Castor Maritime Inc (NASDAQ:CTRM) price on Friday, March 21, rose 1.59% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.56.
A look at the stock’s price movement, the close in the last trading session was $2.52, moving within a range at $2.5 and $2.57. The beta value (5-Year monthly) was 0.785 while the PE ratio in trailing twelve months stood at 0.80. Turning to its 52-week performance, $5.49 and $2.33 were the 52-week high and 52-week low respectively. Overall, CTRM moved -5.88% over the past month.
Castor Maritime Inc’s market cap currently stands at around $24.74 million, with investors looking forward to this quarter’s earnings report slated for in April.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CTRM is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CTRM’s current price about 3.08% and -2.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.93, while 7-day volatility ratio is 4.49% and 5.81% in the 30-day chart. Further, Castor Maritime Inc (CTRM) has a beta value of 0.77, and an average true range (ATR) of 0.13.
If we refocus on Castor Maritime Inc (NASDAQ:CTRM), historical trading data shows that trading volumes averaged 78440.0 over the past 10 days and 47.23K over the past 3 months. The company’s latest data on shares outstanding shows there are 9.66 million shares.
The 0.12% of Castor Maritime Inc’s shares are in the hands of company insiders while institutional holders own 4.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 34309.0 on 2025-02-28, giving us a short ratio of 0.89. The data shows that as of 2025-02-28 short interest in Castor Maritime Inc (CTRM) stood at 36.000001999999995 of shares outstanding, with shares short falling to 46569.0 registered in 2025-01-31. Current price change has pushed the stock -6.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CTRM stock continues to rise going into the next quarter.
