Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Top Ships Inc (NASDAQ: TOPS) fell significantly during the last several trading days. TOPS’ current Value Trend Rating is C and the prior Rating was A. Details supporting this lower rating are included in our next report.
Recent Price Action
Top Ships Inc (NASDAQ: TOPS) stock declined modestly by -1.4% on 4/12/24. The stock closed at $13.14. Moreover, above average trading volume at 141% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, TOPS is expected to be Value Creation neutral.
Top Ships has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Top Ships has a very low Appreciation Score of 0 but a very high Power Rating of 99, producing the Neutral Value Trend Rating.
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