TOP Ships Inc. (TOPS) carries a Roarable Rating of D- (Sell) with 36/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-03, TOP Ships Inc. (NYSE: TOPS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $0.32 (+6.04% 1D, market cap $3.7M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 7/20. Across 1009 tracked Consumer Discretionary issuers, TOPS ranks #787 in composite RQD confidence.
Within the Consumer Discretionary sector (Marine Transportation), TOPS carries a Roarable D- (36/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of 7.6%. By comparison, ICON (Icon Energy Corp.) holds a D grade (44/100 RQD, P/E N/A, ROIC 0.8%, cap $3.9M) and HTCO (High-Trend International Group (Class A)) posts a D grade (45/100 RQD, P/E N/A, ROIC —, cap $8.9M). Among the 5-stock peer group, TOPS leads on earnings multiple (N/A) while TOPS leads on capital efficiency (7.6% ROIC).
Per TOPS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001296484), TOP Ships Inc. generated $80.4M in revenue (+2.9% YoY), $0 in net income, and $26.4M in free cash flow against $333.6M in total assets and $204.8M in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
SEC XBRL FY 2025 (10-K): 32.9% FCF Margin ($26.4M FCF) & 52% Gross Margin
FRED Regime × Technicals: 2% of 52W Range • RSI-14 at 23.7 (OVERSOLD (<32))
Balance-sheet & 10-K footnote risk deducts 15 pts from forensic ceiling
While TOPS currently carries a cautious 36/100 (D-) rating due to SEC 10-K Forensic Risk (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Consumer Discretionary with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($0.58) and Max Pain ($0.34) forces dealer call-delta covering toward $7.77.
Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.16% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
TOP Ships Inc. (TOPS) surged +6.04% to $0.32, trading at 2% of its 52-week range ($0.27 – $7.4). Stretched risk/reward at current multiples (8% return on capital) under elevated 10-year interest-rate pressure.
Yahoo Finance report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Quantisnow report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Investing.com report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
TradingView report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
The Globe and Mail report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Yahoo! Finance Canada report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
https://www.sec.gov/Archives/edgar/data/1943421/000117184326006669/f6k_101526.htm
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +2.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on TOPS today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for TOPS. Explore sector supply chains on /butterfly.
Across 1009 tracked Consumer Discretionary securities in the Roarable RQD universe, TOP Ships Inc. (TOPS) ranks #787 by composite RQD confidence (36/100, grade D-) and #977 by equity capitalization ($3.7M). Within this direct 5-issuer industry benchmark cohort, TOPS leads on earnings valuation at N/A trailing P/E, while TOPS leads on capital efficiency and profitability with 7.6% ROIC and — gross margin. HTCO currently holds the highest overall quantitative score in the immediate peer group at 45/100 (D) compared with TOPS at 36/100 (D-).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| TOPS
ACTIVE
TOP Ships Inc. | D- | 36/100 | — | — | 7.6% | +6.04% | $3.7M | Benchmark Subject |
| ICON Icon Energy Corp. | D | 44/100 | — | — | 0.8% | -0.97% | $3.9M | /icon-vs-tops → |
| HTCO High-Trend International Group (Class A) | D | 45/100 | — | 3.2% | — | 0.00% | $8.9M | /htco-vs-tops → |
| CISS C3is Inc. | E | 27/100 | — | — | 1.1% | +1.02% | $741.0K | /ciss-vs-tops → |
| CTRM Castor Maritime Inc. | D- | 40/100 | — | — | -3.9% | -0.69% | $14.0M | /ctrm-vs-tops → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), TOP Ships Inc. (TOPS) reported GAAP revenue of $80.4M (+2.9% vs. FY2024 revenue of $78.1M ) , GAAP net income of $0, operating cash flow of $26.4M, and free cash flow of $26.4M (+52.6% YoY). On the balance sheet, TOPS closed FY2025 with $333.6M in total assets against $204.8M in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 3/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $80.4M | $0 | $26.4M | $26.4M | $333.6M | $204.8M |
| FY2024 (FY) | 2024-12-31 | $78.1M | $0 | $17.3M | $17.3M | $422.8M | $245.1M |
As of 2026-11-03, TOP Ships Inc. (NYSE: TOPS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $0.32 (+6.04% 1D, market cap $3.7M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 7/20. Across 1009 tracked Consumer Discretionary issuers, TOPS ranks #787 in composite RQD confidence.
