Is Castellum Inc (AMEX:CTM) being unfairly punished by investors?

In yesterday’s Wall Street session, Castellum Inc (AMEX:CTM) shares traded at $0.16, up 6.49% from the previous session.

CTM stock price is now -5.83% away from the 50-day moving average and -28.40% away from the 200-day moving average. The market capitalization of the company currently stands at $8.84M.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"

Sponsored

In other news, WRIGHT JAY O, General Counsel, Secretary bought 272,300 shares of the company’s stock on Sep 04 ’24. The stock was bought for $44,657 at an average price of $0.16. Upon completion of the transaction, the General Counsel, Secretary now directly owns 10,126,372 shares in the company, valued at $1.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29 ’24, General Counsel, Secretary WRIGHT JAY O bought 61,597 shares of the business’s stock. A total of $10,102 was incurred on buying the stock at an average price of $0.16. This leaves the insider owning 9,809,672 shares of the company worth $1.57 million. A total of 48.00% of the company’s stock is owned by insiders.

During the past 12 months, Castellum Inc has had a low of $0.12 and a high of $0.40. As of last week, the company has a debt-to-equity ratio of 0.98, a current ratio of 1.11, and a quick ratio of 1.11. The fifty day moving average price for CTM is $0.1676 and a two-hundred day moving average price translates $0.22098 for the stock.

The latest earnings results from Castellum Inc (AMEX: CTM) was released for 2024-06-30. The net profit margin was -38.20% and return on equity was -101.59% for CTM. The company reported revenue of $11.52 million for the quarter, compared to $12.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.65 percent.

Related Posts