Why is Castor Maritime stock down 17% in pre-market trading?
Apr 11, 2022 · finance.yahoo.com - September 13 at 9:08 AM. Investors in Castor Maritime (NASDAQ:CTRM) have made a decent return of 32% over the past year. finance.yahoo.com - September 2 at 5:06 PM. Castor Maritime Inc. Announces Vessel Acquisition and New Charter Agreements. finance.yahoo.com - August 26 at 5:10 PM.
What is the long-term outlook for Castor Maritime Inc (CTRM)?
Apr 11, 2022 · CTRM | Complete Castor Maritime Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
What are the support levels for the Castor maritime projection?
Apr 11, 2022 · Castor Maritime saw a increase in short interest in the month of April. As of April 11th, there was short interest totaling 0 shares, an increase of NaN from the March 27th total of 0 shares. Based on an average trading volume of 1,468,590 shares, the days-to-cover ratio is presently 0.0 days. View Castor Maritime's Short Interest.
Is Castor maritime's CTRM in a bull market?
Castor Maritime Inc quote is equal to 1.990 USD at 2022-04-12. Based on our forecasts, a long-term increase is expected, the "CTRM" stock price prognosis for 2027-04-02 is 6.000 USD. With a 5-year investment, the revenue is expected to be around +201.49%. Your current $100 investment may be up to $301.49 in 2027.
Why is Castor Maritime so high?
A global shipping company, Castor Maritime has benefited from leveraged exposure to sea freight, particularly during the last boom in freight prices. Supply chain bottlenecks remain, and shipping costs remain elevated.Feb 7, 2022
Will Castor Maritime go up?
Castor Maritime (CTRM) stock forecast 2022-2025 The site suggested that the stock could be a few cents shy of $4.7 in 2024, almost reach $6.5 by 2025, and be closing in on $8.2 a year later. A five year forecast for the stock, meanwhile, suggested it could be touching $9.96 by 2027.Jan 26, 2022
Is Castor Marine a good stock to buy?
The Castor Maritime Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Is Castor Maritime profitable?
Reports $6.5 Million net profit for the Three Months Ended June 30, 2021 and $7.6 Million net profit for the Six Months Ended June 30, 2021.Aug 5, 2021
Is Castor maritime undervalued?
Is Castor Maritime Inc Stock Undervalued? The current Castor Maritime Inc [CTRM] share price is $1.99. The Score for CTRM is 53, which is 6% above its historic median score of 50, and infers lower risk than normal.
Why did Castor Maritime stock drop?
So what does this mean for Castor Maritime? Basically, the same BDI that reflected Castor Maritime's ability to charge enough for its services to earn a profit last quarter is now forecasting weaker pricing that may threaten Castor Maritime's ability to earn a profit this quarter.Jun 4, 2021
Did Castor Maritime meet compliance?
(NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that it received a written confirmation from the Nasdaq Stock Market on June 14 2021, that the Company is in full compliance with Nasdaq Listing Rule 5550(a)(2) concerning the minimum bid price of the Company's stock, and the ...Jun 15, 2021
Is Castor Maritime a real company?
Castor Maritime Inc. operates as a dry bulk shipping company. The Company focuses on growing its fleet through acquisitions of new and modern vessels.
What does castor maritime do?
Castor Maritime, Inc. engages in the provision of shipping transportation services through its ownership of dry bulk vessels.
Will NAKD stock recover?
NAKD stock became a hit with the Reddit trading crowd and has done well to fortify its balance sheet. It's now debt-free and has evolved into a pure-play e-commerce business. Unfortunately, there are several loopholes in its turnaround strategy, so it is unlikely things will change significantly for the company.Sep 16, 2021
How many ships does Castor Maritime have?
About Castor Maritime Inc. On a fully delivered basis, Castor will own a fleet of 28 vessels, with an aggregate capacity of 2.4 million dwt, consisting of 1 Capesize, 7 Kamsarmax and 11 Panamax dry bulk vessels, as well as 1 Aframax, 6 Aframax/LR2 and 2 MR1 tankers.Dec 7, 2021
Is Castor Maritime a meme stock?
One of the biggest meme trades — or at least trades that have “meme-ish” qualities — Castor Maritime (NASDAQ:CTRM) lit up the charts earlier this year.Aug 20, 2021
Are investors shorting Castor Maritime?
Castor Maritime saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 1,510,000 sha...
