Castellum (NYSEAMERICAN:CTM) Announces Earnings Results

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

Castellum Stock Performance

Shares of NYSEAMERICAN CTM traded down $0.09 during mid-day trading on Friday, reaching $0.38. 2,213,504 shares of the company’s stock were exchanged, compared to its average volume of 407,271. The company’s 50-day moving average is $0.58 and its 200-day moving average is $0.71. Castellum has a 52-week low of $0.34 and a 52-week high of $1.27. The firm 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 shares of Castellum to a “hold” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, Castellum currently has a consensus rating of “Hold”.

Insider Activity

In other Castellum news, COO Andrew Merriman bought 50,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was acquired at an average cost of $0.62 per share, with a total value of $31,000.00. Following the purchase, the chief operating officer owned 588,531 shares in the company, valued at approximately $364,889.22. This represents a 9.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought a total of 54,492 shares of company stock worth $33,426 over the last 90 days. Company insiders own 8.41% of the company’s stock.

About Castellum

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.