Castor Maritime Inc. (NASDAQ:CTRM) finished Friday with an addition of $0.04 to close at $1.12, an upside of 3.70 percent. An average of 695,200 shares of common stock have been traded in the last five days. There was a fall of -$0.0100 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 709,180 shares traded, while the 50-day average volume stands at 660,480.
CTRM stock has decreased by -31.71% in the last month. The company shares reached their 1-month lowest point of $1.0500 on 12/29/22. With the stock rallying to its 52-week high on 04/20/22, shares of the company touched a low of $1.00 and a high of $2.45 in 52 weeks. It has reached a new high 12 times so far this year and lost -21.13% or -$0.3000 in price. In spite of this, the price is down -54.29% from the 52-week high.
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Castor Maritime Inc. (CTRM) has a trailing price-to-earnings (P/E) ratio of 1.04. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.42, the price-to-book (PB) ratio at 0.25, and the price-to-cash flow ratio at 1.23.
The quick ratio of Castor Maritime Inc. for the recent quarter was 3.50, and the current ratio was 3.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.25 and a total debt to equity ratio of 0.32 for the recent quarter. Its gross profit as reported stood at $79.9 million compared to revenue of $132.05 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 19.20%.
For the recent quarter, Castor Maritime Inc. had $85.95 million in total debt.
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 30 December was 39.35%, suggesting the stock is Neutral, with historical volatility in this time frame at 50.76%.
As of today, CTRM’s price is $1.0960 -0.88% or -$0.0100 from its 5-day moving average. CTRM is currently trading -30.43% lower than its 20-day SMA and -33.73% lower than its 100-day SMA. However, the stock’s current price level is -0.88% below the SMA50 and -33.73% below the SMA200.
The stochastic %K and %D were 17.08% and 15.15%, respectively, and the average true range (ATR) was 0.0775. With the 14-day stochastic at 23.33% and the average true range at 0.0811, the RSI (14) stands at 40.15%. The stock has reached -0.0344 on the 9-day MACD Oscillator while the 14-day reading was at -0.0760.