Castor Maritime Inc (NASDAQ:CTRM) saw an upside of 7.12% to $0.42 after adding $0.03 on Monday. The 5-day average trading volume is 442,847 shares of the company’s common stock. It has gained $0.4369 in the past week and touched a new high 3 times within the past 5 days. An average of 339,862 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 407,621.
CTRM’s 1-month performance is 0.36% or -$0.0033 on its low of $0.3850 reached on 09/21/23. The company’s shares have touched a 52-week low of $0.38 and high of $1.24, with the stock’s rally to the 52-week high happening on 03/06/23. YTD, CTRM has lost -5.20% or -$0.7039 and has reached a new high 9 times. However, the current price is down -66.13% from the 52-week high price.
Valuation Metrics
CTRM stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.21 while the price-to-book (PB) in the most recent quarter is 0.09, with the price to cash flow ratio at 1.50.
Castor Maritime Inc’s quick ratio for the recent period was 3.28, with the current ratio over the same period at 3.28. In terms of profitability, the gross margin trailing 12 months is 50.68%. The trailing 12-month EBITDA margin is 57.00%. The firm’s gross profit as reported stood at $166.09 million against revenue of $262.1 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 65.84% to $118.56 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $13.76 million. CTRM stock balance sheet for the recent quarter shows that total liabilities totaled 125.06 million, with total debt at $105.44 million.
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 22 September was 55.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.67%.
The stock’s 5-day moving average is $0.3953, reflecting a +4.02% or $0.0161 change from its current price. CTRM is currently trading -0.79% above its 20-day SMA, -37.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.08% and SMA200 by-73.33%.
Stochastic %K and %D was 26.72% and 16.76% and the average true range (ATR) pointed at 0.0189. The RSI (14) points at 49.75%, while the 14-day stochastic is at 59.92% with the period’s ATR at 0.0196. The stock’s 9-day MACD Oscillator is pointing at 0.0003 and -0.0023 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for CTRM stock have a consensus rating for the stock as -. Currently, 0 brokerage advisors rate CTRM as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
