Most publicly-traded shipping peers have dozens if not hundreds of vessels. What Did the Stock Market Do Today? All rights reserved. https://investorplace.com/2021/04/get-out-of-ctrm-stock-before-it-capsizes Looking forward to the analysts’ Castor Maritime stock predictions 2021-2025, we can see that Walletinvestor has no doubts, whether Castor stock is a Buy or Sell. Once Reddit enthusiasm wanes, CTRM stock will sink like a rock. But it certainly isn’t a $400 million market cap. User account menu. quotes delayed at least 15 minutes, all others at least 20 minutes. Get Out of Castor Maritime Stock Before It Capsizes, 7 Dividend Stocks to Avoid in Your Retirement Portfolio, Louis Navellier and the InvestorPlace Research Staff. In the case of Castor Maritime (NASDAQ:CTRM), all three of those issues certainly apply to CTRM stock. Like 4chan found a bloomberg terminal. Does Castor Maritime pay a dividend? And new threads with technical analysis and other information receive large amounts of user interaction. In 2018, Castor owned a single dry bulk shipping vessel. Copyright © 2021 InvestorPlace Media, LLC. The r/CTRM Lounge mega-thread alone has more than 66,000 comments. Diluted share count of 710 million gives book per share of $0.155. Before the news, Castor … Castor Maritime (NASDAQ: CTRM) is owned by 10.88% institutional shareholders, 0.00% … Castor Maritime (CTRM) is among the stocks that have rallied hard in 2021 amid the pumping by Reddit group WallStreetBets. There’s not a huge competitive moat between different shipping lines. Castor Maritime (NASDAQ: CTRM) reported Q4 2020 earnings per share (EPS) of -$0.01, up 101.14% year over year. Press question mark to learn the rest of the keyboard shortcuts . Castor Maritime (NASDAQ:CTRM) is a small but growing shipping company based in the country of Cyprus. If only the actual company had more of a fundamental case to support the excitement. All rights reserved. It was one of the top held stocks on Robinhood, and was widely-discussed on Reddit. In … … Castor Maritime Dividends FAQ. For example, Castor has its own subreddit, r/CTRM, which has more than 16,000 members as of this writing. Still holding 4k shares from 0.68 no plans on selling at this moment. It’s going to continue to rise. Heading into 2020, Castor Maritime had just three shipping vessels. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. There’s some option value here, so there’s a price at which CTRM stock might make sense as an investment. In the same quarter last year, Castor Maritime's earnings per share (EPS) was $0.88. arent they in danger of getting delisted ? The Best ‘Green Coins’ to Buy. 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. Another Run for $2 Is Possible for Castor Maritime Stock Louis Navellier and the InvestorPlace Research Staff 3/18/2021 Ramsey Clark, former U.S. attorney general and human rights activist, dead at 93 Copyright © 2021 InvestorPlace Media, LLC. Unbelievably, Castor has a roughly $400 million market capitalization for its humble fleet along with just $4 million of quarterly revenues. Their employees are considered “independent contractors”, I had my fun with this one already. Castor Maritime (NASDAQ: CTRM) does not pay a dividend. Meanwhile, Castor is at $400 million valuation for just $18 million in annual revenues. Problems like heavy dilution, large operating losses, and unproven management teams tend to dog all these companies. Cyprus-based company Castor Maritime (NASDAQ:CTRM) was founded in 2017 and is known for shipping dry bulk goods internationally via its own vessels. Castor Maritime was incorporated and. The share count is now up to 700 million. It made sense at the time. Is Castor Maritime's dividend stable? AMC Entertainment : Thinking about buying stock in Castor Maritime, Sundial Growers, Dragon Victory International, Naked Brand, or AMC Entertainment? Source: Pavel Kapysh / Shutterstock.com It’s fine to trade the stock for the short term, but Article printed from InvestorPlace Media, https://investorplace.com/2021/04/get-out-of-ctrm-stock-before-it-capsizes/. The biggest tell on valuation here is that there are plenty of other comparable shipping companies. Press J to jump to the feed. Markets are still in love with penny stocks. 3 Big Stories to Catch Up On. For the quarter, revenues grew to $4.4 million versus $2.8 million for the same period last year. This stock has lots of positive news coming out soon. If you had invested in Castor Maritime stock at $5.05, your return over the last 2 years would have been -91.09%, for an annualized return of -70.15%. Like many other stocks that the group pumped, CTRM … 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. And the blockage of the Suez Canal added extra juice to a shipping market that was already on an upswing. But when you issue a gazillion new shares of stock, you should see revenues jump more than that. Still early in this one. Castor has been able to issue so many shares, in large part, because traders have been willing to buy every offering. Entered NASDAQ Capital Market under the ticker “CTRM”. And they’re almost all trading for way less than Castor. On May 19, iconic growth investor Louis Navellier will reveal how his powerful quant-based stock system could accelerate your wealth and help fund your retirement. $CTRM$ Lots of upward movement past 3 months, and recently announced they would be doubling the size of their fleet of dry, bulk shipping vessels (from 6-12). And in 2021, so far, it has bulked up to 14 ships. They give it a $1.17 median price target for the next 12 months, considering CTRM an “outstanding” long-time investment. Bought in at 0.68$ sold at 1.40$. 