Home  »  Companies   »  Castor Maritime Inc. (CTRM) Volatility Hits 6.29% ...

Castor Maritime Inc. (CTRM) Volatility Hits 6.29% – Here Is What You Should Do

Castor Maritime Inc. (NASDAQ:CTRM) concluded the trading at $1.45 on Wednesday, November 23 with a rise of 9.85% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $1.32 and 5Y monthly beta was reading 0.69. Company’s P/E ratio for the trailing 12 months is 1.70. Considering stock’s 52-week price range provides that CTRM hit a high price of $2.45 and saw its price falling to a low level of $1.00 during that period. Over a period of past 1-month, stock came adding 20.83% in its value.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report


In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review CTRM stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Sell for it.

Digging deeper we become aware of the PEG ratio of the CTRM stock which is currently positioned at 0. It further provides that stock’s current price level is 17.74% away from its 20-day simple moving average and is 21.39% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 71.44 while volatility remained at 6.29% over the past week which changes to 5.24% when measuring it over the past month. Beta is valued at 0.73, while measure of average true range or ATR is currently at 0.07.

Having a second look at Castor Maritime Inc. (NASDAQ:CTRM) provides that stock’s average daily trading volume for 3 months was 558.47K, while it jumped to 0.59 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 94.61 million.

The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 1.92 million which implies a short ratio of 3.37. This shows up a 2.02% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 1.57 million in the previous month. Addition of 2.11% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

Leave a Comment

Your email address will not be published. Required fields are marked *