Why is CTRM stock falling?
CTRM is falling due to the news of a reverse stock split. ONTX also fell on the reverse stock split announcement. General Electric tumbled when it announced a reverse stock split in March 2021. Meanwhile, CTRM’s troubles precede the reverse stock split announcement.
Where can I buy CTRM shares?
Shares of CTRM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
Is CTRM getting its fair share of the container shipping market?
The latest estimate for container shipping has now gone to 200billion up from 150 billion. CTRM will get it's fair share. This is one segment of the market where the money is. So annual revenue is about half of the market cap. They just brought a pile of ships online (mind you they are old).
What is Castor maritime (CTRM) stock up 1% Friday?
Castor Maritime is an international shipping company that handles deliveries through its ocean-faring ships. When its recent deliveries are complete, the company will own a total of 15 ships. CTRM stock was up 1% as of noon Friday and is up 174.4% since the start of the year.
Will CTRM stock go back up?
Based on our forecasts, a long-term increase is expected, the "CTRM" stock price prognosis for 2027-06-04 is 3.092 USD. With a 5-year investment, the revenue is expected to be around +78.73%. Your current $100 investment may be up to $178.73 in 2027. Get It Now!
Why is CTRM stock going up?
CTRM Stock Soars on Impressive Earnings Indeed, the company reported an impressive $29.2 million in net income for the past quarter, more than doubling its year-to-date earnings over the previous nine months. Overall, 2021 saw the company bring in $52.3 million in net income.
What happened to CTRM stock on Robinhood?
Castor Maritime Stock Gets Delisted By Robinhood Alongside Gamestop. Popular stock trader and Barstool Sports owner Dave Portnoy calls for the arrest of wall street insiders after shares of stocks like Gamestop, AMC and NOKIA were delisted from Robinhood.
Will CTRM stock go up tomorrow?
Tomorrow's movement Prediction of Castor Maritime Inc. CTRM as on 08 Jun 2022 looks Bearish... There has been some negative changes in this stock and it appears that this sentiment can continue tomorrow....Munafa value: 35 as on 08 Wed Jun 2022.Downside target1.81Upside target2.038 more rows
Is Castor Maritime undervalued?
Primarily, the company could be undervalued (perhaps even grossly so) based on the comparison between its market value and asset value. On a fully delivered basis, “Castor will own a fleet of 26 vessels,” according to a recent corporate statement regarding its $40.75 million debt refinancing deal.
Is CTRM a buy or sell?
Today CTRM ranks #15376 as sell candidate.
Will Castor Maritime ever recover?
Castor Maritime (CTRM) stock forecast 2022-2025 A five year forecast for the stock, meanwhile, suggested it could be touching $9.96 by 2027. This would represent a 750% potential upside from today's $1.17 level.
Why did Castor Maritime reverse split?
The Reverse Split Castor needed to make this move to keep its Nasdaq listing, as stocks must be above $1 to remain trading there. Additionally, a very low share price tends to scare off institutional investors.
How do I buy CTRM stock?
Follow these steps to buy CTRM.Pick a Brokerage. With the advent of the internet and wireless connectivity platforms, you'll never find a more convenient time to consider investing in the stock market. ... Decide How Many Shares You Want. ... Choose Your Order Type. ... Execute Your Trade.
How many shares of Castor Maritime are there?
Share StatisticsAvg Vol (3 month) 32.02MShares Outstanding 594.61MImplied Shares Outstanding 6N/AFloat 894.5M% Held by Insiders 10.12%7 more rows
How many employees does Castor Maritime have?
Based on the recorded statements, Castor Maritime is currently employing 1.0 people. This is 99.99% lower than that of the Industrials sector and significantly higher than that of the Marine Shipping industry. The number of employees for all United States stocks is 99.99% higher than that of the company.
Is ship stock a buy?
The consensus among 1 Wall Street analyst covering (NASDAQ: SHIP) stock is to Strong Buy SHIP stock.
How has Castor Maritime's stock price performed in 2022?
Castor Maritime's stock was trading at $1.42 on January 1st, 2022. Since then, CTRM stock has increased by 19.0% and is now trading at $1.69. View...
When is Castor Maritime's next earnings date?
Castor Maritime is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Cast...
How were Castor Maritime's earnings last quarter?
Castor Maritime Inc. (NASDAQ:CTRM) released its quarterly earnings data on Monday, May, 9th. The company reported $0.21 earnings per share for the...
When did Castor Maritime's stock split? How did Castor Maritime's stock split work?
Castor Maritime shares reverse split before market open on Friday, May 28th 2021. The 1-10 reverse split was announced on Friday, May 21st 2021. Th...
Who are Castor Maritime's key executives?
Castor Maritime's management team includes the following people: Mr. Petros Panagiotidis , Founder, Chairman, CEO, CFO, Pres & Treasurer (Age 32...
Who are some of Castor Maritime's key competitors?
Some companies that are related to Castor Maritime include Safe Bulkers (SB) , Diana Shipping (DSX) , Grindrod Shipping (GRIN) , Teekay (TK) ,...
What other stocks do shareholders of Castor Maritime own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Castor Maritime investors own include Ocugen (OCGN) , Top...
What is Castor Maritime's stock symbol?
