$CISS - Opened a position at $3.30 this morning
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Posted On: 07/28/2025 11:52:02 AM
$CISS - Opened a position at $3.30 this morning
Micro-Cap Shipping Play with Breakout Potential!
Why It’s Hot: $CISS is a tiny dry bulk shipping stock at $3.30, showing breakout signals after a reverse split and high volatility. Low float and recent volume spikes make it a swing trader’s gem!
Technicals :
Price Action: At $3.30, up +17.54% from 52-week low ($2.85, Apr 2, 2025), but -88.61% from high ($29.40, Jun 14, 2023). Consolidating near resistance ($3.58)
Bullish Breakout: Resistance at $3.58 (recent high). Break above with >1M volume could target $4.00–$4.95 (21–50% gain). Recent +2.29% daily move (Jul 24) supports momentum.
Bottom Bounce: Support at $2.85 (52-week low). Current $3.30 is stable, with volume spikes (1.2M, Jul 20) signaling accumulation.
Squeeze: Bollinger Bands (20-day) tightening after -3.24% monthly drop, price near upper band (~$3.40). Low BBW hints at volatility pop.
RSI (14): ~60 (estimated), within 50–70, showing momentum without overbought risk.
MACD: Neutral, potential bullish crossover if $3.58 breaks.
Volume: ~800K avg. daily shares (Jul 2025), above your ≥500K threshold. Spikes to 1.2M indicate buying pressure.
Likelihood: Breakout strongest if $3.58 clears; bottom bounce viable at $3.30 with volume support.
Fundamentals :
Business: C3is Inc. (founded 2022, Athens) operates two handysize drybulk carriers for iron ore, coal, grains, and minor bulks (bauxite, phosphate, fertilizers).
Market Cap: $2.29M (683,856 shares at $3.35, micro-cap = high risk/reward.
Financials: Q1 2024 revenue $12.8M, net income $3.8M. Unprofitable long-term, no intrinsic value per Graham’s formula. Book value 0.03x vs. industry 0.71x, suggesting undervaluation.
Risks: Reverse split (Jun 2023) inflated price from $14,999.70 IPO, -99.98% return since. Nasdaq compliance issues (stockholders’ equity $0.9M vs. $2.5M required, Feb 2025). Low float (~683K) drives volatility.
Analysts: No coverage, speculative play.
Catalysts:
July 2025: Dry bulk shipping rates rising with global commodity demand (iron ore, grains).
Entry: $3.30
Target: 4.80
Stop Loss: $2.90
Why It Runs: $CISS at $3.30 is near breakout ($3.58) with 800K volume and low float (~683K). Shipping demand and volatility could push 20–48% to $4.00–$4.95. High risk, but micro-cap pop potential!
Micro-Cap Shipping Play with Breakout Potential!
Why It’s Hot: $CISS is a tiny dry bulk shipping stock at $3.30, showing breakout signals after a reverse split and high volatility. Low float and recent volume spikes make it a swing trader’s gem!
Technicals :
Price Action: At $3.30, up +17.54% from 52-week low ($2.85, Apr 2, 2025), but -88.61% from high ($29.40, Jun 14, 2023). Consolidating near resistance ($3.58)
Bullish Breakout: Resistance at $3.58 (recent high). Break above with >1M volume could target $4.00–$4.95 (21–50% gain). Recent +2.29% daily move (Jul 24) supports momentum.
Bottom Bounce: Support at $2.85 (52-week low). Current $3.30 is stable, with volume spikes (1.2M, Jul 20) signaling accumulation.
Squeeze: Bollinger Bands (20-day) tightening after -3.24% monthly drop, price near upper band (~$3.40). Low BBW hints at volatility pop.
RSI (14): ~60 (estimated), within 50–70, showing momentum without overbought risk.
MACD: Neutral, potential bullish crossover if $3.58 breaks.
Volume: ~800K avg. daily shares (Jul 2025), above your ≥500K threshold. Spikes to 1.2M indicate buying pressure.
Likelihood: Breakout strongest if $3.58 clears; bottom bounce viable at $3.30 with volume support.
Fundamentals :
Business: C3is Inc. (founded 2022, Athens) operates two handysize drybulk carriers for iron ore, coal, grains, and minor bulks (bauxite, phosphate, fertilizers).
Market Cap: $2.29M (683,856 shares at $3.35, micro-cap = high risk/reward.
Financials: Q1 2024 revenue $12.8M, net income $3.8M. Unprofitable long-term, no intrinsic value per Graham’s formula. Book value 0.03x vs. industry 0.71x, suggesting undervaluation.
Risks: Reverse split (Jun 2023) inflated price from $14,999.70 IPO, -99.98% return since. Nasdaq compliance issues (stockholders’ equity $0.9M vs. $2.5M required, Feb 2025). Low float (~683K) drives volatility.
Analysts: No coverage, speculative play.
Catalysts:
July 2025: Dry bulk shipping rates rising with global commodity demand (iron ore, grains).
Entry: $3.30
Target: 4.80
Stop Loss: $2.90
Why It Runs: $CISS at $3.30 is near breakout ($3.58) with 800K volume and low float (~683K). Shipping demand and volatility could push 20–48% to $4.00–$4.95. High risk, but micro-cap pop potential!
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