The stock price of the global shipping company has been surging 9.43% in the pre-market session hovering at $1.16 as of 7:02 a.m. EST and that too in absence of any news directly linked to the surge. It … Over the past month, the stock has suffered -22.11% in value. Why Castor Maritime Stock Crashed Today Apr. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Since then, SHIP stock has increased by 291.4% and is now trading at $0.9589. The P/E ratio of Castor Maritime is 4.23, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 26.85. So it’s no surprise to see the shorts jump on it in January, 2021. Turning out attention to how the Castor Maritime Inc. stock has performed in comparison to its peers in the industry, here’s what we find: CTRM’s stock is -3.39% on the day and +16.28% in the past 12 months, while Kirby Corp (KEX) traded +1.34% in the last session and was positioned +43.18% up on its price 12 months ago. Investors were left wondering what to make of the … Why Castor Maritime (CTRM) Stock Is Falling Today Read … The problem is, over the last three weeks, the BDI has shed 10% of its value. Company profile page for Castor Maritime Inc including stock price, company news, press releases, executives, board members, and contact information Why It's Moving. 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. Click here now. Get the hottest stocks to trade every day before the market opens 100% free. On Feb. 1, the shipping specialist announced an agreement to purchase … On Friday, dry bulk owner Castor Maritime closed an offering that raised $20.7 million through the sale of shares and warrants priced at 35 cents. The company’s stock price has collected -10.88% of loss in the last five trading sessions. The stock's volume is currently 152.94 million, which is roughly 332.02% of its recent 30-day volume average of 46.06 million. Castor Maritime’s share price seems to have melted down for good after the short-squeezing frenzy seen in February, with the company’s valuation dropping from an eye-popping high of $700 million to $330 million by the end of March 2021.. Castor Maritime Inc. (NASDAQ:CTRM) shares, dropped in value on Thursday, Apr 08, with the stock price down by -2.59% to the previous day’s close as weak demand from buyers trailed the stock to $0.49. In examining the 52-week price action we see that the stock hit a 52-week high of $1.95 and a 52-week low of $0.11. In the investment sector, you win some and you lose some. The BDI tracks the rates shippers like Castor Maritime can get for hauling dry bulk goods (e.g., coal, iron pellets, and grain) across the ocean. 5, 2021 at 2:38 p.m. So what Castor Maritime is growing its fleet by acquiring new vessels. What happened. The stock has a 52-week high of $2.60 and a 52-week low of 14 cents. ET on Motley Fool CTRM Stock: The Big News That Has Castor Maritime Sinking Today The stock has a 52-week high of $2.60 and a 52-week low of 14 cents. The dry bulk vessels-focused marine shipping company Castor Maritime Inc. (CTRM) has seen its stock price falling -10.35% to $0.350 in the premarket session today and in the early minutes of the regular session, the loss has been declined to -8.71% with price buoying around $0.3565. Castor Maritime has recently grown its fleet to a grand total of 8 vessels. Here’s everything investors need to know about Castor Maritime and CTRM stock today.. The BDI tracks the rates shippers like Castor Maritime can get for hauling dry bulk goods (e.g., coal, iron pellets, and grain) across the ocean. So what. Castor Maritime Inc. (NASDAQ:CTRM) went down by -3.02% from its latest closing price compared to the recent 1-year high of $1.95. However, it's time to sell CTRM stock before the party ends. Announces Pricing of $125 Million Registered Direct Offering.. Get the hottest stocks to trade every day before the market opens 100% free. The summary for CASTOR MARITIME INC is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots. All three of these companies have had positive developments that have helped to spur sharp rallies in their share prices in recent weeks. So what. -14.05%: … Castor Maritime stock was up 53.36% at $1.28. Castor Maritime (NASDAQ:CTRM) stock is fairly alluring. The company report on April 5, 2021 that Castor Maritime Inc. The company has completed a direct offering of its shares that was announced late last week. Castor Maritime Inc. (NASDAQ:CTRM) scored a price-to-earnings ratio above its average ratio, recording 0.26 x from its present earnings ratio. Seanergy Maritime's stock was trading at $0.2450 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). They made a filing with the SEC (a shelf registration), dated 1/26 but published 1/27, and available here . In the macro picture, Castor Maritime fell to a loss making position during the year. Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of dry bulk vessels. However, the stock has now posted big gains in 2021. Says Buy THIS Now The post Donâ t Fight the Tape With Castor Maritime Stock appeared first on InvestorPlace. Another maritime stock that has been performing recently is Castor Maritime Inc. (NASDAQ:CTRM). Castor Maritime also points out that the deal needs to complete customary closing conditions before it can get the vessel. 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.” The stock has a 52-week high of $2.60 and a 52-week low of 14 cents. Castor Maritime enjoyed a rising tide thanks to an improving economy. However, it is still -809.09% lower than its most recent low trading price. Price to Book Value per Share Ratio. The stock has a 52-week high of $2.60 and a 52-week low of 14 cents. Some investors no doubt dumped the stock as a result and it’s been one of the most down-trodden stocks of the pandemic, that is, until now. So what. Altogether, U.S.-listed shipping penny stocks trading below 50 cents per share have raised, priced or announced offerings with aggregate gross proceeds of $182.7 million so far this year. After opening the year at 19 cents, shares rocketed to a close of $1.73 on Feb. 11. Results are available at a quick glance. A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Castor Maritime Inc. no upward and no downward comments were posted in the last 7 days. If we look at the average trading volume of 174.90M shares, CTRM reached to a volume of 78352688 in the most recent trading day, which is why market watchdogs consider the stock to be active. Press Release reported on 04/01/21 that Thinking about buying stock in Future Fintech, Advanced Micro Devices, Uxin, Castor Maritime, or FuelCell Energy? Castor Maritime, Inc. () Stock Market info Recommendations: Buy or sell Castor Maritime stock? The company has also increased its number of shares outstanding several times over through multiple offerings. Castor Maritime stock was up 53.36% at $1.28. Castor Maritime Inc. Castor Maritime, Inc. engages in the provision of shipping transportation services through its ownership of dry bulk vessels. Technical analysis gauges display real-time ratings for the selected timeframes. Castor Maritime Inc. [NASDAQ: CTRM] traded at a low on 04/05/21, posting a -20.98 loss after which it closed the day’ session at $0.58. After rallying for the last 3 sessions, Castor Maritime Inc. (CTRM) stock seems to be continuing the trend today. The company is a shipping operator that is aggressively growing its fleet. Shares of Globalstar (NYSEMKT: GSAT), Castor Maritime (NASDAQ: CTRM), and Zomedica (NYSEMKT: ZOM) climbed 15%, 12%, and 10%, respectively, on Wednesday, as traders furthered their love affair with low-priced stocks.. Castor Maritime has a P/B Ratio of 0.09. 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