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What Do Analysts Say About Castor Maritime Inc. (CTRM)?

Castor Maritime Inc. (CTRM) saw an uptrend of 9.85% in the recent trading with $1.45 being its most recent. The current price level -40.82% lower than the highest price of $2.45 marked by the stock while trading over the past 52-weeks, whereas it is 45.00% higher than the lowest price of $1.00 the company dropped to over past 52-weeks. The latest news story on CTRM appeared in GlobeNewswire under the title “Castor Maritime Inc. Reports Record Net income of $37.1 Million for the Three Months Ended September 30, 2022 and $84.9 Million Net income for the Nine Months Ended September 30, 2022” on Nov-23-22.

Squeezing the time span to 30 day period shows us the stock is currently trading -1.36% below one month high and is +31.75% above of the lowest during that time. Looking into the simple moving average, Castor Maritime Inc. (CTRM)’s stock stands at a SMA-50 of $1.1975 while that of 5-day is reading $1.3340.

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Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CTRM’s SMA-200 as of now is $1.5700.

Castor Maritime Inc. Earnings – What Happened With CTRM

Coming around sales and income figures on CTRM Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $67.5 billion.

CTRM – Castor Maritime Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 94.61 million. CTRM does have institutional investors; and they hold 1.40% of the stock.

Castor Maritime Inc. – Insider Activity and Holdings

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Castor Maritime Inc. was 1.61 while posting a debt to equity ratio of 0.37.

Technical Analysis of Castor Maritime Inc. (NASDAQ:CTRM) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Castor Maritime Inc. (CTRM), we notice that the stock’s 20-day average volume is at 498,725 shares. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 512,378 shares. And to end, CTRM’s 100-day average volume is 599,615 shares with 50% of the long-term indicators pointing towards Sell for the stock.

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