How to Buy 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.

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.

How to Create a New Account on eToro

1. Click here to get started.
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2. Input your personal info to open a new trading account.

3. Submit your info by clicking the "Create Account" button.
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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.

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 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 undervalued based on its P/E ratio of 13.58x, relative to Information Technology Services industry P/E ratio of 31.04x
• CTLP could be undervalued based on its P/B ratio of 3.34x, relative to Information Technology Services industry P/B ratio of 5.03x

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

CTLP Financial Overview

Signs that CTLP is financially healthy:

• Total CTLP debt is lower than 5 years ago, relative to shareholder equity.
• CTLP profit margin has gone up from 4.6% to 20.3% in the past year.
• There are more short-term assets than long-term liabilities on the CTLP balance sheet.
• CTLP's operating cash flow of $25.18M allows it to safely service it's debt of $39.16M.
• There are more short-term assets than short-term liabilities on the CTLP balance sheet.

Signs that CTLP is not financially healthy:

• CTLP earnings of $24.27M is not sufficient to cover its interest payments.
• CTLP has a relatively high debt to equity ratio of 0.53.

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

Out of 2 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

CTLP Performance Numbers

Last year, CTLP earnings were $59.33M. Over the past three year, CTLP's earnings have increased by 268.01% per year. This was faster than the Information Technology Services industry average of 8.53%.

Last year, CTLP revenue was $292.64M. Over the last 5 year, CTLP's revenue has grown by 11.6% per year. This was faster than the Information Technology Services industry average of 5.11%.

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.

Douglas Bergeron, Director of CTLP, was the latest CTLP insider to buy. They bought $266,760.00 worth of CTLP stock on Sep 30, 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:

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.

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.

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

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