Castor Maritime Inc CTRM: Stock Price Prediction
Castor Maritime stock has been sailing into calmer waters recently. Looking ahead I have formed a price prediction for CTRM.
Short-selling have slammed on the breaks.
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Clearly the fear of the short-sellers is that the Reddit pumper could back Castor Maritime to send the stock to the moon.
Castor have been busy. They have invested in more ships and won contracts.
Clearly Castor Maritime see the long-term benefits of the sea fright business.
The cost of sending cargo around the world has skyrocketed and Castor Maritime will profit from this.
CTRM is growing and has already amassed the power to call the shots.
I am pretty bullish about the future of Castor Maritime and was even when the stock price was falling and inexperienced investors were running scared.
Notwithstanding any wild pump that could send CTRM to the moon.
Here follows is my CTRM price prediction for over the next 10 years:
2022 to end 2023 = CTRM share price $2.50 to $6 range.
2024 to end 2026 = $4.50 to $10 share price range for Castor Maritime
2027 to 2030 = $9 to $15 stock price for CTRM
2031 to 2032 £13 to $20 stock price for CTRM
I am not being over generous with my share price predictions.
I think the stock price of Castor Maritime should even reach $20 within Five years and that is without any Reddit type pump.
If a Reddit type pump got serious behind CTRM then the wind in the stock price sails could lift this stock to the moon.
I would not like to guestimate how the stock price could reach, but $200 is not impossible.
I cannot wait to rack in the future dividends on my 500 CTRM shares.
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