Castor Maritime trades on the NASDAQ under the ticker symbol "CTRM."
Who are Castor Maritime's major shareholders?
Castor Maritime's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cresset Asset Managemen...
Who sold CTRM stock?
When will Castor Maritime reverse split?
CTRM stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, and Renaissance Technologies LLC.
What is MarketBeat community ratings?
Castor Maritime shares reverse split on the morning of Friday, May 28th 2021. The 1-10 reverse split was announced on Friday, May 21st 2021. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, May 27th 2021.
What is the P/E ratio of Castor Maritime?
MarketBeat's community ratings are surveys of what our community members think about Castor Maritime and other stocks. Vote “Outperform” if you believe CTRM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CTRM will underperform the S&P 500 over the long term. You may vote once every thirty days.
Is there enough data for Castor Maritime?
The P/E ratio of Castor Maritime is 13.07, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 14.37.
Does Castor Maritime pay dividends?
There is not enough analysis data for Castor Maritime.
When will Castor Maritime stock split?
Castor Maritime does not currently pay a dividend.
How much did Castor Maritime raise?
Shares of Castor Maritime (NASDAQ: CTRM) are down more than 17% in pre-market trading on Monday morning after the global shipping company announced a 1-for-10 reverse stock split, effective on May 28.
Does Castor Maritime make a profit?
Earlier this month, Castor Maritime raised $125 million by selling 192 million common shares and warrants. As a result, the company had nearly 900 million shares outstanding, what seemed like an enormous number for a company its size.
What quarter is the negotiated contract?
As InvestorPlace contributor Jonathan Berr noted earlier this month, Castor Maritime doesn’t make a profit.
What happens if no one buys Petros?
negotiated contracts. They will be pulling in good bank and 3rd quarter
What is CTRM?
If no one buys this scam, the Petros game ends. There are thousands of titles. Drop this and save what’s left!!!
Castor Maritime Stock news
CTRM is the ticker symbol for Castor Maritime Inc, a company based in Cyprus. The firm was started in 2017 and has about 40 tankers and vessels. It was started by Petros Panagiotidis, who currently serves as the chief executive and chairman. The company went public in 2019 and is listed at the Nasdaq.
CTRM revenue
The CTRM stock price has been under intense pressure in the past few months as investors have worried about its growth and debt. The company has made several headlines in the past few months. The most recent news is that the firm announced a $55 million senior term loan facility with a European bank.
CTRM stock history
Castor Maritime also announced relatively quarterly solid results in November 2021, boosting our CTRM stock forecast. The firm had a net income of $43 million in the third quarter, higher than analysts expected. It was also a strong performance considering that it had just $2.8 million in revenue in the previous year.
Is CTRM a good investment?
The Castor Maritime stock price has mixed performance as a public company. The stock initially jumped to an all-time high of $190 when it went public. However, the declines started shortly after that, and the shares declined to an all-time low of $1 in November 2020.
CTRM stock forecast 2021
CTRM looks cheap. Besides, its shares have dropped by almost 100% from their all-time high. It is also a profitable company.
CTRM share price forecast 2025
CTRM is a relatively small company, meaning that analysts from major Wall Street banks do not track it. So, to invest in CTRM, you must do your research.
Why wait until two thirds of NAV?
Turning to the weekly chart, the stock has been in a strong bearish trend. The chart shows that the stock is trading at key support shown in purple. The bearish trend is supported by the 25-day and 50-day moving average while the RSI is approaching its oversold level.
Is Castor Maritime still above NAV?
This is so that if the company keeps on losing money, the NAV will not fall below your purchase price. On the other hand, it also presents a potential 50% upside opportunity if the stock is ever taken over at or above its NAV price.
Why did CTRM reverse stock split?
It just did so at 65 cents per share when its NAV was at 30-31 cents. And even now, at 48 cents today, it is still above NAV.
How many vessels does CTRM have?
So, why did CTRM go for a reverse stock split? The company did the reverse stock split to comply with the minimum Nasdaq listing requirement. The stock was trading below $1 and could have been a candidate for delisting.
What is a castor maritime?
Lately, CTRM has been on an expansion spree. The company has announced the acquisition of new vessels in a flurry. CTRM has 26 vessels on a fully delivered basis, according to the most recent update. Now, growth is always a piece of welcome news for investors, especially in an industry like shipping.
How many shares of Onconova Therapeutics are there?
Castor Maritime is a growth-oriented shipping company. Usually, we associate growth with a tech company or an emerging industry like electric vehicles. Shipping is an old industry that doesn't have much organic growth. However, CTRM has been different.
When did General Electric reverse its stock split?
After the split, the total number of outstanding shares of ONTX will fall from around 236.714 million shares to only about 15.781 million.
Is Castor Maritime stock split?
General Electric tumbled when it announced a reverse stock split in March 2021. Meanwhile, CTRM’s troubles precede the reverse stock split announcement. Investors have been getting apprehensive of the stock amid the sell-off in growth names. CTRM’s high valuation didn’t help.
Is CTRM stock close to the bottom?
Castor Maritime has announced a reverse stock split and every 10 shares would be combined into one. This would reduce the company’s outstanding share count to around 90 million and the stock would start trading on the split-adjusted basis beginning May 28.