When is Castor Maritime's next earnings date?
Castor Maritime is scheduled to release its next quarterly earnings announcement on Thursday, June 2nd 2022. View our earnings forecast for Castor...
When did Castor Maritime's stock split? How did Castor Maritime's stock split work?
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 nu...
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 31...
Who are some of Castor Maritime's key competitors?
Some companies that are related to Castor Maritime include TORM (TRMD) , Navigator (NVGS) , Safe Bulkers (SB) , Dorian LPG (LPG) , Grindrod Sh...
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 retail and institutional investors. Top institutional investors include Renaissance Technologies L...
Which major investors are selling Castor Maritime stock?
CTRM stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, JPMorgan Chase & Co., Wolverine Tr...
"Should I invest in Castor Maritime stock?" "Should I trade "CTRM" stock today?"
According to our live Forecast System, Castor Maritime Inc stock is an awesome long-term (1-year)...
What is the Castor Maritime stock price / share price today?
The Castor Maritime stock price is 1.700 USD today.
Will Castor Maritime stock price grow / rise / go up?
Yes. The CTRM stock price can go up from 1.700 USD to 2.808 USD in...
Is it profitable to invest in Castor Maritime stock?
Yes. The long-term earning potential is + 65.18 % in one year.
Will CTRM stock price fall / drop?
No. See above .
What will Castor Maritime stock price be worth in five years (2027)?
The CTRM ("CTRM" ) future stock price will be 7.523 USD .
Will CTRM stock price crash?
According to our analysis, this will not happen.
Will Castor Maritime stock price hit 10 USD price in a year?
Not within a year. See above .
Will Castor Maritime stock price hit 20 USD price in a year?
Not within a year. See above .
About Castor Maritime
Castor Maritime (NASDAQ:CTRM) Frequently Asked Questions
Castor Maritime Inc., through its subsidiaries, engages in ocean transportation of dry bulk cargoes worldwide. It provides seaborne transportation services for dry bulk cargo, including iron ore, coal, grains, steel products, fertilizers, cement, bauxite, sugar, and scrap metals.
CTRM Target Price
Castor Maritime saw a decline in short interest in January. As of January 15th, there was short interest totaling 1,790,000 shares, a decline of 15.2% from the December 31st total of 2,110,000 shares. Based on an average daily volume of 1,990,000 shares, the days-to-cover ratio is currently 0.9 days. View Castor Maritime's Short Interest.
Castor Maritime Inc ( CTRM ) Stock Market info
CTRM price target in 14 days: 2.285 USD* upside and 1.483 USD* downside. (Highest and lowest possible predicted price in a 14 day period)
What happened
Recommendations: Buy or sell Castor Maritime stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Castor Maritime share forecasts, stock quote and buy / sell signals below.
So what
Something strange is happening with dry bulk shipping stocks Tuesday. As of 11:45 a.m. EDT, shares of Star Bulk Carriers ( SBLK 6.64% ) are down 8.8% and Safe Bulkers ( SB 2.55% ) is off 10.6%, but penny stock and fellow dry bulk shipper Castor Maritime ( CTRM -2.42% ) is sailing in the opposite direction, up 8.7%.
NASDAQ: CTRM
The first two are easier to explain than the last. As you may have heard, the Baltic Exchange Dry Index (BDI), which tracks the rates that dry bulk shipping companies can charge for hauling dry bulk goods (e.g., coal, iron pellets, and grain) across the ocean, peaked at 3,266 on May 5 -- up 138% from the start of this year.
Now what
The BDI closed at 2,881 yesterday -- still up 110% from where it began the year, but well off its peak -- and that may be making some dry bulk shipping investors nervous.
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That explains why Star Bulk and Safe Bulkers stocks are going down today -- but what about Castor Maritime? Why is that particular dry bulk shipping stock going up?
How much did Castor Maritime raise?
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When will Castor Maritime stock split?
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.
Does Castor Maritime make a profit?
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 Robert Lakin have any positions in Berr?
As InvestorPlace contributor Jonathan Berr noted earlier this month, Castor Maritime doesn’t make a profit.
So what
There’s little in today’s news to believe that outlook has changed. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Now what
The BDI tracks the rates shippers like Castor Maritime can get for hauling dry bulk goods (e.g., coal, iron pellets, and grain) across the ocean. The problem is, over the last three weeks, the BDI has shed 10% of its value.
