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.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on..

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free


Please enter your comment!
Please enter your name here