TOP Ships Announces Management Estimate of Net Asset Value of 285 Million, Net Asset Value per Share of 14.02 and Diluted Net Asset Value per Share of 4.97
| TOPS Stock | USD 6.73 0.60 9.79% |
Slightly above 58% of all TOP Ships' private investors are looking to take a long position. The current sentiment of investing in TOP Ships suggests that some traders are interested. TOP Ships' investing sentiment can be driven by a variety of factors including economic data, TOP Ships' earnings reports, geopolitical events, and overall market trends.
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ATHENS, Greece, Aug. 04, 2023 TOP Ships Inc. , an international owner and operator of modern, fuel efficient ECO tanker vessels, announced today that following the release of the Companys financial results for the period ended June 30, 2023 the management estimates the companys Net Asset Value , as of June 30, 2023 to be 285.3 million. This translates into an NAV of 14.02 per common share based on number of common shar
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TOP Ships Investor Sentiment by Other News Outlets
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TOP Ships Fundamental Analysis
We analyze TOP Ships' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TOP Ships using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TOP Ships based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Book Value Per Share
Book Value Per Share Comparative Analysis
TOP Ships is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
TOP Ships Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TOP Ships stock to make a market-neutral strategy. Peer analysis of TOP Ships could also be used in its relative valuation, which is a method of valuing TOP Ships by comparing valuation metrics with similar companies.
Peers
TOP Ships Related Equities
| GLBS | Globus Maritime | 8.20 | ||||
| KNOP | KNOT Offshore | 5.43 | ||||
| CTRM | Castor Maritime | 4.00 | ||||
| TORO | Toro | 1.72 | ||||
| CLCO | Cool | 0.36 | ||||
| DSX | Diana Shipping | 0.51 | ||||
| USEA | United Maritime | 2.27 | ||||
| PXS | Pyxis Tankers | 2.36 | ||||
| SHIP | Seanergy Maritime | 2.41 | ||||
| PSHG | Performance Shipping | 2.63 | ||||
| SB | Safe Bulkers | 3.28 | ||||
| ESEA | Euroseas | 3.67 |
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.