Is Castor Maritime Inc. (NASDAQ: CTRM) Proving The Doubters Wrong?


    Castor Maritime Inc. (CTRM) concluded trading on 08/26/20 at a closing price of $0.19, with 32.99 million shares of worth about $6.27 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 30.14% during that period and on Wednesday the price saw a gain of about 28.38%. Currently the company’s common shares owned by public are about 131.21M shares, out of which, 5.77M shares are available for trading.

    Castor Maritime Inc. (NASDAQ: CTRM) started trading at $0.15, below $0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.19, or with a gain of 28.38%. Stock saw a price change of 30.14% in past 5 days and over the past one month there was a price change of -6.91%. Year-to-date (YTD), CTRM shares are showing a performance of -89.73% which decreased to -93.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.14 but also hit the highest price of $5.28 during that period. While comparing its average daily trading volume of 12.73 million shares, we see that about 32.99 million changed hands on the day. The stock is currently trading 5.94% above its 20-day simple moving average (SMA20), while that difference is down -36.67% for SMA50 and it goes to -81.41% lower than SMA200.

    Castor Maritime Inc. (NASDAQ: CTRM) currently have 131.21M outstanding shares and institutions hold larger chunk of about 1.91% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

    The stock has a current market capitalization of $24.93M. PE ratio of stock for trailing 12 months is 1.12, while it has posted earnings per share of $0.17 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTRM, volatility over the week remained 16.12% while standing at 9.67% over the month.


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