The stock price of Castor Maritime Inc (NASDAQ: CTRM) has jumped by 8.41 compared to previous close of 3.21. Despite this, the company has seen a gain of 11.18% in its stock price over the last five trading days. InvestorPlace reported 2024-04-01 that When the stock market pushes too high too fast, sudden corrections can reveal several oversold stocks for a short-term surge. Reasons for large dips include simple differences of opinion on a company’s prospects, short-term holders exiting positions with long-term potential, or negative events that temporarily spook fair-weather investors.
Is It Worth Investing in Castor Maritime Inc (NASDAQ: CTRM) Right Now?
Castor Maritime Inc (NASDAQ: CTRM) has a higher price-to-earnings ratio of 1.42x compared to its average ratio, The 36-month beta value for CTRM is at 0.87.
The public float for CTRM is 9.65M, and currently, shorts hold a 0.65% of that float. The average trading volume for CTRM on May 08, 2024 was 59.99K shares.
CTRM’s Market Performance
CTRM stock saw a decrease of 11.18% in the past week, with a monthly decline of -5.95% and a quarterly a decrease of -25.83%. The volatility ratio for the week is 5.97%, and the volatility levels for the last 30 days are 5.93% for Castor Maritime Inc (CTRM). The simple moving average for the past 20 days is 3.69% for CTRM’s stock, with a -16.26% simple moving average for the past 200 days.
CTRM Trading at -7.91% 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 -50.21% of loss for the given period.
Volatility was left at 5.93%, however, over the last 30 days, the volatility rate increased by 5.97%, as shares sank -3.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.41% lower at present.
During the last 5 trading sessions, CTRM rose by +11.18%, which changed the moving average for the period of 200-days by -22.30% in comparison to the 20-day moving average, which settled at $3.35. In addition, Castor Maritime Inc saw -18.12% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CTRM starting from Castor Maritime Inc., who purchase 100,000 shares at the price of $62.92 back on Apr 04 ’24. After this action, Castor Maritime Inc. now owns 1,561,135 shares of Castor Maritime Inc, valued at $6,292,331 using the latest closing price.
Castor Maritime Inc., the 10% Owner of Castor Maritime Inc, purchase 69,635 shares at $62.65 during a trade that took place back on Apr 03 ’24, which means that Castor Maritime Inc. is holding 1,461,135 shares at $4,362,549 based on the most recent closing price.
Stock Fundamentals for CTRM
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.29 for the gross margin
The net margin for Castor Maritime Inc stands at 0.22. The total capital return value is set at 0.04. Equity return is now at value 4.62, with 3.44 for asset returns.
Based on Castor Maritime Inc (CTRM), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -153.03. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 2.23.
Currently, EBITDA for the company is 38.59 million with net debt to EBITDA at 0.49. When we switch over and look at the enterprise to sales, we see a ratio of 0.54. The receivables turnover for the company is 11.39for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.47.
Conclusion
In conclusion, Castor Maritime Inc (CTRM) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
