Can Castellum Inc (CTM) stock recover despite sales dropping?

The price of Castellum Inc (AMEX:CTM) shares last traded on Wall Street rose 81.69% to $2.58.

CTM stock price is now 695.69% away from the 50-day moving average and 1001.39% away from the 200-day moving average. The market capitalization of the company currently stands at $174.11M.

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 $26.13 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 $25.31 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 $1.71. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 1.11, and a quick ratio of 1.11. The fifty day moving average price for CTM is $0.276 and a two-hundred day moving average price translates $0.22283 for the stock.

The latest earnings results from Castellum Inc (AMEX: CTM) was released for 2024-06-30. The net profit margin was -20.95% and return on equity was -73.06% for CTM. The company reported revenue of $11.61 million for the quarter, compared to $11.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.12 percent.

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