How to Buy Castor Maritime Stock
Castor Maritime Inc
Castor Maritime Inc. provides shipping services worldwide. The company operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker.
Castor Maritime stock last closed at $3.37, down 2.03% from the previous day, and has decreased 59.69% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.86 percentage points. Castor Maritime stock is currently +18.04% from its 52-week low of $2.86, and -59.34% from its 52-week high of $8.29.
There are currently 9.66M CTRM shares outstanding. The market cap of CTRM is $32.56M. In the last 24 hours, 53,180 CTRM shares were traded.
How to Buy Castor Maritime Stock
Wondering how to invest in Castor Maritime stock? Here's how.
- Decide where to buy Castor Maritime stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Castor Maritime stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your payment method and add your information.
- Analyze Castor Maritime stock: The Castor Maritime ticker symbol is CTRM. Is Castor Maritime stock a good investment? Should you buy shares of CTRM? How do CTRM's underlying business fundamentals look? Do top analysts think Castor Maritime is a good buy? Why has CTRM's stock price moved recently? (Hint: Our stock research tools can help you understand if CTRM is a good stock to buy).
- Execute your CTRM trade: Decide if you will purchase CTRM shares at the current market price or use a limit order to purchase CTRM shares at a specific price.
- Keep tabs on your CTRM position: Create a watchlist to get the latest news on your position in Castor Maritime stock.
Step 1: Decide where to buy Castor Maritime stock
You need an online brokerage account to access the NASDAQ market and buy CTRM stock.
Our favorite brokerage: eToro
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Get $10 towards your purchase of stock by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can buy CTRM stock today.
How to Start a New Investment 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.
- Enter your personal details to create your new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on one of the best stock market apps, you need to deposit funds:
Check out this video walkthrough if you need help transferring money into your investment account.
Step 4: Analyze Castor Maritime stock
Once you have decided on the best place to buy Castor Maritime stock, it's important to analyze their stock prior to buying, so you actually wrap your head around the risk and opportunity.
Castor Maritime stock data
CTRM Due Diligence Checks
WallStreetZen was designed to help average investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on CTRM's stock page.
Is CTRM stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge CTRM's true value.
Using relative valuations methods:
- CTRM may be undervalued based on its P/E ratio of 0.86x, relative to Marine Shipping industry P/E ratio of 15.95x
- CTRM may be undervalued based on its P/B ratio of 0.07x, relative to Marine Shipping industry P/B ratio of 0.94x
You can access additional valuation analysis on CTRM's stock here.
CTRM Financial Summary
Signs that CTRM is financially healthy:
- There are more short-term assets than short-term liabilities on the CTRM balance sheet.
- CTRM's operating cash flow of $42.59M allows it to safely service it's debt of $85.80M.
- There are more short-term assets than long-term liabilities on the CTRM balance sheet.
- CTRM has a low debt to equity ratio of 0.31.
Signs that CTRM is not financially healthy:
- CTRM profit margin has gone down from 78.9% to 37.9% in the past year.
- Total CTRM debt is higher than 5 years ago, relative to shareholder equity.
- CTRM earnings of $50.08M is not sufficient to cover its interest payments.
CTRM Technicals
How are CTRM Revenues/Earnings doing?
Last year, CTRM earnings were $36.98M. In the last 4 year, CTRM's earnings have grown by -40.49% per year. This was slower than the Marine Shipping industry average of 15.53%.
Last year, CTRM revenue was $97.52M. During the past 4 year, CTRM's revenue has grown by 101.06% per year. This was faster than the Marine Shipping industry average of 15.71%.
You can research CTRM's earnings and revenue performance here.
Are CTRM insiders buying or selling the stock?
In the last year, executives and large shareholders at CTRM have not bought or sold any shares.
Learn more about who owns CTRM stock here.
Can I rely on CTRM as an income stream?
No, Castor Maritime doesn't provide an income stream by paying out dividends.
CTRM Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your CTRM trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, use a limit order.
Press the Open Trade button and your broker will execute your order.
If you want more info about buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your CTRM position
Now that you own some CTRM shares, you'll want to stay up-to-date on your new investment.
Make a watchlist to see the latest developments about your CTRM stock.
CTRM Feed
How to Buy Stock in Castor Maritime
To reiterate, here are the 6 steps to buy Castor Maritime stock:
- Decide where to buy Castor Maritime stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Analyze Castor Maritime stock
- Execute your CTRM trade
- Keep tabs on your CTRM position
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Castor Maritime, add CTRM to your watchlist below.
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