Castellum (NYSEAMERICAN:CTM) Announces Earnings Results

Castellum (NYSEAMERICAN:CTM) issued its quarterly earnings results on Thursday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), FiscalAI reports. Castellum had a negative net margin of 4.13% and a negative return on equity of 6.32%. The business had revenue of $14.70 million for the quarter, compared to the consensus estimate of $14.90 million.

Castellum Stock Down 19.9%

Shares of Castellum stock traded down $0.09 on Friday, reaching $0.38. The company’s stock had a trading volume of 2,213,504 shares, compared to its average volume of 407,271. Castellum has a 52 week low of $0.34 and a 52 week high of $1.27. The firm’s fifty day simple moving average is $0.58 and its two-hundred day simple moving average is $0.71. The company has a market capitalization of $35.95 million, a price-to-earnings ratio of -12.64 and a beta of -6.32.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Castellum to a “hold” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Insider Transactions at Castellum

In related news, COO Andrew Merriman acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were bought at an average price of $0.62 per share, for a total transaction of $31,000.00. Following the completion of the transaction, the chief operating officer directly owned 588,531 shares in the company, valued at approximately $364,889.22. This trade represents a 9.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have bought 54,492 shares of company stock worth $33,426. 8.41% of the stock is currently owned by corporate insiders.

Castellum Company Profile

Castellum, Inc is a U.S.-based technology and defense contractor that provides cybersecurity, intelligence, information technology and engineering services. The company primarily serves federal government customers, including agencies and organizations involved in defense, national security and critical infrastructure.

Its offerings include cybersecurity assessments and operations, network and information technology support, intelligence analysis, electronic warfare capabilities, systems engineering and mission-support services.