Unfortunately, though, only time will tell. KYOTO, April 01, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the "Company") today announced the status of the Company's own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 25, 2021, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan. In 2018, Castor owned a single dry bulk shipping vessel. Major investments across the globe by various governments in transportation are anticipated to boost the dry bulk shipping market.”. Dry-bulk goods are mostly raw materials like grain, coal and iron ore. And the dry bulk shipping market is forecast to keeping rising. Castor Maritime is growing its fleet in anticipation of global economic recovery, but the Reddit effect is also amplifying CTRM stock growth. Because the environment for shipping has … So it’s no surprise to see the shorts jump on it in January, 2021. That’s not a criticism; it’s simply a fact. Welcome traders who just can’t help them selves discuss the same exact stock that’s been discussed 100s of times a day. Several recent press releases illustrate the point that Castor’s in rapid growth mode – a positive sign as the company strives to expand its industry presence: Top Stock Picker Reveals His Next Potential 500% Winner, Stock Prodigy Who Found NIO at $2… Says Buy THIS Now, Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion, Legendary investor Bill Miller sold GameStop stock before the short squeeze, missing out on a potential $800 million windfall », Personal data of 1.3 million Clubhouse users has reportedly leaked online days after LinkedIn and Facebook also suffered data breaches », Don’t Fight the Tape With Castor Maritime Stock. What exactly do dry bulk shipping companies like Castor Maritime transport? http://castormaritime.com. Castor Maritime Stock May Be Bleeding Sentiment as It Bobs Above a Buck Mar. No, we’re not talking about GameStop (ticker: GME). The stock price of Castor Maritime Inc (NASDAQ: CTRM) is trading at over 6% pre-market. Now, oil stocks are still a very risky play, but demand has begun to creep back up. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. As you probably already know, 2020 was not kind to oil companies. Castor Maritime (NASDAQ:CTRM) is a small but growing shipping company based in the country of Cyprus. Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion 8 March 2021 Castor Maritime (NASDAQ:CTRM) is a small but growing shipping company based in … © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Castor Maritime Stock (CTRM Stock) A Reddit Move Or Not? So yes, Castor Maritime is a potential Reddit runner, but there’s more to the company and the stock than that. January 2021 reportedly had some of the highest dry bulk rates in a decade. I see people saying we’re on road for 1.2 in may and then I see people talking about how they’ve got rid of there shares to go somewhere else. Apparently, large … It was founded in 2016. Castor Maritime (NASDAQ:CTRM) is a small but growing shipping company based in the country of Cyprus. Stock quotes by finanzen.net, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Problems like heavy dilution, large operating losses, and unproven management teams tend to dog all these companies. Growing infrastructure development, which requires significant use of steel products, is a key factor for driving the dry bulk shipping market across the globe. That has all the signs of a Reddit stock. There’s quite a few good companies that for whatever reason end up with a very low share price at some point. This is why it happened. Celebration of 2020 World Maritime Day. Castor Maritime Stock Gets Delisted By Robinhood Alongside Gamestop. John Konrad. In 2018, Castor owned a single dry bulk shipping vessel. Get Out of Castor Maritime Stock Before It Capsizes Once Reddit enthusiasm wanes, CTRM stock will sink like a rock By Ian Bezek , InvestorPlace Contributor Apr 6, 2021, 4:00 pm EDT April 6, 2021 Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. The top NYSE-listed stock was AMC Entertainment (AMC), the movie chain operator that, with GameStop, became a poster-child for the so-called meme stock revolution. That makes trying to get a bead on the stock a little tricky. The position amounts to 192.3 million shares at $0.65 each. In 2020, CTRM stock spent much of the year as a penny stock — even as it boosted its fleet size. Castor Maritime (NASDAQ:CTRM) gained 61% in February. 76.4% of retail CFD accounts lose money. If the oil market continues to rebound, the purchase of those two Aframax tankers will prove to be prescient, especially at a price pushed down by the recent glut of oil. It’s also being heavily traded on Robinhood. Registration on or use of this site constitutes acceptance of our, Why Everyone Is Investing in 5G All WRONG. Nasdaq-listed Greek owner Castor Maritime has sealed a seventh addition to its fleet for 2021, announcing the acquisition of a 2010-built Korean kamsarmax bulker. Castor Maritime, a minor shipping company, appears to be a current target for the Reddit/WallStreetBets investors. CTRM has had a very exciting first quarter. All rights reserved. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. In 2021, , it’s up 336%, but in the last month, it’s down 7%. 