Overall market sentiment has been high on TOP SHIPS Inc (TOPS) stock lately. TOPS receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
TOP SHIPS Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TOPS!
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 up 5.51% while the S&P 500 is lower by -0.17% as of 10:56 AM on Thursday, Nov 16. TOPS has gained $0.41 from the previous closing price of $7.44 on volume of 26,793 shares. Over the past year the S&P 500 is higher by 12.61% while TOPS is lower by -80.82%. TOPS earned $13.18 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 0.6.
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.
Click Here to get the full Stock Report for TOP SHIPS Inc stock.
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