Castellum (NYSEAMERICAN:CTM) Issues Earnings Results, Misses Expectations By $0.02 EPS

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

Castellum Trading Down 19.9%

Shares of NYSEAMERICAN:CTM traded down $0.09 during midday trading on Friday, hitting $0.38. The company had a trading volume of 2,213,504 shares, compared to its average volume of 407,271. Castellum has a 12 month low of $0.34 and a 12 month high of $1.27. The firm has a fifty day simple moving average of $0.58 and a 200 day simple moving average of $0.71. The stock has a market cap of $35.95 million, a price-to-earnings ratio of -12.64 and a beta of -6.32.

Insiders Place Their Bets

In related news, COO Andrew Merriman bought 50,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were purchased at an average price of $0.62 per share, with a total value of $31,000.00. Following the completion of the purchase, the chief operating officer owned 588,531 shares of the company’s stock, valued at $364,889.22. This represents a 9.28% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought a total of 54,492 shares of company stock valued at $33,426 over the last quarter. Corporate insiders own 8.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Castellum to a “hold” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

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.