5, 2021, 12:46 PM 1 hour Mon Power 2021 Tree Trimming Program Underway Business Insider 1 hour Penelec’s 2021 Tree Trimming to Enhance Reliability Business Insider 2 hours Why the Meme Stock Crowd Is Wrong About Castor Maritime Stock InvestorPlace 2 hours AMD Acquisition of Xilinx Approved by Holders TheStreet So, if that trend continues, it’s good news for CTRM stock. In fact, China — which has already recovered from the pandemic — continues to drive much of that growing demand. The post Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion appeared first on InvestorPlace. Castor Maritime did manage to substantially increase its revenues from 2019 to 2020. Some investors are concerned that the recent boost in CTRM stock is courtesy of Reddit. Since then, Castor Maritime stock has retreated to below a dollar, but it’s still up nearly 280% year-to-date (YTD). No investment advice. Read More: Penny Stocks — How to Profit Without Getting Scammed. Castor Maritime Inc. Press J to jump to the feed. Penny Stocks To Buy [or avoid] #1: Castor Maritime (CTRM) I won't go into a long, drawn-out discussion about markets last week. 16, 2021 at 5:46 a.m. Yes, its fleet consists of older ships that will cost more to service and maintain, but the company snapped them up at depressed prices. ET on InvestorPlace.com Castor Maritime Is Feeling the Reddit … Summary. / CTRM / MY THOUGHTS. Commerce Policy |
Ships of this class have a cargo capacity of between 80,000 and 120,000 tons deadweight (DWT). Castor Maritime (NASDAQ:CTRM) is a small but growing shipping company based in the country of Cyprus. Castor Maritime’s share price seems to have melted down for good after the short-squeezing frenzy seen in February, with the company’s valuation dropping from an eye-popping high of $700 million to $330 million by the end of March 2021.. Unfortunately, though, only time will tell. In a report on the industry, Transparency Market Research notes: “Rapid urbanization, industrialization, and economic growth is likely to propel the dry bulk shipping market across the globe. April 9, 2021 - 9:00 am. I’m getting mixed signals is this on the rise or is it “the beginning of the end” like I’ve read. A penny stock and a little-known company that suddenly sees shares spike in 2021? Castor Maritime is a tough one because I might generate multi-tiered hate mail for this. The Plug Power accounting scandal is a funny one and I wonder whether it was done on purpose or a genuine mistake? Castor Maritime Holdings is a relatively small Cyprus-managed Marshall Islands shipping company, listed on the Nasdaq. On Feb. 11, Castor Maritime announced it was purchasing a pair of 2005 Korean-built Aframax LR2 tankers. Announces Vessel Acquisition, 5 Reddit Penny Stocks Seeing the Most Chatter Friday, Castor Maritime buys 2011 Japanese-built Panamax dry bulk carrier for $18.48M, Snap And Castor Maritime Are Both Reaching Key Technical Levels, Why the Meme Stock Crowd Is Wrong About Castor Maritime Stock. Investor run. Castor Maritime topped our list this time. Castor Maritime Inc. As part of the deal, the company also signed a “50% profit-sharing arrangement.” So, Castor doesn’t pocket the full amount, but the risk of the purchase has been reduced, too. That has all the signs of a Reddit stock. Some people are encouraging other investors to buy the … Total Views: 21335 . Price to Book Value per Share Ratio. When it comes to transiting the Suez Canal, they are exceeded only by the Suezmax class. Castor Maritime is a young company. In a press release, the company explained the move: “As we have communicated previously, we are a Company that aims to take advantage of attractive opportunities presented to us, as the shipping cycles evolve. Tesla is the most valuable automaker by far. After opening the year at 19 cents, shares rocketed to a close of $1.73 on Feb. 11. Key valuation metrics comparing Tesla, General Motors and Ford Motor. Not all penny stocks are bad. This is what happened: In a statement, the company said the mistakes were related to complex financing accounting with customers, loss estimates for service contracts and classification of expenses on its income statement. Therefore, we are very excited to be entering the tanker market, at what we believe is an opportune time for this sector.”. There appears to be continued momentum from an announcement that the company made on Thursday, February 11. LIMASSOL, Cyprus, April 09, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2011 Japanese-built Panamax dry bulk carrier from an unaffiliated third-party for a purchase price of … In fact, Castor has indeed been popular on the subreddit forum r/WallStreetBets. Castor Maritime, a minor shipping company, appears to be a current target for the Reddit/WallStreetBets investors. Castor Maritime is a young company. As with seemingly everything in markets these days, it all ties back to the Reddit Wall Street Bets message board. The shipping specialist has reached agreements to buy two Kamsarmax dry bulk carriers so far in February, and it remains on the hunt for new acquisitions. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Since then, Castor Maritime stock has retreated to below a dollar, but it’s still up nearly 280% year-to-date (YTD). So, when the global economy recovers post-pandemic, Castor Maritime is in a good position to pick up business and grow revenue. Tesla Valuation: Market Cap. At the same time, electric vehicles (EVs) began to surge in popularity. CTRM Stock: The News Giving Shipping Company Castor Maritime a Bump Today, Castor Maritime Inc. Castor, a maritime shipping company, announced that it's offering new equity for institutional investors. Announces Pricing of $125 Million Registered Direct Offering MARCH 30, 2021 Castor Maritime Inc. Reports Financial Results for the Three Months and Year Ended December 31, 2020 Castor Maritime (CTRM) is among the stocks that have rallied hard in 2021 amid the pumping by Reddit group WallStreetBets. Press question mark to learn the rest of the keyboard shortcuts, Non-technical price prediction (NOT financial advice). Castor Maritime Holdings is a relatively small Cyprus-managed Marshall Islands shipping company, listed on the Nasdaq. The stock price of Castor Maritime Inc (NASDAQ: CTRM) is trading at over 6% pre-market as of 5:55 AM ET. Louis Navellier and the InvestorPlace Research Staff, Plus500. That could mean that any near-term gains are now already priced in. Castor Maritime is growing its fleet in anticipation of global economic recovery, but the Reddit effect is also amplifying CTRM stock growth. Made In NYC |
