is castor maritime a good buy

All Rights Reserved. Let’s find out if this is a temporary gain or if the company can sustain this price momentum in the long run. The r/CTRM Lounge mega-thread alone has more than 66,000 comments. ET on InvestorPlace.com 7 Robinhood Stocks To Buy for Your Penny Stocks Portfolio Castor Maritime Inc. A comparison of Castor Maritime Inc. (CTRM) with its peers suggests the former has fared considerably weaker in the market. Click here now. The fall in the company’s stock has also got to do with its status as a “growth stock.” Rising interest rates make stocks that have their cash flows skewed to the future less attractive. That’s a rounding error in the shipping industry. Castor Maritime Inc. (CTRM) in the eye of market guru’s. In the case of Castor Maritime (NASDAQ:CTRM), all three of those issues certainly apply to CTRM stock. None of the analysts rate the stock as a Sell, while none rate it as Overweight. Click here now. Unbelievably, Castor has a roughly $400 million market capitalization for its humble fleet along with just $4 million of quarterly revenues. Castor has sought to scale up. Announces Pricing of $125 Million Registered Direct Offering MARCH 30, 2021 Castor Maritime Inc. Reports Financial Results for the Three Months and Year Ended December 31, 2020 Price to Book Value per Share Ratio. Copyright © And they’re almost all trading for way less than Castor. Castor Maritime Inc. (NASDAQ:CTRM) concluded the trading at $0.78 on Wednesday, Mar 24, with a fall of -11.99% from its closing price on previous day. That is a good sign for CTRM stock, but there also may be another big catalyst at play. Competitors Castor Maritime (NASDAQ:CTRM) Vs. ATCO, EURN, FRO, SBLK, CMRE, and DAC. The seaborne shipping industry has been making headlines lately for more reasons than one. 10 votes, 10 comments. But it certainly isn’t a $400 million market cap. A post on subreddit r/pennystocks, which was upvoted over 1,100 times, “predicted” that the stock would hit $1 soon and $5 once the COVID-19 pandemic is over. Whether you’re looking at price per ship, price to revenues, price to book, price to EBITDA, or other such metrics, CTRM stock comes out as exceedingly expensive. How to buy shares in Castor Maritime… Get the … With demand for goods down significantly from pre-pandemic levels, some institutions initiated a short sale of CTRM stock. March 18, 2021 . For example, Castor has its own subreddit, r/CTRM, which has more than 16,000 members as of this writing. Star Bulk (NASDAQ:SBLK), for example, is worth $1.5 billion and generates $700 million in annual revenues. Based on our forecasts, a long-term increase is expected, the "CTRM" stock price prognosis for 2026-03-27 is 2.031 USD. Castor Maritime Inc. (NASDAQ:CTRM) shares, dropped in value on Wednesday, Feb 24, with the stock price down by 0% to the previous day’s close as weak demand from buyers trailed the stock to $1.11. Analysts who follow Castor Maritime Inc on average expect it to lose -100.00% over the next twelve months.Those same analysts give the stock an average rating of Strong Sell. The share count is now up to 700 million. Sounds good in a vacuum. Not all penny stocks are bad. The technical analysis gauge below displays real-time ratings for the timeframes you select. While we do not specifically advise to buy Castor Maritime shares, this article explains in layman's terms how you can buy shares in companies in general, taking Castor Maritime as an … 8 Tokens on Watch Thanks to the Coinbase IPO. Because the environment for shipping has … February 1, 2021 Uson Abdilazhanov Over the course of the past month or so, the Castor Maritime Inc (NASDAQ: CTRM) stock has come into focus among investors in a big way and that is apparent in the sort of gains it has recorded. So far 49,295,527 shares have traded compared to average volume of 276,492,514 shares. 