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Castor Maritime Inc. (NASDAQ: CTRM): Overvalued In Comparison To Others?

Castor Maritime Inc. (NASDAQ:CTRM) shares, rose in value on Thursday, 05/25/23, with the stock price down by -14.64% to the previous day’s close as strong demand from buyers drove the stock to $0.47.

Actively observing the price movement in the last trading, the stock closed the session at $0.55, falling within a range of $0.43 and $0.5769. The PE ratio was 0.38 over 12-month period. Referring to stock’s 52-week performance, its high was $1.24, and the low was $0.41. On the whole, CTRM has fluctuated by -33.21% over the past month.

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With the market capitalization of Castor Maritime Inc. currently standing at about $44.64 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 07, 2023 – Aug 11, 2023.


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 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

0 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 0 recommend it as a Buy and 0 called the CTRM stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is -.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CTRM currently trading nearly -27.43% and -33.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 23.84, while the 7-day volatility ratio is showing 14.41% which for the 30-day chart, stands at 7.61%. Furthermore, Castor Maritime Inc. (CTRM)’s beta value is 1.01, and its average true range (ATR) is 0.05.


Data on historical trading for Castor Maritime Inc. (NASDAQ:CTRM) indicates that the trading volumes over the past 10 days have averaged 0.56 million and over the past 3 months, they’ve averaged 1.49 million. According to company’s latest data on outstanding shares, there are 94.61 million shares outstanding.

Castor Maritime Inc.’s shares belong to company insiders and institutional investors own 1.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.63 million shares as on May 14, 2023, resulting in a short ratio of 3.71. According to the data, the short interest in Castor Maritime Inc. (CTRM) stood at 1.72% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 1.84 million. The stock has risen by 6.77% 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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