Overall market sentiment has been down on Castor Maritime Inc (CTRM) stock lately. CTRM receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Castor Maritime Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CTRM!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With CTRM Stock Today?
Castor Maritime Inc (CTRM) stock has gained 1.79% while the S&P 500 is lower by -0.75% as of 9:54 AM on Monday, Dec 5. CTRM is up $0.03 from the previous closing price of $1.56 on volume of 98,766 shares. Over the past year the S&P 500 is lower by -11.99% while CTRM is lower by -8.62%. CTRM earned $1.08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1.47.
To see InvestorsObserver's Sentiment Score for Castor Maritime Inc click here.
More About Castor Maritime Inc
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 three reportable segments, as a provider of dry bulk commodities transportation services known as Dry bulk segment and as a provider of transportation services for crude oil named as Aframax/LR2 tanker segment and oil products as Handysize tanker segment. Substantial revenue is earned from the Dry bulk segment.
Click Here to get the full Stock Report for Castor Maritime Inc stock.
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