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How to Buy Cantaloupe Stock

Cantaloupe Inc

Cantaloupe, Inc. , a digital payment and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management.

Cantaloupe stock last closed at $7.30, up 3.4% from the previous day, and has decreased 10.76% in one year. It has underperformed other stocks in the Information Technology Services industry by 0.23 percentage points. Cantaloupe stock is currently +27.07% from its 52-week low of $5.75, and -11.89% from its 52-week high of $8.29.

There are currently 72.81M CTLP shares outstanding. The market value of CTLP is $531.51M. In the past 24 hours, 298,297 CTLP shares were traded.

How to Buy Cantaloupe Stock

Wondering how to invest in Cantaloupe stock? Here's how.
  1. Figure out where to buy Cantaloupe stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Cantaloupe stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your brokerage account: Select your payment method and add your details.
  4. Research Cantaloupe stock: The Cantaloupe ticker symbol is CTLP. Is Cantaloupe stock a good investment? Should you buy shares of CTLP? How do CTLP's underlying business fundamentals look? Do top analysts think Cantaloupe is a good buy? Why has CTLP's stock price moved recently? (Hint: Our stock research website can help you understand if CTLP is a good stock to buy).
  5. Execute your CTLP trade: Decide if you will purchase CTLP shares at the current market price or use a limit order to purchase CTLP shares at a specific price.
  6. Get updates on your investment in CTLP: Create a watchlist to track your position in Cantaloupe stock.

Step 1: Figure out where to buy Cantaloupe stock

You need a brokerage account in order to access the NASDAQ market and buy CTLP stock.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've selected the best brokerage, the next step is to fill out some personal details so you are able to buy CTLP stock today.

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Step 3: Fund your brokerage account

Now that you've opened your account on stock apps to use, you need to deposit funds:

Check out the video below for more details depositing money into your investment account.

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Step 4: Research Cantaloupe stock

Once you have identified the best place to buy Cantaloupe stock, it's absolutely critical to analyze their stock before you buy, so you actually wrap your head around the risk as well as the opportunity.

Overview of key CTLP info

CTLP Price
$7.30
1w %
14.06%
1y %
-10.76%
5y %
3.99%
P/E
45.63x
P/B
2.97x
P/S
2.04x
PEG
0.79x
Revenue
$260.11M
Earnings
$12.04M
Fore. Rev. Growth
19.59%
Fore. Earn. Growth
63.94%
Market Cap
$531.51M
Next Earnings
Sep 4, 2024
Next Dividend
N/A

CTLP Due Diligence Checks

WallStreetZen was built to help everyday investors perform better fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on CTLP's stock page.

Is CTLP stock undervalued or overvalued?

You can use many financial metrics, analyses, models, and charts to gauge CTLP's fair value.

Using relative valuations ratios:

  • CTLP could be overvalued based on its P/E ratio of 45.63x, relative to Information Technology Services industry P/E ratio of 29.31x
  • CTLP could be undervalued based on its P/B ratio of 2.97x, relative to Information Technology Services industry P/B ratio of 4.86x
  • CTLP may be undervalued based on its PEG ratio of 0.79x

You can do more valuation analysis on CTLP's stock here.

CTLP Financial Health Overview

Signs that CTLP is financially healthy:

  • CTLP profit margin has gone up from -2.1% to 4.6% in the past year.
  • There are more short-term assets than short-term liabilities on the CTLP balance sheet.
  • CTLP earnings of $16.10M is not sufficient to cover its interest payments.
  • CTLP's operating cash flow of $21.90M allows it to safely service it's debt of $47.13M.
  • There are more short-term assets than long-term liabilities on the CTLP balance sheet.

Signs that CTLP is not financially healthy:

  • CTLP has a relatively high debt to equity ratio of 0.77.

Is Cantaloupe stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 3 Equities analysts who monitor CTLP, the consensus analyst rating on CTLP is a Strong Buy

Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are forecasting on the Cantaloupe stock forecast page.

CTLP Technicals

SMA10
6.64
SMA20
6.65
SMA50
6.67
SMA100
6.46
SMA200
6.66
MACD
0.04
MACD Signal
-0.02
MACD Histogram
0.06
RSI
68.76
Stochastic %K
84.02
Stochastic %D
64.8
StochRSI %K
96.28
StochRSI %D
74.3

CTLP Performance Numbers

Last year, CTLP earnings were $12.04M. Over the past two year, CTLP's earnings have increased by 100% per year. This was faster than the Information Technology Services industry average of 7.06%.

Last year, CTLP revenue was $260.11M. Over the last 5 year, CTLP's revenue has grown by 11.93% per year. This was faster than the Information Technology Services industry average of 7.13%.

Dig into CTLP's earnings and revenue performance here.

Latest Insiders Trades at CTLP

In the last year, insiders at CTLP have bought more shares than they have sold.

Lisa P. Baird, Director of CTLP, was the latest CTLP insider to buy. They bought $18,750.00 worth of CTLP stock on Feb 13, 2024.

Research more about who owns CTLP shares here.

Does CTLP provide a stable income stream?

No, Cantaloupe doesn't provide an income stream by paying out dividends.

What do other traders have to say about CTLP?

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Execute your CTLP trade

You have two main options:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.

Click the Open Trade button and your broker will execute your order.

If you require additional help buying stocks on eToro, click the helpful video below:

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Step 6: Get updates on your investment in CTLP

Now that you own some CTLP shares, you'll want to keep up with your stock purchase.

Put CTLP on a watchlist to get the latest updates about your CTLP stock.

CTLP Feed

How to Buy Stock in Cantaloupe

To reiterate, here are the 6 steps to buy Cantaloupe stock:

  1. Figure out where to buy Cantaloupe stock
  2. Create your brokerage account
  3. Fund your brokerage account
  4. Research Cantaloupe stock
  5. Execute your CTLP trade
  6. Get updates on your investment in CTLP

If you require a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get updates on your new investment in Cantaloupe, get started below.

NASDAQ: CTLP
$7.30+0.24 (+3.4%)
Updated Jul 16, 2024
Open eToro Account
NASDAQ: CTLP
$7.30+0.24 (+3.4%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Cantaloupe share?

As of Jul 16, 2024, it costs $7.30 to buy one share of Cantaloupe stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.411 shares of CTLP.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Cantaloupe stock?

According to 3 Wall Street analysts who monitor Cantaloupe, their consensus recommendation is to buy Cantaloupe stock.

What is the best way to buy Cantaloupe stock?

One way to place an order for Cantaloupe stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.