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 $6.08, down 2.41% from the previous day, and has increased 10.34% in one year. It has underperformed other stocks in the Information Technology Services industry by 0.04 percentage points. Cantaloupe stock is currently +13.33% from its 52-week low of $5.37, and -26.61% from its 52-week high of $8.29.
There are currently 72.8M CTLP shares outstanding. The market value of CTLP is $442.61M. In the past 24 hours, 224,649 CTLP shares were traded.
How to Buy Cantaloupe Stock
Wondering how to invest in Cantaloupe stock? Here's how.
- 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.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Select your payment method and add your details.
- 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).
- 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.
- 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.
Our favorite brokerage: eToro
We believe that eToro is the best brokerage. eToro gives you:
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 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
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
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 overvalued based on its P/E ratio of 32x, relative to Information Technology Services industry P/E ratio of 23.84x
- CTLP could be undervalued based on its P/B ratio of 2.56x, relative to Information Technology Services industry P/B ratio of 4.61x
You can do more valuation research on CTLP's stock here.
CTLP Financial Overview
Signs that CTLP is financially healthy:
- CTLP's operating cash flow of $29.05M allows it to safely service it's debt of $47.29M.
- CTLP profit margin has gone up from -4.3% to 5.7% in the past year.
- There are more short-term assets than long-term liabilities on the CTLP balance sheet.
- CTLP earnings of $18.63M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the CTLP balance sheet.
Signs that CTLP is not financially healthy:
- CTLP has a relatively high debt to equity ratio of 0.73.
- Total CTLP debt is higher than 5 years ago, relative to shareholder equity.
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 revenue was $252.57M. Over the past five year, CTLP's revenue has increased by 11.9% per year. This was faster than the Information Technology Services industry average of 7.63%.
Dive into CTLP's earnings and revenue performance here.
Are CTLP executives and large shareholders buying or selling the stock?
In the past 12 months, executives and large shareholders 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.
Dig into more about who owns CTLP stock here.
Can I rely on CTLP as an income stream?
No, Cantaloupe doesn't provide an income stream by paying out dividends.
CTLP Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your CTLP trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.
Press the Open Trade button and your broker will place your order.
If you need more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get updates on your investment in CTLP
Now that you own some shares in CTLP, you'll want to stay up-to-date on your new shares.
Add CTLP to a watchlist to see the latest developments about your CTLP stock.
CTLP Feed
How to Buy Stock in Cantaloupe
To summarize, here are the 6 steps for buying Cantaloupe stock:
- Figure out where to buy Cantaloupe stock
- Create your brokerage account
- Fund your brokerage account
- Research Cantaloupe stock
- Execute your CTLP trade
- Get updates on your investment in CTLP
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Cantaloupe, hit the button below to create your watchlist.
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