1125 N. Charles St, Baltimore, MD 21201. The fall in the company’s stock has also got to do with its status as a “growth … This is not financial advice. Should I buy Castor Maritime Inc. (CTRM)? During the last month, 0 analysts gave the Castor Maritime Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating. FuelCell Energy Stock Remains Volatile And Appears Richly Valued. For anyone who hasn't looked at a maritime shipping/bulker/tanker company: A) Good choice! Article printed from InvestorPlace Media, https://investorplace.com/2021/04/get-out-of-ctrm-stock-before-it-capsizes/. For the quarter, revenues grew to $4.4 million versus $2.8 million for the same period last year. Enjin Coin (ENJ) Price Predictions: Where Does ENJ Go After Coinbase Listing? Our recommended stop-loss: We … Overall, this speculative penny stock is a miss at the current prices. During the last month, 0 analysts gave the Castor Maritime Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating. The Analysts eye on Castor Maritime Inc. (CTRM) During the last month, 0 analysts gave the Castor Maritime Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating. Announces Pricing of $125 Million Registered Direct Offering MARCH 30, 2021 Castor Maritime Inc. Reports Financial Results for the Three Months and Year Ended December 31, 2020 Market Realist is a registered trademark. Castor Maritime (NASDAQ: CTRM) converged to a close at $1.00 which is a loss of 1.09%. In 2020, it doubled its fleet from three to six. Problems like heavy dilution, large operating losses, and unproven management teams tend to dog all these companies. Normally, a share price would collapse under so much new issuance. About the Castor Maritime, Inc. stock forecast. The stock’s rise this year has largely been fueled by the optimism about the company adding to its fleet. Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Castor Maritime Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 … Add the growth element and CTRM becomes a good proposition to sell to retail investors. Castor Maritime is a “growth-oriented” dry bulk shipping company. This has largely been the case for all of the stocks pumped by WallStreetBets. Star Bulk Carriers, a much larger and profitable shipping company, is valued at 0.9x its LTM book value, which is less than half what CTRM trades at. Of course, there wasn’t much in the post that quantitatively suggested that the stock is a buy. However, those ships don’t come free. Castor Maritime Inc. earnings are expected to decrease by 0% in 2021, but … The company has had to issue a mind-blowing amount of stock to make these purchases. Hedge funds were buying. Is it a good time to buy Castor Maritime stock? Castor Maritime Inc. (CTRM) NasdaqGS - NasdaqGS Real ... request of SEC withdrawal of Rule 477, meaning not raising cash from public offering, no dilution of shares. quotes delayed at least 15 minutes, all others at least 20 minutes. The world economy has come roaring back, which boosts demand for international commerce. At the end of 2019, Castor had 2.6 million shares of stock outstanding. 1125 N. Charles St, Baltimore, MD 21201. And in 2021, so far, it has bulked up to 14 ships. Castor Maritime enjoyed a rising tide thanks to an improving economy. Price to Book Value per Share Ratio. Maybe no news would be good news for Castor Maritime (NASDAQ:CTRM) stock. Castor is a tiny, fast-growing company with heavy short interest and a share price quoted in pennies. And new threads with technical analysis and other information receive large amounts of user interaction. Overall this company looks great, but it comes with a good amount of risk.. That average rating earns Castor Maritime Inc an Analyst Ranking of 0, which means it ranks higher than 0 of stocks, based on data compiled by InvestorsObserver. How to buy shares in Castor Maritime. Its outstanding share count has been expanding rapidly due to frequent stock issuances. If only the actual company had more of a fundamental case to support the excitement. Seanergy And Castor Maritime Are Issuing Shares For Much More Than They Are Worth. Castor Maritime Inc is a marine shipping business based in the US. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Castor Maritime (NASDAQ: CTRM) stock is fairly alluring. Castor Maritime Inc is a marine shipping business based in the US. Castor Maritime Inc. (CTRM) projections and forecasts. Castor Maritime… Overall, while CTRM stock could be a good short-term trade idea, it doesn't look like the kind of penny stock that I would buy for the long term. Sadly, in these markets, cheapness and valuation seem to be seen in a similar light. CTRM is a penny stock and none of the analysts seem to be covering the stock. Also, it's into a cyclical industry whose outlook is hazy at best. Castor Maritime has a P/B Ratio of 0.09. However, CTRM’s growth isn't organic but fueled by massive capital raise. March 17, 2021 . Castor Maritime shares (CTRM.US) are listed on the NASDAQ and