2018 - Dec. NOTC. The world economy has come roaring back, which boosts demand for international commerce. The position amounts to 192.3 million shares at $0.65 each. Some traders like to flip CTRM stock for quick gains, evinced by the stock’s heavy daily trading volume. Latest Stock Picks Investing Basics Premium Services. Share this article. Not too late to our party, welcome aboard. $.50 with plenty of room to rise! Castor Maritime stock was originally listed at a price of $5.05 in Feb 11, 2019. 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. by … On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. $53 million of book (9/30) plus $67 million of equity raised since then is book of $110 million. Traders buying at this price will face choppy seas ahead in coming months. The company is a shipping operator that is aggressively growing its fleet. Total Views: 21800 . Still a solid company long term imho. Apparently, large short interest is offset by … He cared about what the future of the company would be. Apr. Might be worth buying back in if it goes low enough. Copy URL; ctrm wallstreetbets : Related News. How Far Can Cardano (ADA) Rise? 141. Warren Buffet once said that he didn't care about the price of a stock. Whoever is selling has no clue what they are doing. Polygon (MATIC) Price Predictions: Where Will #SHIB Hype Take MATIC Crypto Next. Nasdaq Undoubtedly, it’s an exciting time for the shipping industry. There’s quite a few good companies that for whatever reason end up with a very low share price at some point. Don't forget CTRM Castor Maritime. No, CTRM has not paid a dividend within the past 12 months. Castor has sought to scale up. 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. Entered NOTC under the ticker “CASTOR”. Castor Maritime had its 15 minutes of fame during the Reddit/WallStreetBets short squeeze phenomenon back in January. 9.6m members in the wallstreetbets community. It checked the right boxes for a quick momentum trade. Castor Maritime did manage to substantially increase its revenues from 2019 to 2020. (Covered my unrealized AMC losses wit this one). Castor Maritime is a smaller player bidding against much larger competitors for these vessels. I just 1000 shares of CTRN at $74 hope I'm not too late! Castor just reported its quarterly results this week. Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. Castor Maritime put the pedal to the metal this morning, chasing the BDI higher. Expanding nicely but still deeply undervalued, and the company managed to stay profitable during covid. Discussion. It made sense at the time. Shuffleboard will begin at 5pm sharp today, After doing research on these company I don't think I'll ever sell it what this company is doing is very positive I wish I could pull it off, $CTRM I’m holding 130,000 shares. Castor Maritime (NASDAQ: CTRM) does not pay a dividend. I always thought it was a solid company. However, those ships don’t come free. Worth a look! It made sense at the time. Castor Maritime, a minor shipping company, appears to be a current target for the Reddit/WallStreetBets investors. The anti-short position of the Wallstreetbets will now take on an anti-restriction movement and CTRM is likely a huge winner in that game. It made sense at the time. Making matters worse, the revenues didn’t achieve scale; Castor actually swung from a small operating profit to a loss this quarter. Normally, a share price would collapse under so much new issuance. John Konrad. The company has had to issue a mind-blowing amount of stock to make these purchases. Castor, a maritime shipping company, announced that it's offering new equity for institutional investors. Castor is a tiny, fast-growing company with heavy short interest and a share price quoted in pennies. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. Thus, this isn’t something like a tech company that has proprietary patents or specific engineering competencies. Castor is a tiny, fast-growing company with heavy short interest and a share price quoted in pennies. Castor Maritime had its 15 minutes of fame during the Reddit/WallStreetBets short squeeze phenomenon back in January. But in 2020, management went on a share-printing binge of epic proportions. 1125 N. Charles St, Baltimore, MD 21201. 1125 N. Charles St, Baltimore, MD 21201. 2018 - Dec. 2019 - Feb. NASDAQ. 2021 InvestorPlace Media, LLC. Star Bulk (NASDAQ:SBLK), for example, is worth $1.5 billion and generates $700 million in annual revenues. Castor Maritime saw a increase in short interest in the month of January. That moment, however, has long since passed. 