Top Ships (TOPS) Stock Price, News & Analysis

Company Overview

Top Ships Inc., incorporated in the Republic of the Marshall Islands and trading on NASDAQ under the symbol TOPS, is a global dry bulk shipping company. The firm specializes in the transportation of commodities such as iron ore, coal and grains and operates a fleet of Panamax, Kamsarmax and Capesize vessels. Through a mix of long-term time charters and spot charters, Top Ships serves a diversified customer base in the bulk shipping market.

Since its founding, Top Ships has pursued a strategy of fleet growth via acquisitions of second-hand vessels, aiming to capitalize on favorable market cycles. In April 2016, the company filed for Chapter 11 bankruptcy protection and successfully emerged later that year with a restructured balance sheet and reduced debt obligations. This financial reorganization allowed the business to refocus on chartering operations and pursue selective opportunities in the dry bulk segment.

Top Ships conducts its commercial operations worldwide, calling major ports in Europe, Asia, the Americas and other key regions for bulk cargo. Its management team brings together maritime professionals with expertise in vessel operations, chartering, finance and risk management. The board includes shipping industry veterans who oversee strategic decisions to optimize the deployment and utilization of the fleet.

Key Stats

• Today's Range: $5.40 to $5.51
• 50-Day Range: $5.40 to $6.45
• 52-Week Range: $5.00 to $11.47
• Volume: 3,050 shs
• Average Volume: 47,904 shs
• Market Capitalization: $25.14 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Top Ships Stock Analysis - MarketRank™

Top Ships scored higher than 13% of companies evaluated by MarketBeat, and ranked 128th out of 129 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Top Ships.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Top Ships has a P/B Ratio of 0.18. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.47% of the float of Top Ships has been sold short.

Short Interest Ratio / Days to Cover

Top Ships has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Top Ships has recently decreased by 0.82%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Top Ships does not currently pay a dividend.

Dividend Growth

Top Ships does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.47% of the float of Top Ships has been sold short.

Short Interest Ratio / Days to Cover

Top Ships has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Top Ships has recently decreased by 0.82%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 1.03

News Sentiment

Top Ships has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Top Ships this week, compared to 0 articles on an average week.

Search Interest

Only 1 people have searched for TOPS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Top Ships insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.30% of the stock of Top Ships is held by insiders.

Percentage Held by Institutions

Only 6.72% of the stock of Top Ships is held by institutions.

TOPS Stock Analysis - Frequently Asked Questions

How have TOPS shares performed this year?

Top Ships' stock was trading at $6.03 on January 1st, 2025. Since then, TOPS stock has decreased by 9.9% and is now trading at $5.4340.

When did Top Ships' stock split?

Top Ships shares reverse split on the morning of Friday, September 29th 2023.The 1-12 reverse split was announced on Friday, September 29th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Friday, September 29th 2023. An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split.

Who are Top Ships' major shareholders?

Top Ships' top institutional investors include Cetera Investment Advisers (0.33%).
View institutional ownership trends.

How do I buy shares of Top Ships?

Shares of TOPS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Top Ships own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Top Ships investors own include Sangamo Therapeutics (SGMO), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), GE Aerospace (GE), Tesla (TSLA) and Seanergy Maritime (SHIP).

Company Calendar

• Today: 9/13/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:TOPS
• CIK: 1296484
• Web: www.topships.org
• Phone: 302108128000
• Fax: 30 210 614 1273
• Employees: 150
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 1.78
• Current Ratio: 0.63
• Quick Ratio: 0.61

Sales & Book Value

• Annual Sales: $86.13 million
• Price / Sales: 0.29
• Cash Flow: $7.34 per share
• Price / Cash Flow: 0.74
• Book Value: $30.15 per share
• Price / Book: 0.18

Miscellaneous

• Outstanding Shares: 4,626,000
• Free Float: 4,612,000
• Market Cap: $25.14 million
• Optionable: Not Optionable
• Beta: 2.19