CTRM Stock Summary and Trading Ideas (Castor Maritime - Common Shares | NASDAQ:CTRM)

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under two reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.

Castor Maritime - Common Shares trades on the NASDAQ stock market under the symbol CTRM.

As of April 18, 2024, CTRM stock price declined to $3.44 with 27,662 million shares trading.

CTRM has a beta of 0.04, meaning it tends to be less sensitive to market movements. CTRM has a correlation of 0.00 to the broad based SPY ETF.

CTRM has a market cap of $33.24 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, CTRM stock traded as high as $58.73 and as low as $2.85.

The top ETF exchange traded funds that CTRM belongs to (by Net Assets): KRUZ.

CTRM has underperformed the market in the last year with a price return of -61.8% while the SPY ETF gained +22.2%. CTRM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.3% and -6.0%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

CTRM support price is $3.35 and resistance is $3.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CTRM stock will trade within this expected range on the day.