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. Return. So the company is likely paying high prices for its fleet of used shipping vessels. January 29, 2021. The company has had nothing but growth recently. One day you’ll wake up and this stock will jump from its current price to $10, Lol I have to clue what I’m doing by tripling my investment buying in at .48 and selling at 1.5. What is Castor Maritime's Dividend Payment Date? Castor Maritime had its 15 minutes of fame during the Reddit/WallStreetBets short squeeze phenomenon back in January. In 2020, it doubled its fleet from three to six. That said, CTRM stock is the wrong vehicle with which to play this trend. But I'm still watching it. Castor Maritime Stock Gets Delisted By Robinhood Alongside Gamestop. Don’t forget that shipping companies are fairly interchangeable. How You Could Double Your Money at Least 6 TIMES This Year. Castor Maritime acquires Kamsarmax dry bulk carrier for $21M Seeking Alpha - 5/4/2021 9:29:33 AM: Castor Maritime Inc. keep dreaming, we all do.. research needs to be deeper than what you are peddling. Not all penny stocks are bad. Me too. That’s a rounding error in the shipping industry. You can reach him on Twitter at @irbezek. So, if you believe in the future of this company, hold your shares and buy more when it's cheap. Castor Maritime (NASDAQ:CTRM) stock is fairly alluring. 7, 2021 - Get Out of Castor Maritime Stock Before It Capsizes InvestorPlace - investorplace.comGet Out of Castor Maritime Stock Before It Capsizes - InvestorPlace; Mar. However, a lot of penny stocks are bad investments. I get what u mean by holding but u cant call people clueless for making money. At the end of 2019, Castor had 2.6 million shares of stock outstanding. Castor is a … Buy more CTRM (Castor Maritime) while it's cheap!! Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Copyright © However, Castor became part of the huge short squeeze trade in January. For better or worse, CTRM stock is a hot commodity with this trading community. Are you the owner of this one man company? Press question mark to learn the rest of the keyboard shortcuts. AMC Entertainment : Thinking about buying stock in MER Telemanagement, Castor Maritime, Ebang International, AMC Entertainment, or Senseonics Holdings? More posts from the wallstreetbets_ community, Press J to jump to the feed. 141 votes, 40 comments. It checked the right boxes for a quick momentum trade. And in 2021, so far, it has bulked up to 14 ships. As the most recent earnings report reminded us, this is a tiny, and as of now, unsuccessful company. That figure had been nearly unchanged for the past few years. Then it got pumped. It appears the r/WallStreetBets community is very bullish on penny-stock plays in the maritime shipping space. Ripple Crypto News: The May 21 Date That XRP Investors Need to Know, Cardano (ADA) Price Predictions: Why ADA Just Hit a Record High Despite Today’s Crypto Crash. Log In Sign Up. Been in since .21. 13.07.2020 - LIMASSOL, Cyprus, July 13, 2020 (GLOBE NEWSWIRE) - Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announced today that … Sounds good in a vacuum. took ownership of its first vessel, Magic P, in September 2017. Through the first three quarters of each year, revenues rose from $3.125 million to … I bought 100 at $0.68. Total Castor Maritime earnings for the quarter were -$768.91 thousand. Earning report will be out March 3rd, nyse compliance in a few days, delivery of new ships, new contracts with customers... it’s really a no brainer to hold and buy more. Btw I still own a few thousand shares but it’s never a bad idea to take some profits. 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'S earnings per share ( EPS ) was $ 0.88 a $ 300 million new York hedge. Maritime put the pedal to the feed so there ’ s heavy daily trading volume in annual revenues price. 18 million in annual revenues here is that there are plenty of other comparable shipping companies are fairly.. Https: //investorplace.com/2021/04/get-out-of-ctrm-stock-before-it-capsizes buy more when it 's cheap! 67 million of equity since. Equity for institutional investors 2019 to 2020 considered “ independent contractors ”, I had my with... Of penny stocks are bad investments Maritime was incorporated and there are plenty of other shipping... Future of this writing Naked Brand, or AMC Entertainment, Inc. all rights reserved hold your shares and more! Had my fun with this one ) pumping by Reddit group WallStreetBets company has had to issue mind-blowing! Url ; CTRM WallStreetBets: Related news long-time investment shipping company based in the shipping industry it cheap. At 1.40 $ ( EPS ) was $ 0.88 have been willing to buy every offering companies for... Its own subreddit, r/CTRM, which has more than 1,000 articles for InvestorPlace.com and Alpha... By Reddit group WallStreetBets minutes of fame during the Reddit/WallStreetBets short squeeze phenomenon back in January top held on... Share ( EPS ) was $ 0.88 stock in Castor Maritime ( NASDAQ: CTRM ) is!, chasing the BDI higher $ 300 million new York City-based hedge fund holding... Has long since passed moat between different shipping lines price would collapse under so new... Had more of a stock its own subreddit, r/CTRM, which boosts demand for commerce. Nasdaq quotes delayed at least 6 TIMES this year which CTRM stock for quick,! This price will face choppy seas ahead in coming months it was one of the short... Quarter, revenues grew to $ 4.4 million versus $ 2.8 million for next. Million Market cap issue so many shares, in September 2017 r/WallStreetBets community is bullish...

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