Castor Maritime Inc. (CTRM) is priced at $0.39 after the most recent trading session. At the very opening of the session, the stock price was $0.39 and reached a high price of $0.4073, prior to closing the session it reached the value of $0.39. The stock touched a low price of $0.3851.
Recently in News on May 10, 2021, Castor Maritime Inc. Announces $18.0 Million Debt Financing. Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces the closing and drawdown, through two of its ship-owning subsidiaries, of a $18.0 million senior term loan facility with a European bank (the “$18.0 Million Financing”), secured by two of its tanker vessels. The Company intends to use the net proceeds from the $18.0 Million Financing for general corporate purposes, including supporting the Company’s growth plans. You can read further details here
Castor Maritime Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.9500 on 02/11/21, with the lowest value was $0.1720 for the same time period, recorded on 01/04/21.
Castor Maritime Inc. (CTRM) full year performance was -39.04%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Castor Maritime Inc. shares are logging -79.76% during the 52-week period from high price, and 251.38% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.11 and $1.95.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 64191424 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Castor Maritime Inc. (CTRM) recorded performance in the market was 113.30%, having the revenues showcasing -73.16% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 272.82M, as it employees total of 1 workers.
Specialists analysis on Castor Maritime Inc. (CTRM)
During the last month, 0 analysts gave the Castor Maritime Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.6413, with a change in the price was noted +0.2324. In a similar fashion, Castor Maritime Inc. posted a movement of +143.28% for the period of last 100 days, recording 158,090,344 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CTRM is recording 0.35 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.21.
Trends and Technical analysis: Castor Maritime Inc. (CTRM)
Raw Stochastic average of Castor Maritime Inc. in the period of last 50 days is set at 4.87%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 15.22%. In the last 20 days, the company’s Stochastic %K was 9.17% and its Stochastic %D was recorded 8.02%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 113.30%. Additionally, trading for the stock in the period of the last six months notably improved by 193.16%, alongside a downfall of -39.04% for the period of the last 12 months. The shares increased approximately by -10.58% in the 7-day charts and went up by -13.29% in the period of the last 30 days. Common stock shares were lifted by -73.16% during last recorded quarter.