Technicals Say Castor Maritime Inc. (CTRM) Is A Hold

Castor Maritime Inc. (NASDAQ:CTRM) trading with a subtraction of -$0.02 to $2.39 on Thursday, a downside of -0.62 percent. An average of 2,290,939 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 3,446,215 shares traded, while the 50-day average volume stands at 4,708,778.

CTRM stock has increased by 4.78% in the last month. The company shares reached their 1-month lowest point of $2.21 on 10/06/21. 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. It has reached a new high 12 times so far this year and achieved 30.27% or $0.52 in price. In spite of this, the price is down -87.72% 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 14.88, which compares with the 18.35 for the broader industry and 28.91 for the sector. 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 6.42, the price-to-book (PB) ratio at 0.69, and the price-to-cash flow ratio at 43.46.

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 13 October was 48.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.40%.

As of today, CTRM’s price is $2.36 +1.06% or $0.03 from its 5-day moving average. CTRM is currently trading -7.95% lower than its 20-day SMA and -34.81% lower than its 100-day SMA. However, the stock’s current price level is +17.57% above the SMA50 and +39.71% above the SMA200.

The stochastic %K and %D were 28.14% and 25.59%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 27.05% and the average true range at 0.15, the RSI (14) stands at 49.71%. The stock has reached 0.03 on the 9-day MACD Oscillator while the 14-day reading was at -0.04.

Analyst Ratings

The consensus rating for Castor Maritime Inc. (CTRM) among analysts is -. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CTRM, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.


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