Castor Maritime Inc. (CTRM): What Technical Indicators Show

Castor Maritime Inc. (NASDAQ:CTRM) saw a downside of 0.00% to close Tuesday at $2.36 after subtracting $0.0 on the day. The 5-day average trading volume is 2,404,480 shares of the company’s common stock. It has gained $2.41 in the past week. An average of 4,474,740 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,671,492.

CTRM’s 1-month performance is -3.28% or $0.20 on its low of $2.14 reached on 09/13/21. The company’s shares have touched a 52-week low of $1.12 and high of $19.50, with the stock’s rally to the 52-week high happening on 02/11/21. YTD, CTRM has achieved 27.57% or $0.51. However, the current price is down -87.90%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 7.437 and a low of 0.6523. CTRM stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.28 while the price-to-book (PB) in the most recent quarter is 0.68, with the price to cash flow ratio at 42.56.

Castor Maritime Inc.’s quick ratio for the recent quarter was 2.50, with the current ratio over the same period at 2.50 meaning that CTRM stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 55.20%. The trailing 12-month EBITDA margin is 18.87% while Castor Maritime Inc.’s operating margin was 21.70%. The firm’s gross profit as reported stood at $4.46 million against revenue of $12.49 million.

Earnings Surprise

EBITDA for the quarter stood at more than $7.04 million. CTRM stock balance sheet for the recent quarter shows that total liabilities totaled 57.02 million, with total debt at $49.27 million

Technical Picture

Let’s look briefly at Castor Maritime Inc. (CTRM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 47.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 45.11%.

The stock’s 5-day moving average is $2.33, reflecting a +0.43% or $0.01 change from its current price. CTRM is currently trading +2.61% above its 20-day SMA, -44.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +12.38% and +23.56% respectively.

Stochastic %K and %D was 21.31% and 19.85% and the average true range (ATR) pointed at 0.15. The RSI (14) points at 49.12%, while the 14-day stochastic is at 24.59% with the period’s ATR at 0.16. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.10 on the 14-day charts.

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