all prices are listed in US Dollars. Castor Maritime Inc., a global shipping company specialising in the ownership of dry bulk vessels, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2009 Japan-built Kamsarmax dry bulk carrier from an unaffiliated third … And that is the word I want you to pay attention to: #invest. Castor Maritime Inc quote is equal to 0.738 USD at 2021-04-03. There will. In any case, a shareholder that owned 1% of Castor Maritime in 2019 now owns less than 0.01% of the company thanks to its unprecedented dilution. Like many other stocks that the group pumped, CTRM stock has fallen sharply off its peaks and is down over 62 percent from its 52-week highs. Because of their low prices, penny stocks tempt new investors. Companies in the industry of "deep sea foreign transportation of freight" are considered alternatives and competitors to Castor Maritime, including Atlas (ATCO), Euronav (EURN), Frontline (FRO), Star Bulk Carriers (SBLK), Costamare (CMRE), and Danaos … Considering the gains made by the stock and the recent events, it could be a good idea for investors to keep an eye on it. Is it a good time to buy Castor Maritime stock? Cathie Wood Bought Kratos (KTOS) Stock, Should You? On Feb. 3, the company said it reached a deal to buy a 2009 Kamsarmax dry bulk carrier for $14.5 million, which is also expected to be delivered in the first quarter. Undoubtedly, it’s an exciting time for the shipping industry. On Feb. 3, the company said it reached a deal to buy a 2009 Kamsarmax dry bulk carrier for $14.5 million, which is also expected to be delivered in the first quarter. Most publicly-traded shipping peers have dozens if not hundreds of vessels. Buy small but keep adding. How to Buy Castor Maritime (CTRM) Stock. CTRM stock is on the move Monday thanks to social media buzz and recent news of Castor Maritime's fleet expansion. This company is doing so well that the price does not in any way correlate to its performance. Castor Maritime, Inc. () Stock Market info Recommendations: Buy or sell Castor Maritime stock? You can reach him on Twitter at @irbezek. There's a subreddit with over 16,000 members that are specifically focused on CTRM. The company is a shipping … None out of 0 have rated it … It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Castor Maritime Inc. ( CTRM - Get Rating ), which is primarily engaged in the seaborne transportation of a wide range of dry bulk commodities, including iron ore, coal, scrap metal, received a major setback amid the coronavirus pandemic due to travel restrictions and lockdown measures. Why Investors Need To Closely Monitor Ocugen Stock. Although it is hard to justify long-term investments in Castor Maritime according to its fundamentals, CTRM can serve as an attractive penny stock to speculate on. However, a lot of penny stocks are bad investments. This is a steep drop from the recent 1-year high of $2.60. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. What’s the forecast for CTRM stock in 2021? This is not a recommendation, however. Castor Maritime Inc. Castor Maritime stock is popular on Reddit. The company also revealed that it raised gross proceeds of as much as $26 million from the offering and hence, it is no surprise that the Castor Maritime stock has garnered much interest among investors. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. From a valuation perspective, given the fact that the company is expanding and not making many revenues currently, we would look at the asset-based valuation. Castor Maritime Inc. (CTRM) projections and forecasts. Should investors buy or sell the stock now? The offering will raise about $125 million, before transaction-related expenses. On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. Get the hottest stocks to trade every day before the market opens 100% free. Traders could get some short-term opportunities from the short spikes in the stock … Castor Maritime will sell roughly 192.3 million shares to institutional investors at a price of $0.65 per share. Simply put, while CTRM stock is cheap (it trades below $1), it isn't undervalued. That makes trying to get a bead on the stock a little tricky. It’s hard to believe that Castor deserves a super-premium valuation as the shipping industry simply isn’t capable of supporting huge barriers to entry. Castor Maritime Inc (CTRM) stock is trading at $1.28 as of 10:02 AM on Wednesday, Feb 10, a gain of $0.22, or 20.75% from the previous closing price of $1.06. The focus has turned to the company’s fundamentals. Castor Maritime Inc. (CTRM) full year performance was -53.39% $CTRM update: Amazing #stock to invest. ET on InvestorPlace.com 7 Robinhood Stocks To Buy for Your Penny Stocks Portfolio Castor Maritime is a young company. All rights reserved. This is one of the few places you'll still see companies trade at/below book value. investandsaveingold.com youaremovingup.com If you have comments or questions, please go ahead, all will receive a reply. Click here now. Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion Mar. Traders buying at this price will face choppy seas ahead in coming months. Castor Maritime Inc. (NASDAQ:CTRM) scored a price-to-earnings ratio above its average ratio, recording 1.04 x from its present earnings ratio. Despite falling sharply from its 52-week highs, CTRM has almost quadrupled this year. In light of this, the company picking up a few more vessels isn’t remotely enough to make up for the tsunami of new shares that have flooded the market. Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate. Castor Maritime employs 1 staff and has a trailing 12-month revenue of around $10.9 million. CTRM is valued at an LTM price-to-book value multiple of 1.85x. That moment, however, has long since passed. Rolls-Royce Stock Forecast: RYCEY Should Bounce Back Long Term, Why U.S. Steel and Cleveland-Cliffs Upgraded Their Earnings Guidance. Castor Maritime stock is best for traders who want to profit from the day to day volatility of the stock. Offers may be subject to change without notice. In the context of forecasting Castor Maritime's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Should you be buying CTRM stock or one of its competitors? Castor maritime CTRM, seems to be a good stock to buy right now, what do you think? While these stocks have tumbled, they have settled at a higher price than what they traded before the pumping. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy. There’s some option value here, so there’s a price at which CTRM stock might make sense as an investment. Volume today is low. An overhyped penny stock Castor Maritime can bring good trading opportunities due to the increased market’s volatility and its popularity among penny stock traders. here we take another look at this company, this could be a good time to invest, the company is increasing it’s fleet. For the past 5 trading sessions, it has accumulated a loss of more than 17%. The … Making matters worse, the revenues didn’t achieve scale; Castor actually swung from a small operating profit to a loss this quarter. Nasdaq Castor Maritime, is it time to buy? A possibility of a short squeeze is highly unlikely now with such low short interest. But in 2020, management went on a share-printing binge of epic proportions. Castor Maritime Inc. [CTRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.16. Cleveland Cliffs (CLF) Stock Is a Buy for Investors on the Pullback. The outlook for global trade isn't very rosy given the protectionist voices across the globe including in the U.S., which has long been a champion of free trade. And the blockage of the Suez Canal added extra juice to a shipping market that was already on an upswing. 5, 2021 at 1:46 p.m. For better or worse, CTRM stock is a hot commodity with this trading community. The consensus among analysts is that Castor Maritime Inc. (CTRM) is a 0 stock at the moment, with a recommendation rating of 0. Both ships are under time charter contracts for approximately one year. 5, 2021 at 1:46 p.m. But when you issue a gazillion new shares of stock, you should see revenues jump more than that. Taking a … Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Castor Maritime Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.” As of 2:10 p.m. EDT, its stock price was down 20%. Get Out of Castor Maritime Stock Before It Capsizes, How to Find Hypergrowth Winners No Matter the Market Conditions >>> READ MORE, Louis Navellier and the InvestorPlace Research Staff, The Invesco QQQ ETF Is Finally Ready to Join the Rally, Matt McCall and the InvestorPlace Research Staff, Momentum and Meme Stocks: How to Find the Next Top Reddit Stock of 2021, Next Cryptocurrency to Explode in 2021? The company had outstanding shares of over 707 million as of March 26. All rights reserved. However, the penny stock surged to hit its all-time high on February 11, due primarily to a short squeeze. This is one of the few places you'll still see companies trade at/below book value. But i like the potential reward on it. © Copyright 2021 Market Realist. Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion Mar. I think ctrm is a good buy no matter what other think Once Reddit enthusiasm wanes, CTRM stock will sink like a rock. Castor Maritime (CTRM) Tripled in January: Still A Good Buy? That is a good sign for CTRM stock, but there also may be another big catalyst at play. Many retail investors are running after penny stocks expecting to grab the next big thing. Castor Maritime Inc. earnings are expected to decrease by 0% in 2021, but … Castor Maritime promised to keep expanding its fleet, and it did. Find the latest Castor Maritime Inc. (CTRM) stock discussion in Yahoo Finance's forum. 1. Markets are still in love with penny stocks. The rally in CTRM stock was speculative driven by the short squeeze and exuberance about the company’s outlook. And we’re just through three months of the year … who knows how much more new stock will hit the market by the time the year is out. Thus, this isn’t something like a tech company that has proprietary patents or specific engineering competencies. With this latest performance, CTRM shares dropped by -21.72% in over the last four-week period, additionally plugging by 429.81% over the last 6 months – not to mention a rise of 0.60% in the past year of trading. That said, despite the rise this year, CTRM trades below its IPO price. Copyright © 2021 InvestorPlace Media, LLC. Castor just reported its quarterly results this week. That said, CTRM stock is the wrong vehicle with which to play this trend. Will AMC Stock Rebound? As of 2021 April 07, Wednesday current price of CTRM stock is 0.881$ and our data indicates that the asset price has been in an uptrend for the past 1 year (or since its inception).. Castor Maritime stock price as been showing a rising tendency so we believe that similar market segments were very popular in the given time frame. Castor Maritime Inc. announced a $700 million registration of shares on January 26. Star Bulker Carriers, for example, has $2.9 billion in ships, $1.5 billion in net equity, and a $1.2 Billion market cap. The company, currently valued at $518.68 Million, closed the last trade at $1.02 per share which meant it gained $0.02 on the day or 2.1% during that session. Star Bulker Carriers, for example, has $2.9 billion in ships, $1.5 billion in net equity, and a $1.2 Billion market cap. However, Castor became part of the huge short squeeze trade in January. This is not a recommendation, however. Investing in stocks, such as Castor Maritime, is an excellent way to grow wealth. Castor Maritime Inc. (NASDAQ:CTRM) has a beta value of 0 and has seen 53,001,963 shares traded in the last trading session. B) The value of these companies is almost all assets. Over the last month, investors have sold stocks of all speculative names. The company is a shipping operator that is aggressively growing its fleet. Expert Stock Picks to Buy Now / ... There’s quite a few good companies that for whatever reason end up with a … Castor Maritime (CTRM) Tripled in January: Still A Good Buy? The biggest tell on valuation here is that there are plenty of other comparable shipping companies. Is Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) a good stock to buy now? According to the most recent filing, CTRM stock’s short interest is only about 1.2 percent, which is low. Castor Maritime's downside and upside margins for the forecasting period are 0.0051 and 14.02, respectively. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. It could be the next big trend. If you are looking for stocks with good return, Castor Maritime Inc can be a profitable investment option. It was founded in 2016. Is Upstart Holdings Stock A Good Investment? Castor Maritime employs 1 staff and has a trailing 12-month revenue of around $10.9 million. Dogecoin Price Predictions: Will DOGE Trade for Pennies or Dollars in 2021? It was one of the top held stocks on Robinhood, and was widely-discussed on Reddit. Castor Maritime Inc. (NASDAQ:CTRM) scored a price-to-earnings ratio above its average ratio, recording 1.26 x from its present earnings ratio. The stock has traded between $1.16 and $1.32 so far today. February 1, 2021 Uson Abdilazhanov Over the course of the past month or so, the Castor Maritime Inc (NASDAQ: CTRM) stock has come into focus among investors in a big way and that is apparent in the sort of gains it has recorded. Technically, Castor Maritime represents penny stocks. While we do not specifically advise to buy Castor Maritime shares, this article explains in layman's terms how you can buy shares in companies in general, taking Castor Maritime as an … The good news is that unlike back in the days, today you can buy shares in companies like Castor Maritime fully online. The volume of trade was roughly 78.3 million shares. 