Within the Consumer Discretionary sector (Marine Transportation), TOPS carries a Roarable D- (36/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of 7.6%. By comparison, ICON (Icon Energy Corp.) holds a D grade (44/100 RQD, P/E N/A, ROIC 0.8%, cap $3.9M) and HTCO (High-Trend International Group (Class A)) posts a D grade (45/100 RQD, P/E N/A, ROIC —, cap $8.9M). Among the 5-stock peer group, TOPS leads on earnings multiple (N/A) while TOPS leads on capital efficiency (7.6% ROIC).
Per TOPS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001296484), TOP Ships Inc. generated $80.4M in revenue (+2.9% YoY), $0 in net income, and $26.4M in free cash flow against $333.6M in total assets and $204.8M in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.
TOPS last traded at $0.32 (+6.04% on volume of 295,935 shares), positioning the stock -44.83% below its 50-day simple moving average ($0.58) and -83.42% below its 200-day simple moving average ($1.93). Across its 52-week range of $0.27 to $7.40, TOPS sits at the 0.7% percentile with a 14-day RSI of 23.7 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($1.00 to $0.36).
TOP Ships Inc. (TOPS) earns a live Roarable RQD composite score of 36/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $0.32 (+6.04% 1D, market capitalization $3.7M).
TOP Ships Inc. Is classified in the Consumer Discretionary sector and the Marine Transportation industry, listed on the NYSE (per the company profile). The profile does not describe specific products, customers, or revenue-generation mechanics beyond the sector and industry classification. Revenue is reported in the SEC financials (FY 2025: $80.
In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), TOP Ships Inc. (TOPS) reported $80.4M in annual revenue (up from $78.1M in FY2024, +2.9% YoY) and $0 in GAAP net income. Over the multi-year SEC filing window from FY2024 ($78.1M revenue, $0 net income) through FY2025, TOPS scaled operating cash flow to $26.4M and free cash flow to $26.4M, backed by $333.6M in total assets against $204.8M in total debt.
Upstream and downstream dependencies, sector correlations, and second-order bottlenecks are therefore — The investor-relevant ripple that can be inferred from the news feed is the sequence of a convertible-note offering followed by a reverse split, which is a capital-structure chain rather than a supply-chain one; its magnitude is not quantified in the sources.
Real-time company headlines, analyst actions, and sector developments for TOP Ships Inc. (TOPS) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo Finance report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Quantisnow report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Investing.com report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
TradingView report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
The Globe and Mail report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Yahoo! Finance Canada report covering TOP Ships Inc. (TOPS) market action, institutional positioning, and fundamental catalysts.
Don't sleep on TOPS's setup in Consumer Discretionary. Operating income of $26.3M on a 32.7% operating margin and 7.6% ROIC show the underlying operations generate meaningful earnings power despite the weak balance sheet.. Beta of 1.0 means it moves fast when momentum turns, and the 5-pillar RQD gauge (36/100) backs up the fundamental quality.
@DeepValue_CFA Agree on the RQD 36/100 quality, though with 1.0 beta I'm scaling in with half-size at $0.30 and keeping dry powder in case we test $0.28.
Fading this rally in TOPS at $0.30. An Altman Z-Score of 0.2, Piotroski F-Score of 3/9, and a $5.0 Million convertible-note offering signal acute financial-distress and dilution risk.. With a beta of 1.0 and the stock sitting at $0.30 (52-wk range $0.27–$7.40), the easy multiple expansion is already priced in.
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