The market has been down on TOP SHIPS Inc (TOPS) stock recently. TOPS gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With TOPS Stock Today?
TOP SHIPS Inc (TOPS) stock is trading at $3.03 as of 10:11 AM on Friday, Feb 19, a rise of $0.35, or 12.99% from the previous closing price of $2.68. The stock has traded between $2.82 and $3.04 so far today. Volume today is low. So far 1,252,408 shares have traded compared to average volume of 9,087,452 shares.
More About TOP SHIPS Inc
TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time charter agreements.