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Do Analysts Agree on TOP SHIPS Inc (TOPS) Stock's Target Price?

Thursday, February 18, 2021 02:54 PM | InvestorsObserver Analysts
Do Analysts Agree on TOP SHIPS Inc (TOPS) Stock's Target Price?

InvestorsObserver is giving TOP SHIPS Inc (TOPS) an Analyst Rating Rank of 5, meaning TOPS is ranked higher by analysts than 5% of stocks. The average price target for TOPS is $ and analyst’s rate the stock as a Sell

Overall Score - 3
Wall Street analysts are rating TOPS a Sell today. Find out what this means to you and get the rest of the rankings on TOPS!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With TOP SHIPS Inc Stock Today?

TOP SHIPS Inc (TOPS) stock is trading at $2.85 as of 2:51 PM on Thursday, Feb 18, a drop of -$0.33, or -10.37% from the previous closing price of $3.18. The stock has traded between $2.71 and $3.15 so far today. Volume today is below average. So far 4,430,921 shares have traded compared to average volume of 9,158,224 shares.

Click Here to get the full report on TOP SHIPS Inc (TOPS) Stock.

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