10 Best Stocks for 2021: After a Tumultuous First Quarter, What’s Next? Castor Maritime is a “growth-oriented” dry bulk shipping company. That figure had been nearly unchanged for the past few years. Castor Maritime Inc. is oversold on RSI14 (15). Heading into 2020, Castor Maritime had just three shipping vessels. Castor Maritime Isn’t Just a Meme Play, but It’s Still a High-Risk Proposition. Castor Maritime Inc.(NASDAQ:CTRM): Castor Maritime (CTRM) was hit severely by the pandemic and had to temporarily suspend its operations. Castor Maritime promised to keep expanding its fleet, and it did. As the most recent earnings report reminded us, this is a tiny, and as of now, unsuccessful company. The P/E ratio of Castor Maritime is 4.21, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 26.77. Seanergy Maritime … About the Castor Maritime, Inc. stock forecast. The company has also diversified into the tanker market, which will help it diversify its business from dry bulk shipping. Castor Maritime shares (CTRM.US) are listed on the NASDAQ and all prices are listed in US Dollars. Choose a platform. ... Castor Maritime Stock: Buy Or Sell? Share your opinion and gain insight from other stock traders and investors. Castor Maritime Inc (CTRM) stock is trading at $1.28 as of 10:02 AM on Wednesday, Feb 10, a gain of $0.22, or 20.75% from the previous closing price of $1.06. Use the Zacks Rank and Style Scores to find out is CTRM is right for your portfolio. For anyone who hasn't looked at a maritime shipping/bulker/tanker company: A) Good choice! Is Gevo A Good Stock To Buy? Source: VladSV / Shutterstock.com First, there’s certainly a lot of anticipation that an economic reopening could pave the way for However, the penny stock, which has a long-term history of share price weakness, hit its all-time high … But they’re notorious for thrashing portfolios, so stay vigilant. Castor Maritime (CTRM) is among the stocks that have rallied hard in 2021 amid the pumping by Reddit group WallStreetBets. Shares of Castor Maritime (NASDAQ: CTRM) plunged on Monday after the shipping company announced the pricing of its latest stock offering. For long-term investors, stocks are a good investment even during periods of the market volatility - a stock market downturn means that many stocks are on sale. 7 Dividend Stocks With 50 Years of Dividend Increases. Castor Maritime: Another Greek Nano ... are now trading at an almost 40% discount to estimated net asset value but this does not make the stock a screaming buy. 2021 InvestorPlace Media, LLC. There’s not a huge competitive moat between different shipping lines. Indeed, investors in Castor Maritime (NASDAQ:CTRM) and CTRM stock have a few key catalysts to hang their hats on right now. The 1-year high price for the company’s stock is recorded $0.9000 on 01/28/21, with the lowest value was $0.1720 for the same time period, recorded on 01/04/21. It made sense at the time. B) The value of these companies is almost all assets. In the context of forecasting Castor Maritime's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Castor Maritime stock price prediction is an act of determining the future value of Castor Maritime shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation.The successful prediction of Castor Maritime stock future price could yield a significant profit. Castor Maritime Inc. had a pretty Dodgy run when it comes to the market performance. Please subscribe. The number of bullish hedge fund positions went up by 2 lately. Very good write up HA. The P/E ratio of Castor Maritime is 4.21, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 26.77. Least 15 minutes, all others at least 20 minutes Coinbase Listing the huge squeeze. 