News

Published on 11 Aug 2022 on Simply Wall St. via Yahoo Finance

Castor Maritime Inc.'s (NASDAQ:CTRM) Share Price Boosted 36% But Its Business Prospects Need A Lift...


Article preview image

Those holding Castor Maritime Inc. (NASDAQ:CTRM) shares would be relieved that the share price has rebounded 36% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. But not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 22% in the last twelve months.

Although its price has surged higher, given close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 16x, you may still consider Castor Maritime as a highly attractive investment with its 2.1x P/E ratio. However, the P/E might be quite low for a reason and it requires further investigation to determine if it's justified.

Castor Maritime certainly has been doing a great job lately as it's been growing earnings at a really rapid pace. It might be that many expect the strong earnings performance to degrade substantially, which has repressed the P/E. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.

NASDAQ.CTRM price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Ambitious Smaller Companies Hunt Big Prey as Bold M&A Returns

(Bloomberg) -- The improving environment for deals is encouraging some smaller firms to start...

Bloomberg · via Yahoo Finance 31 Jan 2025

Top Dividend Stocks To Consider In January 2025

As we step into January 2025, global markets are reflecting a mixed economic landscape, with majo...

Simply Wall St. · via Yahoo Finance 5 Jan 2025

12 ChatGPT Penny Stock Picks Right Now

In this article, we will take a detailed look at the 12 ChatGPT Penny Stock Picks Right Now. For ...

Insider Monkey via Yahoo Finance 28 Apr 2024

11 Cheapest Stocks With Biggest Upside

In this piece, we will take a look at the 11 cheapest stocks with the biggest upside. If you want...

Insider Monkey via Yahoo Finance 28 Nov 2023

Castor Maritime's (NASDAQ:CTRM) earnings have declined over three years, contributing to...

Castor Maritime Inc. (NASDAQ:CTRM) shareholders should be happy to see the share price up 26% in ...

Simply Wall St. via Yahoo Finance 9 Aug 2023

12 High Growth Penny Stocks that are Profitable

In this piece, we will take a look at the 12 high growth penny stocks that are profitable. For mo...

Insider Monkey via Yahoo Finance 23 Feb 2023

Castor Maritime's (NASDAQ:CTRM) earnings have declined over three years, contributing to...

This week we saw the Castor Maritime Inc. (NASDAQ:CTRM) share price climb by 11%. But that is mea...

Simply Wall St. via Yahoo Finance 6 Feb 2023

Castor Maritime Inc.'s (NASDAQ:CTRM) Share Price Boosted 36% But Its Business Prospects Need A Lift...

Those holding Castor Maritime Inc. (NASDAQ:CTRM) shares would be relieved that the share price ha...

Simply Wall St. via Yahoo Finance 11 Aug 2022

Top Penny Stocks Under $2 to Watch As Inflation Rises

Investing in penny stocks can be a high-risk proposition, but it can also pay off handsomely if y...

St. Joseph News-Press 16 Apr 2022

Trending Penny Stocks Climbing As DogeCoin Falls Amidst Musk News

If you’re looking for penny stocks to buy, there are plenty of options to choose from. One of the...

St. Joseph News-Press 11 Apr 2022