Castor Maritime (CTRM) Stock Price, News & Analysis

Company Overview

Castor Maritime Inc. provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments. It offers seaborne transportation services for dry bulk cargo; and commodities, such as iron ore, coal, soybeans, etc. As of December 31, 2023, the company owned and operated a fleet of 17 vessels primarily consisting of one Capesize, five Kamsarmax, two Handysize tanker vessels, and nine Panamax dry bulk vessels, as well as two 2,700 TEU containership vessels. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.

Key Stats

• Today's Range: $2.82 to $2.97
• 50-Day Range: $2.81 to $4.15
• 52-Week Range: $2.77 to $6.50
• Volume: 63,828 shs
• Average Volume: 64,830 shs
• Market Capitalization: $27.54 million
• P/E Ratio: 0.85
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Castor Maritime Stock Analysis - MarketRank™

Castor Maritime scored higher than 19% of companies evaluated by MarketBeat, and ranked 118th out of 130 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Castor Maritime.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Castor Maritime is 0.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Castor Maritime is 0.85, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.81.

Price to Book Value per Share Ratio

Castor Maritime has a P/B Ratio of 0.06. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.93% of the float of Castor Maritime has been sold short.

Short Interest Ratio / Days to Cover

Castor Maritime has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Castor Maritime has recently increased by 18.68%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Castor Maritime does not currently pay a dividend.

Dividend Growth

Castor Maritime does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.93% of the float of Castor Maritime has been sold short.

Short Interest Ratio / Days to Cover

Castor Maritime has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Castor Maritime has recently increased by 18.68%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.72

News Sentiment

Castor Maritime has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Castor Maritime this week, compared to 0 articles on an average week.

Search Interest

Only 1 people have searched for CTRM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Castor Maritime to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Castor Maritime insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 1.08% of the stock of Castor Maritime is held by institutions.

CTRM Stock Analysis - Frequently Asked Questions

How have CTRM shares performed this year?

Castor Maritime's stock was trading at $4.25 at the beginning of 2024. Since then, CTRM shares have decreased by 32.9% and is now trading at $2.85.
View the best growth stocks for 2024 here.

When did Castor Maritime's stock split?

Castor Maritime shares reverse split before market open on Wednesday, March 27th 2024. The 1-10 reverse split was announced on Wednesday, March 27th 2024. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, March 27th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Who are Castor Maritime's major shareholders?

Top institutional shareholders of Castor Maritime include Towerview LLC (0.13%).

How do I buy shares of Castor Maritime?

Shares of CTRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Castor Maritime own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Castor Maritime investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), AST SpaceMobile (ASTS), NIO (NIO), Bakkt (BKKT) and Phunware (PHUN).

Company Calendar

• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:CTRM
• CUSIP: N/A
• CIK: 1720161
• Web: www.castormaritime.com
• Phone: 357-2535-7767
• Fax: 357-2535-7796
• Employees: 1
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $3.35
• Trailing P/E Ratio: 0.85
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $38.64 million
• Net Margins: 95.54%
• Pretax Margin: 95.78%
• Return on Equity: 13.09%
• Return on Assets: 10.70%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 32.20
• Quick Ratio: 32.06

Sales & Book Value

• Annual Sales: $76.44 million
• Price / Sales: 0.36
• Cash Flow: $4.67 per share
• Price / Cash Flow: 0.61
• Book Value: $47.73 per share
• Price / Book: 0.06

Miscellaneous

• Outstanding Shares: 9,662,000
• Free Float: N/A
• Market Cap: $27.54 million
• Optionable: Optionable
• Beta: 0.89