Free Cash Flows Ratio is likely to gain to 1.02 in 2024, whereas Price Book Value Ratio is likely to drop 0.15 in 2024. TOP Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0292

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Estimated Market Risk

 2.29
  actual daily
20
80% of assets are more volatile

Expected Return

 -0.07
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average TOP Ships is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of TOP Ships by adding TOP Ships to a well-diversified portfolio.
Price Book
0.2512
Enterprise Value Ebitda
11.3275
Price Sales
0.4233
Shares Float
959.9 K
Wall Street Target Price
29

TOP Ships Valuation on December 31, 2023

It is possible to determine the worth of TOP Ships on a given historical date. On December 31, 2023 TOP was worth 15.3 at the beginning of the trading date compared to the closed value of 15.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TOP Ships stock. Still, in general, we apply an absolute valuation method to find TOP Ships' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of TOP Ships where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TOP Ships' related companies.
 Open High Low Close Volume
  16.10    16.23    15.09    15.62    61,631  
12/29/2023
  15.30    15.92    15.26    15.62    25,192  
  15.62    15.70    15.34    15.61    19,106  
Backtest TOP Ships  |  TOP Ships History  |  TOP Ships Valuation   PreviousNext  
Open Value
15.3
15.62
Closing Value
22.17
Upside

TOP Ships Trading Date Momentum on December 31, 2023

On January 02 2024 TOP Ships was traded for  15.61  at the closing time. The top price for the day was 15.70  and the lowest listed price was  15.34 . The trading volume for the day was 19.1 K. The trading history from January 2, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.06% . The trading price change against the current closing price is 2.05% .

TOP Ships Fundamentals Correlations and Trends

By evaluating TOP Ships' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among TOP Ships' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TOP financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About TOP Ships Stock history

TOP Ships investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for TOP is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TOP Ships will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing TOP Ships stock prices may prove useful in developing a viable investing in TOP Ships
Last ReportedProjected for Next Year
Common Stock Shares Outstanding1.8 M1.9 M
Net Loss-8.3 M-7.9 M

TOP Ships Stock Technical Analysis

TOP Ships technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of TOP Ships technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of TOP Ships trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

TOP Ships Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

TOP Ships cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

TOP Ships December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how TOP Ships stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TOP Ships shares will generate the highest return on investment. By undertsting and applying TOP Ships stock market strength indicators, traders can identify TOP Ships entry and exit signals to maximize returns

TOP Ships Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for TOP Ships' price direction in advance. Along with the technical and fundamental analysis of TOP Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TOP to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for TOP Stock Analysis

When running TOP Ships' price analysis, check to measure TOP Ships' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TOP Ships is operating at the current time. Most of TOP Ships' value examination focuses on studying past and present price action to predict the probability of TOP Ships' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOP Ships' price. Additionally, you may evaluate how the addition of TOP Ships to your portfolios can decrease your overall portfolio volatility.