We know they experienced plenty of selling. CASTOR MARITIME / SHORT SQUEEZE COMING? If that sounds suspicious, it should. Nasdaq-listed Greek owner Castor Maritime has entered into an agreement to purchase a 2011 Japanese-built panamax dry bulk carrier from Hong Kong’s Ocean Broaden Shipping for a … 1 week r/Stocks Daily Thread on Meme Stocks Sunday – Mar 28, 2021 Reddit The familiar “Rate My Portfolio” sticky can be found here. If Castor Maritime is going to move higher, it’s going to be from the efforts of the Robinhood and Reddit crowd. So, maybe there’s more to the CTRM stock gain than just Reddit. Disclaimer |
By Dady CJ On Feb 20, 2021. No Pump & Dump posts; this is a legitimate stock. In 2018, Castor owned a single dry bulk shipping vessel. Castor Maritime appears to have caught the attention of traders on social media site Reddit. Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion; ... the 2021 World Maritime Day Parallel Event will be held in South Africa. Through the first three quarters of each year, revenues rose from $3.125 million to $8.102 million. ... Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Do this now. But there are some other factors at play here, including Castor signing additional deals to expand its fleet. CTRM has had a very exciting first quarter. r/CTRM Twitter = @CTRM20 $ CTRM Castor Maritime has expanded its fleet in recent days. Its market capitalization (stock price times shares outstanding) of $629 billion ranks it sixth among companies on the U.S. stock market. As with seemingly everything in markets these days, it all ties back to the Reddit Wall Street Bets message board. It was founded in 2016. Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion Louis Navellier and the InvestorPlace Research Staff, InvestorPlace Mar. However, a lot of penny stocks are bad investments. January 29, 2021. What's Going On With Moderna Stock And Castor Maritime Stock Today? Castor Maritime Aframax ships also have an ideal size for ports that are unable to handle larger tankers. That makes trying to get a bead on the stock a little tricky. Yahoo | March 8, 2021. One of the iconic images from early last year was a fleet of crude-oil tankers anchored off the coast of California because no refineries had enough room remaining to store their cargo. However, the stock has now posted big gains in 2021. An oil-price war kicked off just as the pandemic was starting to crater demand. This one is definitely going to the moon! The stock price of a diversified global shipping company Castor Maritime Inc. (NASDAQ: CTRM) saw its stock price increase by over 63% today during intraday trading as the stock price went from a previous close of $1.19 to a day high of $1.95. No unrelated posts; we're talking about CTRM here. Moreover, in January, Castor announced it was adding to its bulk carrier fleet, having purchased a 2006 Capesize dry bulk carrier for $17.5 million. Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion. This forum does not offer financial advice from unauthorized persons. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. A penny stock and a little-known company that suddenly sees shares spike in 2021? A lot of buzz about the movement of this maritime stock. This purchase marks Castor’s first foray into tankers. If that sounds suspicious, it should. Nasdaq-listed Greek owner Castor Maritime has announced the $16.85m acquisition of a 2011-built Japanese kamsarmax bulker. No, we’re not talking about GameStop (ticker: GME). 0. 2021-03-05T18:46:53+08:00 March 5th, 2021 | share this article! When Castor announced the news, it triggered a 45% spike in the CTRM stock price. Castor Maritime has fully contracted both ships at $15,000 per day. Let me give you some background. Summary. In … Castor Maritime has a P/B Ratio of 0.09. Announces Pricing of $125 Million Registered Direct Offering. Sundial Growers (SNDL), the cannabis stock, and Genius Brands International (GNUS), the children's media company, appear high on the list too. The P/E ratio of Castor Maritime is 4.21, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 26.77. In the If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. In the macro picture, Castor Maritime fell to a loss making position during the year. It doesn’t matter if you have $500 in savings or $5 million. Castor Maritime has made big moves this year, continuing an aggressive push to grow the size of its dry bulk goods fleet while also expanding into oil tankers. Some investors no doubt dumped the stock as a result and it’s been one of the most down-trodden stocks of the pandemic, that is, until now. The post Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion appeared first on InvestorPlace . 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