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TOPS
Upturn stock ratingUpturn stock rating

TOP Ships Inc. (TOPS)

Upturn stock ratingUpturn stock rating
$6.08
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

08/14/2025: TOPS (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

1 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $29

1 Year Target Price $29

Analysts Price Target For last 52 week
$29 Target price
52w Low $5
Current$6.08
52w High $11.47

Analysis of Past Performance

Type Stock
Historic Profit -41.45%
Avg. Invested days 23
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 28.13M USD
Price to earnings Ratio 5.58
1Y Target Price 29
Price to earnings Ratio 5.58
1Y Target Price 29
Volume (30-day avg) 1
Beta 1.9
52 Weeks Range 5.00 - 11.47
Updated Date 08/15/2025
52 Weeks Range 5.00 - 11.47
Updated Date 08/15/2025
Dividends yield (FY) -
Basic EPS (TTM) 1.09

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 5.85%
Operating Margin (TTM) 30.92%

Management Effectiveness

Return on Assets (TTM) 3.96%
Return on Equity (TTM) 3.07%

Valuation

Trailing PE 5.58
Forward PE -
Enterprise Value 286114277
Price to Sales(TTM) 0.33
Enterprise Value 286114277
Price to Sales(TTM) 0.33
Enterprise Value to Revenue 3.32
Enterprise Value to EBITDA 5.72
Shares Outstanding 4626200
Shares Floating 1011796
Shares Outstanding 4626200
Shares Floating 1011796
Percent Insiders 72.89
Percent Institutions 6.69

ai summary icon Upturn AI SWOT

TOP Ships Inc.

stock logo

Company Overview

overview logo History and Background

TOP Ships Inc. is a Greek-based international owner and operator of tanker vessels. Founded to transport crude oil and petroleum products worldwide, the company has navigated the cyclical nature of the shipping industry, adapting its fleet and strategies to maintain profitability and growth.

business area logo Core Business Areas

  • Crude Oil Tankers: Transportation of crude oil across global routes, catering to major oil companies and traders.
  • Product Tankers: Shipping of refined petroleum products such as gasoline, diesel, and jet fuel to various destinations.

leadership logo Leadership and Structure

The leadership team consists of key executives responsible for strategic direction, financial management, and operational efficiency. The organizational structure is designed to facilitate effective fleet management and customer service.

Top Products and Market Share

overview logo Key Offerings

  • Crude Oil Transportation: Transportation of crude oil using a fleet of modern tanker vessels. Market share is variable and dependent on fleet size and spot market rates. Competitors include DHT Holdings (DHT), Euronav (EURN), and Frontline (FRO).
  • Refined Product Transportation: Transportation of refined petroleum products. Market share is variable and dependent on fleet size and spot market rates. Competitors include Scorpio Tankers (STNG), Ardmore Shipping Corporation (ASC), and Torm (TRMD).

Market Dynamics

industry overview logo Industry Overview

The tanker industry is highly cyclical, influenced by global oil supply and demand, geopolitical events, and fleet capacity. Factors such as OPEC production decisions, refinery output, and trade routes significantly impact shipping rates and profitability.

Positioning

TOP Ships Inc. operates in the spot market and time charter market, adapting its strategy based on prevailing market conditions. Competitive advantages include modern fleet and operational efficiency.

Total Addressable Market (TAM)

The global tanker shipping market is estimated at hundreds of billions of USD annually. TOP Ships Inc.'s positioning is dependent on how many vessels it owns, how much charter revenue it generates and what the utilization rates are for the vessels.

Upturn SWOT Analysis

Strengths

  • Modern fleet
  • Experienced management team
  • Strategic location in Greece
  • Focus on operational efficiency

Weaknesses

  • High debt levels
  • Small fleet size compared to major competitors
  • Exposure to volatile spot market rates
  • History of dilution

Opportunities

  • Increasing global oil demand
  • Scrapping of older vessels
  • Expansion into new markets
  • Adoption of new technologies

Threats

  • Cyclical nature of the tanker industry
  • Geopolitical risks
  • Environmental regulations
  • Competition from larger players

Competitors and Market Share

competitor logo Key Competitors

  • DHT
  • EURN
  • FRO
  • STNG
  • ASC
  • TRMD

Competitive Landscape

TOP Ships Inc. faces intense competition from larger, more established players with greater financial resources. Its success depends on its ability to operate efficiently, secure favorable charter rates, and manage its debt effectively.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been inconsistent due to market volatility and strategic changes.

Future Projections: Future growth projections are uncertain and dependent on the company's ability to manage debt, secure favorable charter rates, and expand its fleet.

Recent Initiatives: Recent initiatives may include fleet expansion or upgrades, refinancing of debt, and strategic partnerships.

Summary

TOP Ships Inc. is a small player in a highly competitive and cyclical tanker market. The company's strengths include its modern fleet but faces challenges due to high debt, volatile revenues, and stock dilution. It needs to carefully manage its finances and capitalize on opportunities to expand its fleet and secure stable charter rates.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings (SEC)
  • Industry reports
  • Financial news sources

Disclaimers:

This analysis is based on available information and assumptions. Actual results may vary. This is not financial advice.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About TOP Ships Inc.

Exchange NASDAQ
Headquaters -
IPO Launch date 2004-07-23
CEO -
Sector Energy
Industry Oil & Gas Midstream
Full time employees -
Full time employees -

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, 2024, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 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.