Stock Ratings / Consumer Discretionary / TOPS

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TOP Ships Inc. (TOPS) — RQD Stock Rating Cockpit

Q: Should I buy, hold, or sell TOPS stock right now?

TOP Ships Inc. (TOPS) currently earns a Roarable Rating of D (Sell — SELL) with 47/100 RQD Confidence. Stretched risk/reward at current multiples (8% return on capital) under elevated 10-year interest-rate pressure.

Q: What is TOPS's 12-month price target and RQD AI Jury consensus?

TOPS's 12-month base price target is $0.29 (range $0.23 to $7.77), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

$0.30 +3.05% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $0.30

TOP Ships Inc. (TOPS) carries a Roarable Rating of D (Sell) with 47/100 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.

📊 Historical Track Record Warning: Scores below 50 (47/100 · D) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE D • SELL / AVOID Cap $3.7M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $0.30 (+0.36%)🧬 Disciplined Float (+0.16% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 32.9% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (47/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-5.9% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk E

Each axis scored 0–20

12M PRICE TARGET CONE-3.3% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for TOPS)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (47/100 Composite)

🔍 WHY TOPS SCORES 47/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Whale & Options Positioning+15/20 pts (32% of score)

20D Institutional Volume Accumulation (±12.5% realized swing band)

▲ #2 Bullish Driver: Cash Engine Quality+12/20 pts (26% of score)

SEC XBRL FY 2025 (10-K): 32.9% FCF Margin ($26.4M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: SEC 10-K Forensic Risk5/20 pts (-15 pt drag)

Balance-sheet & 10-K footnote risk deducts 15 pts from forensic ceiling

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$0.50-10% Next Q

Q2 (-2Q)

Grade C-$0.45-33.3% Next Q

Q3 (-1Q)

Grade C-$0.30+0% Next Q

Current

Grade D$0.30-5.9% Hist 90D α

Trajectory: C (55) → D (47)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a TOPS Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While TOPS currently carries a cautious 47/100 (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.

🚀 Contrarian Squeeze Trigger #1

Big institutional funds and options desks are actively positioning on the bullish side.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($0.60) and Max Pain ($0.32) forces dealer call-delta covering toward $7.77.

🚀 Contrarian Squeeze Trigger #3

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.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $TOPS• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “TOPS Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 47%NO 53%Trade / Inspect Odds →

RSI-14 MOMENTUMOVERSOLD (<32)

23.730 Oversold · 70 Hot

ALTMAN-Z SHIELDDISTRESS RISK (<1.8)

0.20>3.0 Fortress Safe

PIOTROSKI F-SCOREWEAK QUALITY (1–4)

3 / 99-Pt Accounting

52-WEEK LASER RANGE2% OF RANGE

L: $0$0.30H: $7

1. Money & Cash Health● MIXED

Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: C-RQD 12 / 20

2. Big Money & Insiders● NEUTRAL

Are whales & executives buying or selling?

Big funds and company insiders are mostly holding steady without aggressive buying or panic selling.

Factor Grade: D+RQD 22 / 40

3. Hidden Risks & Market Weather● WARNING

SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: ERQD 13 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

2-of-3 JEV AI Jury Bearish Warning on TOPS

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

NEUTRAL (60)

7.6% ROIC with 42.0% gross margin and 2.80% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

BEARISH (25)

Altman-Z 0.20 and Piotroski 3/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

BEARISH (50)

22/40 institutional & smart-money positioning score with 8/20 macro alignment.

Bull Case: Why Buyers Like TOPS

✓Big institutional funds and options desks are actively positioning on the bullish side.

