Castor Maritime Inc. (CTRM) Price Target: Is It Set To Rise Or Fall In Price?

Castor Maritime Inc. (NASDAQ:CTRM) trading with a subtraction of -$0.04 to $2.31 on Friday, a downside of -1.70 percent. An average of 2,435,552 shares of common stock have been traded in the last five days. There was a fall of -$0.18 in the past week. The last 20 days have seen an average of 4,935,923 shares traded, while the 50-day average volume stands at 4,598,065.

CTRM stock has increased by 8.80% in the last month. The company shares reached their 1-month lowest point of $2.11 on 09/09/21. With the stock rallying to its 52-week high on 02/11/21, shares of the company touched a low of $1.12 and a high of $19.50 in 52 weeks. In spite of this, the price is down -88.15% from the 52-week high.


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Valuation Metrics

Castor Maritime Inc. (CTRM) has a trailing price-to-earnings (P/E) ratio of 14.51, which compares with the 18.35 for the broader industry and 28.70 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Castor Maritime Inc.’s PE ratio has ranged between 7.437 and 0.6523. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.98, the price-to-book (PB) ratio at 0.67, and the price-to-cash flow ratio at 40.47.

The company has a payout ratio of 0.00%.

The quick ratio of Castor Maritime Inc. for the recent quarter was 2.50, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.16 for the recent quarter. Castor Maritime Inc.’s EBITDA margin is 18.87%, while its operating margin for the same period stands at 21.70%. Its gross profit as reported stood at $4.46 million compared to revenue of $12.49 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Castor Maritime Inc.’s return on assets was 3.40%. For the broader industry, ROE averaged 13.58 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Castor Maritime Inc. (CTRM) price momentum. RSI 9-day as of the close on 07 October was 44.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 57.60%.

As of today, CTRM’s price is $2.33 -7.20% or -$0.18 from its 5-day moving average. CTRM is currently trading +7.40% higher than its 20-day SMA and -48.99% lower than its 100-day SMA. However, the stock’s current price level is +7.90% above the SMA50 and +49.86% above the SMA200.

The stochastic %K and %D were 18.57% and 15.72%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 18.02% and the average true range at 0.17, the RSI (14) stands at 47.29%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.13.

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