Castor Maritime Inc. (NASDAQ:CTRM) shares, dropped in value on Thursday, Jan 14, with the stock price down by -8.31% to the previous day’s close as weak demand from buyers trailed the stock to $0.34.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.37, falling within a range of $0.3211 and $0.3700. The value of beta (5-year monthly) is 0 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $2.6, and the low was $0.11. On the whole, CTRM has fluctuated by 124.37% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CTRM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
A comparison of Castor Maritime Inc. (CTRM) with its peers suggests the former has fared considerably weaker in the market. CTRM showed an intraday change of -8.31% in today’s session so far, and over the past year, it dropped by -80.11%. In comparison, Kirby Corp (KEX) has moved higher at +0.98% today and is down -37.45% over the past 12 months. On the other hand, the price of Euronav NV (EURN) has risen 0.81% today. The stock, however, is off -26.94% from where it was a year ago. Additionally, there is a decline of -831% for Frontline Ltd (FRO) in recent trading while the stock has seen an overall depriciation of -80.11% over the past year. The PE ratio stands at 0 for Castor Maritime Inc., compared to 0 for Kirby Corp, and 2.7 for Euronav NV. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.21%. Meanwhile, the Dow Jones Industrial improved by 0.37%.
Data on historical trading for Castor Maritime Inc. (NASDAQ:CTRM) indicates that the trading volumes over the past 10 days have averaged 304.12 Million and over the past 3 months, they’ve averaged 55.01 Million. According to company’s latest data on outstanding shares, there are 364.46 Million shares outstanding.
Nearly 0.95% of Castor Maritime Inc.’s shares belong to company insiders and institutional investors own 13.9% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 491.18 Million shares as on December 30, 2020, resulting in a short ratio of 0.02. According to the data, the short interest in Castor Maritime Inc. (CTRM) stood at 0.37% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 805.98 Million. The stock has risen by +101.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CTRM stock heading into the next quarter.
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