Castor Maritime Inc. (NASDAQ:CTRM) traded at $0.4 at last check on Tuesday, Jun 30, making an upward move of 1.27% on its previous day’s price.
Looking at the stock we see that its previous close was $0.395 with the day’s price range being $0.3910 – 0.4700. The company has a 12-month trailing PE ratio of 2.36. In terms of its 52-week price range, CTRM has a high of $5.28 and a low of $0.35. The company’s stock has gained about -40.24% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CTRM stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 0 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Castor Maritime Inc. (CTRM) stock as a Hold, while none rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of 0 and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Castor (CTRM) stock to its peers. We find that today’s price change of +1.27% and -90.75% over the past 12 months for CTRM competes that of Kirby Corp (KEX), which has seen its stock price fall -0.58% in the latest trading session and is -32.3% over the last one year. Another of its peers Euronav NV (EURN) has dropped -1.11% today, but is -14.51% down over the past year, while Frontline Ltd (FRO) is also up 1.27% yet its price remains in the red at -90.75% over the same period. Kirby has a P/E ratio of 0 compared to Castor’s 2.32 and Euronav’s 5.46. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.04% and 0.46%, respectively, in early deals.
Coming back to Castor Maritime Inc. (NASDAQ:CTRM), we note that the average 3-month trading volume was 4.93 Million, while that of the preceding 10-day period stands at 37.56 Million. Current shares outstanding are 70.47 Million.
According to data from Thomson Reuters, insiders hold 16.18% of the company’s shares while institutions hold 1.91%. The data shows that short shares as of June 14, 2020, stood at 24.52 Million at a short ratio of 0.01. This represents a 0.25% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 15.99 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -78.65% down in year-to-date price movement.