CTRM stock Forecast 2022, 2023, 2025, 2030, 2040 and 2050

 

About CTRM Stock Forecast :

Through its subsidiaries, the company ships bulk goods by sea around the world. Delivery services are provided for dry bulk goods such as iron ore, coal, grains, steel products, fertilizers, cement, bauxite, sugar and scrap metal.

We operate three Panamax vessels, each weighing approximately 76,122 deadweight tonnage. The company was founded in 2016 and is based in Limassol, Cyprus.

 

CTRM stock Forecast 2022, 2023, 2025, 2030, 2040 and 2050
CTRM stock Forecast 2022, 2023, 2025, 2030, 2040 and 2050

 

CTRM stock Forecast 2022

CTRM is a symbol of the stock exchange of Castor Maritime Inc, a Cyprus-based company. Founded in 2017, the company owns approximately 40 tankers and vessels. It was founded by Petros Panagiotidis, who is currently Chief Executive Officer and Chairman. The company was released in 2019 and is listed on Nasdaq. It has raised millions of dollars with a valuation of nearly $ 1 billion.

 

CTRM Stock Forecast for 2022 – $1.6 Target I – , Target II – $2.6.

 

CTRM stock Forecast 2023

CTRM shares have been under severe pressure over the past few months as investors are worried about their growth and debt. The company has made several headlines in the last few months. The latest news is that the company has announced a $ 55 million senior loan facility with a European bank.

The term of the new loan is 5 years and the annual interest rate is about 3.5%. It uses funds for general administrative purposes.

Another major news that moved CTRM stocks and changed investors’ CTRM stock forecasts is that the company announced that it has chartered a new bulk carrier named M / VMagic Callisto. Built in 2012, the vessel boasts a total daily charter rate of approximately 101% of the average route with a Baltic Dry Index of 4TC. At the same time, the company increased its fleet by chartering M / T Wonder Bellatrix.

CTRM Stock Forecast for 2022 – Target I – $3.5 , Target II – $4.1 .

 

CTRM stock Forecast 2024

Castor Maritime also boosted CTRM’s share price forecast by reporting relatively strong quarterly results in November 2021. The company posted a net profit of $ 43 million in the third quarter, exceeding analysts’ expectations. This was also a strong achievement, given that last year’s sales were only $ 2.8 million.

Caster is also a profitable company. Third-quarter net income was $ 15.5 million, stronger than last loss. EBITDA has also risen to over $ 21.2 million.

This performance was primarily due to strong pricing power for companies in the shipping industry amid rising global demand. In addition, other major shippers such as Maersk and Mediterranean reported strong results in 2021 due to rising demand and prices.

CTRM Stock Forecast for 2022 – Target I – $3.9, Target II – $4.5.

Also read – CCIV stock Forecast 2022, 2023, 2025, 2030, 2040 and 2050

 

CTRM stock Forecast 2025

On the weekly chart, stock prices are on a strong downtrend. The chart shows stock trading with major support shown in purple. The bearish trend is supported by the 25- and 50-day moving averages while the RSI is approaching the oversold level.

Therefore, as I wrote in the 2025 forecast, stocks are expected to remain bearish for some time and recover as investors buy dips. This trend can lead to a $6 resistance retest. However, by 2025, we expect inventory to be lower than it is today.

CTRM Stock Forecast for 2022 – Target I – $5.6, Target II – $6.8.

 

 

CTRM stock Forecast 2030

CTRM looks cheap. In addition, the share has dropped by almost 100% from the record high. It’s also a profitable business.

However, a closer look at the company reveals gaps that make it difficult to buy. First, the company has fundamentally diluted its shareholders since its IPO.

If you take a closer look at the number of issued shares, you can see that they are increasing. In fact, it has increased by more than 39,000% over the last three years. To make matters worse, the situation will get worse due to the need for funding.

CTRM Stock Forecast for 2022 – Target I – $14.3, Target II – $16.4.

 

CTRM stock Forecast 2040

Secondly, it is also a highly utilized company. For example, a company’s cash and cash equivalents are only $ 36 million, while total liabilities are over $ 71 million. Adding the $ 50 million raised in January, total debt exceeds $ 120 million.

Still, some catalysts can push up CTRM’s stock price. For example, inventory has moved to an oversold level, as shown below. It can also be a penny stock, which can attract attention from the betting crowd on Wall Street. Finally, and most importantly, the short-selling ratio of stocks has declined, as shown below.

CTRM Stock Forecast for 2022 – Target I – $49.6, Target II – $55.7.

 

CTRM stock Forecast 2050

The stock price of CTRM is significantly behind as a public company. It is below some of the major peers who have recorded positive returns in the last 12 months, such as Safe Bulkers, Diana Shipping and Teekay.

Stock prices look cheap, but as interest rates rise, they may continue to fall for the next few years. However, another bullish resurgence in 2021 cannot be ruled out given that it is now a penny stock.

CTRM Stock Forecast for 2022 – Target I – $254, Target II – $305.

 

CTRM stock Forecast 2022, 2023, 2025, 2030, 2040 and 2050

 

YearForecast IForecast II
2022$1.6$2.6
2023$3.5$4.1
2024$3.9$4.5
2025$5.6$6.8
2030$14.3$16.4
2040$49.6$55.7
2050$254$305

 

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