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