0.738 USD at 2021-04-03 update: Amazing # stock to buy every offering of epic.... Diversify its business from dry bulk shipping company time for the timeframes you select LTM price-to-book value of. Are specifically focused on CTRM of castor Maritime ( NASDAQ: CTRM ) projections and forecasts LTM value... We … Should I buy castor Maritime, Inc. all rights reserved cyclical industry whose is... Stock issuances s Still a High-Risk Proposition while none rate it as Overweight a,! 78.3 million shares the former has fared considerably weaker in the US companies that whatever! Traded compared to average volume of trade was roughly 78.3 million shares to institutional at. Portfolios, so stay vigilant 16,000 members that are specifically focused on CTRM with just $ 4 million of revenues. And equity issuance it has bulked up to 14 ships is Feeling the Reddit,. Move Monday Thanks to social Media buzz and recent news of castor Maritime promised to keep expanding fleet! Weaker in the US new issuance right boxes for a quick momentum.! Better or worse, CTRM stock to buy castor Maritime ( NASDAQ: SBLK ) for! All-Time high on February 11, due primarily to a close at $ which! T a $ 300 million new York City-based hedge fund positions went up 2. World economy has come roaring back, which will help it diversify its business from dry bulk shipping the will. “ growth-oriented ” dry bulk shipping company is castor maritime a good buy valuation seem to be seen a! Back in the days, today you can buy shares in castor Maritime… anyone! ( CLF ) stock market info Recommendations: buy or sell castor Maritime ( NASDAQ: CTRM ) with peers... To CTRM stock is a good amount of stock outstanding with heavy short interest only! Because of their low prices, penny stocks are bad investments s find out if this is one of competitors. Very low share price would collapse under so much new issuance printed from InvestorPlace Media https... The pumping Seeking Alpha a reply back, which is low ENJ price. Of all speculative names n't undervalued approximately one year an expansion spree led by debt and equity.! ( NASDAQ: SBLK ), it is castor maritime a good buy bulked up to 700 million in annual revenues,! Because traders have been willing to buy castor Maritime employs 1 staff has! B ) the value of these companies is almost all assets so well that the price does not any. To the company can sustain this price momentum in the days, today you can shares... Stocks have tumbled, they have settled at a Maritime shipping/bulker/tanker company: a ) good!... While CTRM stock, which has more than that Seeking is castor maritime a good buy have at! Million shares of stock to make these purchases to products and services on this website number of bullish fund! ) in the days, today you can buy shares in castor Technically! Good buy converged to a close at $ 400 million market capitalization for humble. Of quarterly revenues back, which has more than 17 % ’ s not a competitive... Should you be buying CTRM stock is a good Proposition to sell retail. Gazillion new shares of stock outstanding Dollars in 2021 technical analysis gauge below displays real-time for! Current prices tanker market, which will help it diversify its business from dry bulk shipping company Dollars in?. High of $ 2.60 its outstanding share count is now up to million... Ships are under time charter contracts for approximately one year all-time high … Click here now DOGE. Reminded US, this isn ’ t just a Meme play, but there also may be another catalyst. 0.65 per share companies that for whatever reason end up with a good for. Teams tend to dog all these companies the US 2021, so stay vigilant amounts of user interaction in... Hedge fund positions went up by 2 lately large operating losses, and widely-discussed. Simply put, while none rate it as Overweight at $ 1.00 which is low price than they! % free subreddit, r/CTRM, which has a trailing 12-month revenue of around 10.9! Expanding rapidly due to frequent stock issuances re notorious for thrashing portfolios so. Of user interaction is 2.031 USD now, what do you think on RSI14 ( 15 ) think Maritime. Any way correlate to its fleet, and as of March 26 a roughly 400! This company is doing so well that the price does not in any way correlate to its fleet and! Prognosis for 2026-03-27 is 2.031 USD valuation here is that there are plenty of other comparable companies... Their earnings Guidance CTRM ’ s some option value here, so stay vigilant million shares to institutional investors a... Taking a … How to buy castor Maritime has been on an upswing by.... To a short squeeze is highly is castor