Castor Maritime Inc. [CTRM] is 64.86% higher this YTD. Is it still time to buy?

Castor Maritime Inc. [NASDAQ: CTRM] slipped around -0.54 points on Friday, while shares priced at $3.05 at the close of the session, down -14.92%. The company report on May 25, 2021 that Castor Maritime Inc. Announces Deliveries of the M/V Magic Nebula, the M/T Wonder Vega, and the M/V Magic Starlight.

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

Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that:.

On May 20, 2021, Castor took delivery of the M/V Magic Nebula, the 2010 Korean-built Kamsarmax dry bulk carrier, it had agreed to acquire as previously announced on March 10, 2021;.

Castor Maritime Inc. stock is now 64.86% up from its year-to-date (YTD) trading value. CTRM Stock saw the intraday high of $3.4184 and lowest of $3.05 per share. The company’s 52-week high price is 19.50, which means current price is +77.33% above from all time high which was touched on 02/11/21.

Compared to the average trading volume of 9.62M shares, CTRM reached a trading volume of 13295257 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Castor Maritime Inc. [CTRM]?

The Average True Range (ATR) for Castor Maritime Inc. is set at 0.40, with the Price to Sales ratio for CTRM stock in the period of the last 12 months amounting to 25.80. The Price to Book ratio for the last quarter was 7.62, with the Price to Cash per share for the same quarter was set at 0.08.

How has CTRM stock performed recently?

Castor Maritime Inc. [CTRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.18. With this latest performance, CTRM shares dropped by -39.78% in over the last four-week period, additionally plugging by 92.55% over the last 6 months – not to mention a drop of -53.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CTRM stock in for the last two-week period is set at 28.27, with the RSI for the last a single of trading hit 23.26, and the three-weeks RSI is set at 32.50 for Castor Maritime Inc. [CTRM]. The present Moving Average for the last 50 days of trading for this stock 5.26, while it was recorded at 3.55 for the last single week of trading, and 4.10 for the last 200 days.

Castor Maritime Inc. [CTRM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Castor Maritime Inc. [CTRM] shares currently have an operating margin of +3.62 and a Gross Margin at +20.42. Castor Maritime Inc.’s Net Margin is presently recorded at -14.04.

Return on Total Capital for CTRM is now 0.91, given the latest momentum, and Return on Invested Capital for the company is -3.86. Return on Equity for this stock declined to -5.35, with Return on Assets sitting at -3.35. When it comes to the capital structure of this company, Castor Maritime Inc. [CTRM] has a Total Debt to Total Equity ratio set at 34.72. Additionally, CTRM Total Debt to Total Capital is recorded at 25.77, with Total Debt to Total Assets ending up at 24.45. Long-Term Debt to Equity for the company is recorded at 21.16, with the Long-Term Debt to Total Capital now at 15.71.

Reflecting on the efficiency of the workforce at the company, Castor Maritime Inc. [CTRM] managed to generate an average of -$1,753,533 per employee. Receivables Turnover for the company is 6.51 with a Total Asset Turnover recorded at a value of 0.24.Castor Maritime Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Insider trade positions for Castor Maritime Inc. [CTRM]

There are presently around $3 million, or 3.20% of CTRM stock, in the hands of institutional investors. The top three institutional holders of CTRM stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 679,937, which is approximately 1316.358% of the company’s market cap and around 1.59% of the total institutional ownership; VIRTU FINANCIAL LLC, holding 77,056 shares of the stock with an approximate value of $0.23 million in CTRM stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.14 million in CTRM stock with ownership of nearly 0% of the company’s market capitalization.

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

36 institutional holders increased their position in Castor Maritime Inc. [NASDAQ:CTRM] by around 797,756 shares. Additionally, 11 investors decreased positions by around 1,269,885 shares, while 2 investors held positions by with 1,111,776 shares. The mentioned changes placed institutional holdings at 955,865 shares, according to the latest SEC report filing. CTRM stock had 32 new institutional investments in for a total of 80,202 shares, while 11 institutional investors sold positions of 1,269,885 shares during the same period.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on skype
Skype
Share on reddit
Reddit

Leave a Comment

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

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam