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Top Ships Inc. (TOPS)

Energy | Oil & Gas Midstream | Athens, Greece | NYSE American
0.46 USD -0.02 (-3.289%) ⇩ (Oct. 13, 2026, 3:46 p.m. EDT)

Short-term:⯪☆☆☆☆Long-term:⯪☆☆☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 6:51 a.m. EDT

The immediate outlook is severely bearish as the stock trades at pennies, having collapsed from a high of $7.40 to under half a dollar, with recent price action showing a relentless slide from $0.87 down to $0.50 over the past two weeks. Fundamentally, the business is in distress with negative earnings growth of nearly 63%, shrinking revenues, and a precarious balance sheet where debt is nearly 28 times equity and free cash flow is negative. While management is attempting to pivot by selling assets like the megayacht to redeploy capital into tankers, the market has already priced in this deterioration, evidenced by the massive drop in share price and the company's decision to cancel a planned public offering. There is no dividend to provide income, and the lack of analyst coverage suggests a lack of institutional confidence. The statistical forecast offers no help, predicting a negligible 0.48% move with low confidence, which is irrelevant given the structural damage to the company's fundamentals.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.067451
AutoARIMA0.067451
MSTL0.068046
AutoTheta0.177719

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 38%
H-stat 1.08
Ljung-Box p 0.000
Jarque-Bera p 0.426
Excess Kurtosis 0.39
Attribute Value
Sector Energy
Ex Dividend Date 2006-04-11
Last Dividend Date 2006-04-11
Debt to Equity Ratio 281.292
Revenue per Share 12.013
Market Cap 3,537,226
Forward P/E 0.21
Beta 2.25
Profit Margins 3.23%
Website https://www.topships.org

Dividend Data

Dividend History
Date Dividend Yield %
2006-04-12 1.134000e+14 25.799793
2006-03-28 2.268000e+14 36.523009
2006-01-12 9.525600e+12 1.677316
2005-10-12 9.525600e+12 1.483051
2005-07-13 1.134000e+13 1.517911
2005-07-05 9.525600e+12 1.334180
2005-03-29 9.525600e+12 1.189802
2004-12-20 9.525600e+12 1.105263
Additional Data
dividendYield 0.0
exDividendDate 2006-04-12
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 113399996000000.0
lastDividendDate 2006-04-12
dividendDate 2020-08-10

Info Dump

Attribute Value
52 Week Change -0.91504425
Address1 20 Iouliou Kaisara Str
Address2 Paiania
All Time High 1,094,990,370,000,000.0
All Time Low 0.45
Ask 0.4747
Ask Size 200
Average Daily Volume10 Day 1,928,400
Average Daily Volume3 Month 3,235,704
Average Volume 3,235,704
Average Volume10Days 1,928,400
Beta 2.246
Bid 0.46
Bid Size 1,600
Book Value 10.071
City Athens
Country Greece
Crypto Tradeable 0
Currency USD
Current Price 0.4646
Current Ratio 0.475
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 0.4848
Day Low 0.4573
Debt To Equity 281.292
Display Name Top Ships
Dividend Date 1,597,017,600
Dividend Yield 0.0
Earnings Growth -0.629
Earnings Quarterly Growth -0.143
Earnings Timestamp End 1,754,915,400
Earnings Timestamp Start 1,754,569,800
Ebitda 30,107,000
Ebitda Margins 0.48498002
Enterprise To Ebitda 8.944
Enterprise To Revenue 4.338
Enterprise Value 269,285,504
Eps Forward 2.19
Eps Trailing Twelve Months -0.35
Esg Populated 0
Ex Dividend Date 1,144,800,000
Exchange ASE
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 0.7172
Fifty Day Average Change -0.25259998
Fifty Day Average Change Percent -0.352203
Fifty Two Week Change Percent -91.504425
Fifty Two Week High 7.4
Fifty Two Week High Change -6.9354
Fifty Two Week High Change Percent -0.9372162
Fifty Two Week Low 0.45
Fifty Two Week Low Change 0.014600009
Fifty Two Week Low Change Percent 0.032444466
Fifty Two Week Range 0.45 - 7.4
Financial Currency USD
First Trade Date Milliseconds 1,091,453,400,000
Float Shares 4,242,083
Forward Eps 2.19
Forward P E 0.21214612
Free Cashflow -67,123,000
Full Exchange Name NYSE American
Fullday Change -0.0158
Fullday Change Percent -3.2889256
Fullday Price 0.4646
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.65148
Gross Profits 40,443,000
Has Pre Post Market Data 1
Held Percent Insiders 0.44282
Held Percent Institutions 0.03452
Implied Shares Outstanding 7,613,488
Industry Oil & Gas Midstream
Industry Disp Oil & Gas Midstream
Industry Key oil-gas-midstream
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,144,800,000
Last Dividend Value 113,399,996,000,000.0
Last Fiscal Year End 1,767,139,200
Last Split Date 1,695,945,600
Last Split Factor 1:12
Long Business Summary Top Ships Inc. owns and operates tanker vessels in Greece and internationally. The company transports crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2025, it had a fleet with a total capacity of 857,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, one 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was incorporated in 2000 and is based in Athens, Greece.
Long Name Top Ships Inc.
Market us_market
Market Cap 3,537,226
Market State REGULAR
Max Age 86,400
Message Board Id finmb_10698536
Most Recent Quarter 1,782,777,600
Net Income To Common -622,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 6,623,734
Open 0.479
Operating Cashflow 18,264,000
Operating Margins 0.45602
Payout Ratio 0.0
Phone 30 210 81 28 107
Previous Close 0.4804
Price Hint 4
Price To Book 0.04613246
Price To Sales Trailing12 Months 0.05697943
Profit Margins 0.03233
Quick Ratio 0.432
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0158
Regular Market Change Percent -3.2889256
Regular Market Day High 0.4848
Regular Market Day Low 0.4573
Regular Market Day Range 0.4573 - 0.4848
Regular Market Open 0.479
Regular Market Previous Close 0.4804
Regular Market Price 0.4646
Regular Market Time 1,791,920,768
Regular Market Volume 354,101
Return On Assets 0.03073
Return On Equity 0.01825
Revenue Growth -0.419
Revenue Per Share 12.013
Sand P52 Week Change 0.17502642
Sector Energy
Sector Disp Energy
Sector Key energy
Shares Outstanding 7,613,488
Shares Percent Shares Out 0.0402
Shares Short 306,212
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 316,989
Short Name TOP Ships, Inc.
Short Percent Of Float 0.0654
Short Ratio 0.04
Source Interval 15
Symbol TOPS
Total Cash 11,447,000
Total Cash Per Share 1.504
Total Debt 260,974,000
Total Revenue 62,079,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.35
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 2.3057
Two Hundred Day Average Change -1.8411001
Two Hundred Day Average Change Percent -0.7984994
Type Disp Equity
Volume 354,101
Website https://www.topships.org
Zip 19,002