Shares of Castor Maritime (NASDAQ: CTRM) jumped 12.5% on Monday after the shipping transportation company announced the acquisition of two vessels. Castor Maritime agreed to acquire two Panamax dry bulk carriers from undisclosed third parties for prices of $19.06 million and $21 million.
What is CTRM stock price after its direct offering?
The company has completed a direct offering of its shares that was announced late last week. This has it selling 137 million shares of CTRM stock to investors at a price of 19 cents per share.
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).
Who is the CEO of CTRM?
The company is led by Petros Panagiotidis, who is the founder, chairman, CEO, and CFO of CTRM. CTRM is experiencing heavy trading today with more than 261 million shares changing hands.
How many shares of CTRM shares must be recovered?
I estimate it is around 1.6m shares that MUST be recovered. There are almost none left to push down with, and investors know it is massively undervalued, so this should rocket up next week.... The latest estimate for container shipping has now gone to 200billion up from 150 billion. CTRM will get it's fair share.
Is CTRM stock a good buy?
If you are looking for stocks with good return, Castor Maritime Inc can be a profitable investment option. Castor Maritime Inc quote is equal to 1.455 USD at 2022-06-17. Based on our forecasts, a long-term increase is expected, the "CTRM" stock price prognosis for 2027-06-11 is 2.114 USD.
Will CTRM stock ever 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 $9.96 by 2027.
What is the forecast for CTRM?
Future price of the stock is predicted at 0.19747935697954$ (-91.105% ) after a year according to our prediction system. This means that if you invested $100 now, your current investment may be worth 8.895$ on 2023 April 25, Tuesday.
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 reverse split?
Castor Maritime Inc. (CTRM) will effect a one-for-ten (1-10) reverse split of its common stock. The reverse stock split will become effective on Friday, May 28, 2021.
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Is Ctrm Nasdaq compliant?
Castor Maritime receives 180-day extension from Nasdaq for regaining compliance. Nasdaq granted Castor Maritime (NASDAQ:CTRM) an additional 180-day extension, or until June 28, 2021, to regain compliance with Nasdaq's minimum bid price requirement.
Will NAK stock go up?
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Will Zom stock go up?
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About Castor Maritime
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.
Castor Maritime (NASDAQ:CTRM) Frequently Asked Questions
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.
How much did Castor Maritime make in 2021?
Investors in Castor Maritime (NASDAQ: CTRM) haven't had a pleasant past three months, as the stock has dropped almost 50% in that time. For the three months ended June 30, Castor Maritime earned $6.5 million, building on the $1.1 million profit it made in 2021's first quarter. GlobeNewswire • 10 days ago.
When will Castor take delivery of Magic Eclipse?
(NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that on June 7, 2021, it took delivery of the M/V Magic Eclipse, the 2011 Japanese-built Panamax dry bulk vessel it had agreed to acquire as previously announced on April 9, 2021.
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Why Castor Maritime Stock Is Soaring This Week
The company is taking delivery of new ships at a time when charter rates are high.
