Castor Maritime Inc. (NASDAQ: CTRM)’s stock price has gone decline by -12.05 in comparison to its previous close of 0.63, however, the company has experienced a -16.46% decrease in its stock price over the last five trading days.
Is It Worth Investing in Castor Maritime Inc. (NASDAQ: CTRM) Right Now?
The price-to-earnings ratio for Castor Maritime Inc. (NASDAQ: CTRM) is 0.44x, which is above its average ratio. Moreover, the 36-month beta value for CTRM is 1.01. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CTRM is 94.61M and currently, short sellers hold a 1.57% of that float. On May 25, 2023, CTRM’s average trading volume was 1.49M shares.
CTRM’s Market Performance
CTRM’s stock has seen a -16.46% decrease for the week, with a -21.84% drop in the past month and a 10.30% gain in the past quarter. The volatility ratio for the week is 8.01%, and the volatility levels for the past 30 days are at 6.26% for Castor Maritime Inc. The simple moving average for the past 20 days is -15.99% for CTRM’s stock, with a -2.65% simple moving average for the past 200 days.
CTRM Trading at -22.85% from the 50-Day Moving Average
After a stumble in the market that brought CTRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.31% of loss for the given period.
Volatility was left at 6.26%, however, over the last 30 days, the volatility rate increased by 8.01%, as shares sank -21.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.77% lower at present.
During the last 5 trading sessions, CTRM fell by -16.46%, which changed the moving average for the period of 200-days by -67.60% in comparison to the 20-day moving average, which settled at $0.6518. In addition, Castor Maritime Inc. saw 25.07% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CTRM
Current profitability levels for the company are sitting at:
- +47.14 for the present operating margin
- +53.51 for the gross margin
The net margin for Castor Maritime Inc. stands at +45.23. The total capital return value is set at 23.35, while invested capital returns managed to touch 23.47. Equity return is now at value 28.90, with 20.60 for asset returns.
Based on Castor Maritime Inc. (CTRM), the company’s capital structure generated 32.90 points at debt to equity in total, while total debt to capital is 24.76. Total debt to assets is 23.99, with long-term debt to equity ratio resting at 26.02. Finally, the long-term debt to capital ratio is 19.58.
When we switch over and look at the enterprise to sales, we see a ratio of 0.29, with the company’s debt to enterprise value settled at 1.33. The receivables turnover for the company is 21.36 and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.24.
Conclusion
To wrap up, the performance of Castor Maritime Inc. (CTRM) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
