Castor Maritime Inc. (NASDAQ:CTRM) price on Friday, March 17, fall -2.84% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.71.
A look at the stock’s price movement, the close in the last trading session was $0.73, moving within a range at $0.68 and $0.74. The beta value (5-Year monthly) was 0.96 while the PE ratio in trailing twelve months stood at 0.66. Turning to its 52-week performance, $1.24 and $0.41 were the 52-week high and 52-week low respectively. Overall, CTRM moved 34.08% over the past month.
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Castor Maritime Inc.’s market cap currently stands at around $67.86 million, with investors looking forward to this quarter’s earnings report slated for Mar 17, 2023 – Mar 21, 2023.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that CTRM is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CTRM’s current price about 15.33% and 32.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.17, while 7-day volatility ratio is 10.48% and 10.22% in the 30-day chart. Further, Castor Maritime Inc. (CTRM) has a beta value of 0.82, and an average true range (ATR) of 0.08.
In the market, a comparison of Castor Maritime Inc. (CTRM) and its peers suggest the former has performed considerably weaker. Data shows CTRM’s intraday price has changed -2.84% in last session and 6.31% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.
If we refocus on Castor Maritime Inc. (NASDAQ:CTRM), historical trading data shows that trading volumes averaged 6.19 million over the past 10 days and 2.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 94.61 million shares.
Also important is the data on short interest which shows that short shares stood at 1.11 million on Jan 30, 2023, giving us a short ratio of 2.93. The data shows that as of Jan 30, 2023 short interest in Castor Maritime Inc. (CTRM) stood at 1.17% of shares outstanding, with shares short falling to 1.94 million registered in Dec 29, 2022. Current price change has pushed the stock 60.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CTRM stock continues to rise going into the next quarter.