TOP Ships Inc. (NASDAQ:TOPS) : A Birds Eye View on Fundamental Trends

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How far has the stock of Top Ships Inc. (NASDAQ:TOPS) come to trade at their current price of $0.39, which gives it a market cap of $0.88M.

To trade now at $0.39, the stock has emerged from a 52-week low of $-4.88%. But the current price also compares with the 52-week peak of $-99.77%.

The Barchart Technical Opinion rating is a 80% Sell with a Weakest short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend. The market is in highly oversold territory. Beware of a trend reversal.

Recently, Top Ships Inc. (NASDAQ:TOPS) announced that it has agreed to enter into a Note Purchase Agreement (the “Purchase Agreement”) with Xanthe Holdings Ltd. (“Xanthe”), an unaffiliated party, pursuant to which the Company will issue an unsecured promissory note in the original principal amount of $5,000,000 (the “Promissory Note”) to Xanthe. Proceeds from the note will be used by the Company for general corporate purposes including further asset acquisitions.

The stock’s journey to the current price can be understood by looking at its performance from the last week down to the 12 months. The stock’s weekly performance stands at -43.07% and its monthly performance is -95.08%. For the quarter, the stock has moved -99.18% and for half-year it has shifted -99.43%. So far this year the stock has moved -99.25% and for the last 12 months it has moved -99.13%.

Studying simple moving averages also tell the stock’s journey thus far. The 20-Day Simple Moving Average is $-86.05%, the 50-Day Simple Moving Average is $-96.76%, while the 200-Day Simple Moving Average is $-99.18%.

In terms of financial performance, Top Ships Inc. reported gross margin of 97.40% for the trailing 12 months and operating margin of 16.90% for the same period. Net profit margin was booked at -1.20%. With that, Top Ships Inc. posted EPS of $-1.08.

EPS growth this year is expected to be 97.90% and Forward P/E is calculated to -.

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