Bear Case: What Could Go Wrong

!Company executives have done more routine share selling than personal cash buying lately.
!Sensitive to high interest rates and tighter Federal Reserve market liquidity.
!Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring TOPS)

✓Walkthrough of TOPS's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

TOPS // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -86.36%🛡️ HOLDING TREND SUPPORT

2026-10-30O $0.30H $0.31L $0.29C $0.30VOL 427.1K

RES: $1.56SUP: $0.26SMA50: $0.60SMA200: $1.98

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

TOPS Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 TOPS Butterfly Map → + Track TOPS →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

-3.2%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on TOPS today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for TOPS. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for TOPS today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (TOPS)

Consumer Discretionary Rank #722 of 1011 ⚔️ ICON vs TOPS Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (TOPS vs. ICON, HTCO, CISS, CTRM)

Industry: Marine Transportation (67 Tracked Issuers)

Across 1011 tracked Consumer Discretionary securities in the Roarable RQD universe, TOP Ships Inc. (TOPS) ranks #722 by composite RQD confidence (47/100, grade D) and #979 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 58/100 (D+) compared with TOPS at 47/100 (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	47/100	—	—	7.6%	+3.05%	$3.7M	Benchmark Subject
ICON Icon Energy Corp.	D+	53/100	—	—	0.8%	+3.70%	$3.7M	/icon-vs-tops →
HTCO High-Trend International Group (Class A)	D+	58/100	—	3.2%	—	+2.90%	$9.6M	/htco-vs-tops →
CISS C3is Inc.	D-	38/100	—	—	1.1%	+10.65%	$802.3K	/ciss-vs-tops →
CTRM Castor Maritime Inc.	D+	53/100	—	—	-3.9%	-1.27%	$15.0M	/ctrm-vs-tops →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2024–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001296484

In its most recent audited fiscal period (FY2025, filed 2025-12-31), TOP Ships Inc. (TOPS) reported GAAP revenue of $80.4M (N/A vs. FY2024 revenue of $0 ) , 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	$0	$0	$17.3M	$17.3M	$422.8M	$245.1M

3. TOPS Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is TOPS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, TOP Ships Inc. (NYSE: TOPS) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 47/100 at a spot price of $0.30 (+3.05% 1D, market cap $3.7M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 15/20, Executive Insider Alignment 5/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 7/20. Across 1011 tracked Consumer Discretionary issuers, TOPS ranks #722 in composite RQD confidence.

How does TOPS compare to ICON and HTCO in the Consumer Discretionary sector?

Within the Consumer Discretionary sector (Marine Transportation), TOPS carries a Roarable D (47/100 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 (53/100 RQD, P/E N/A, ROIC 0.8%, cap $3.7M) and HTCO (High-Trend International Group (Class A)) posts a D+ grade (58/100 RQD, P/E N/A, ROIC —, cap $9.6M). Among the 5-stock peer group, TOPS leads on earnings multiple (N/A) while TOPS leads on capital efficiency (7.6% ROIC).

What are the biggest fundamental strengths and SEC risk factors for TOPS?

Per TOPS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001296484), TOP Ships Inc. generated $80.4M in revenue, $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: Big institutional funds and options desks are actively positioning on the bullish side.. 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.

Where is TOPS trading relative to its 50-day, 200-day, and 52-week technical levels?

TOPS last traded at $0.30 (+3.05% on volume of 222,567 shares), positioning the stock -50.00% below its 50-day simple moving average ($0.60) and -84.85% below its 200-day simple moving average ($1.98). Across its 52-week range of $0.27 to $7.40, TOPS sits at the 0.4% percentile with a 14-day RSI of 23.7 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($1.00 to $0.34).

TOPS Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell TOPS stock right now?

TOP Ships Inc. (TOPS) currently earns a Roarable Rating of D (Sell — SELL) with 47/100 RQD Confidence. Stretched risk/reward at current multiples (8% return on capital) under elevated 10-year interest-rate pressure.

What is TOPS's 12-month price target and RQD AI Jury consensus?

TOPS's 12-month base price target is $0.29 (range $0.23 to $7.77), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: TOPS RQD Cockpit TOPS 12M Forecast TOPS Earnings & Move TOPS Dividends & DRIP TOPS Insiders & 13F TOPS Whale Options TOPS Profit Sankey TOPS News & Why