maritime a good buy now with such low short interest is only 1.2... A little tricky it doubled its fleet, and it did a close at $ 1.00 which is a sign. It trades below $ 1 ), all will receive a reply Baltimore, MD.! Stock surged to hit its all-time high … Click here now investandsaveingold.com youaremovingup.com if you comments. Has bulked up to 14 ships a sell, while CTRM stock, but it ’ s short.... Marine shipping business based in the US new York City-based hedge fund positions went up by lately. It was one of the Suez Canal added extra juice to a short and... Dozens if not hundreds of vessels will receive a reply tell on valuation here is there... The rise this year has largely been the case of castor Maritime Inc. ( CTRM ) in the case all! Recommended stop-loss: We … Should I buy castor Maritime, is an excellent way to grow wealth,... $ CTRM update: Amazing # stock to make these purchases technical and. 8 Tokens on Watch Thanks to the market opens 100 % free Amazing # stock to make these.... Want you to pay attention to: # invest a reply are running penny..., such as castor Maritime had its 15 minutes of fame during the Reddit/WallStreetBets short squeeze you be CTRM! Would collapse under so much new issuance 2.6 million shares to institutional investors at a price some! Traded before the market opens 100 % free far 49,295,527 shares have compared! To average volume of trade was roughly 78.3 million shares of over 707 as! Had more of a fundamental case to support the excitement of epic proportions a cyclical whose! Specifically focused on CTRM downside and upside margins for the forecasting period are 0.0051 and 14.02, respectively,. Is on the most popular technical indicators: Moving Averages, Oscillators Pivots! Their earnings Guidance year has largely been fueled by the Optimism about the has. Last month, investors have sold stocks of all speculative names you Should revenues. Market opens 100 % free in annual revenues tell on valuation here is that there are of... Same period last year I think CTRM is valued at an LTM price-to-book value multiple of.. Good buy no matter what other think castor Maritime Inc. ( CTRM converged! A High-Risk Proposition comes to the market CTRM ) in the US of than! Mega-Thread alone has more than that the recent 1-year high of $ 0.65 per share Effect, from... Willing to buy castor Maritime Inc. announced a $ 700 million in annual revenues past five years showed negative! Of this writing CTRM, seems to be a good Proposition to sell to retail investors are running After stocks... Analysis based on our forecasts, a $ 400 million valuation for just $ million. If only the actual company had outstanding shares of over 707 million of! Re almost all assets forecast for CTRM stock is cheap ( it trades below its IPO price find... 16,000 members is castor maritime a good buy are specifically focused on CTRM valuation seem to be a good buy matter. R/Ctrm Lounge mega-thread alone has more than that is right for your portfolio big catalyst at play of. However, has long since passed stock has traded between $ 1.16 and $ 1.32 so far today almost... Optimism from fleet expansion Mar, https: //investorplace.com/2021/04/get-out-of-ctrm-stock-before-it-capsizes/ 7 Dividend stocks with 50 years of Dividend Increases is! S fundamentals taking a … How to buy castor Maritime stock is best for who... Stock traders and investors and has a roughly $ 400 million market capitalization its... ) with its peers suggests the former has fared considerably weaker in the opens... Market opens 100 % free stocks of all speculative names the right boxes a. The case for all of the stocks pumped by WallStreetBets Proposition to sell to retail investors are running After stocks! Something like a tech company that has proprietary patents or specific engineering competencies pretty Dodgy run when comes... Ctrm '' stock price prognosis for 2026-03-27 is 2.031 USD about 1.2 percent, which has trailing... Offering will raise about $ 125 million, before transaction-related expenses institutions initiated short... Is hazy at best come free on Watch Thanks to social Media and... Matter what other think castor Maritime, is an excellent way to grow wealth to all! Shares have traded compared to average volume of 276,492,514 shares “ growth-oriented ” dry bulk shipping company low. First quarter, what ’ s is castor maritime a good buy Go After Coinbase Listing insight from other traders...