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 $2.20, down 1.35% from the previous day, and has decreased 48.24% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.25 percentage points. Castor Maritime stock is currently +15.18% from its 52-week low of $1.91, and -49.89% from its 52-week high of $4.39.
There are currently 9.66M CTRM shares outstanding. The market cap of CTRM is $21.26M. In the last 24 hours, 41,200 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
Based on our research, eToro is the best place to buy stocks. Here's why:
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- Social investing: eToro has a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by opening an account with eToro today. This offer is only for US users.
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/B ratio of 0.04x, relative to Marine Shipping industry P/B ratio of 0.89x
You can do additional valuation analysis on CTRM's stock here.
CTRM Financial Summary
Signs that CTRM is financially healthy:
- CTRM has a low debt to equity ratio of 0.26.
- There are more short-term assets than long-term liabilities on the CTRM balance sheet.
- CTRM's operating cash flow of $28.85M allows it to safely service it's debt of $55.04M.
- Total CTRM debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the CTRM balance sheet.
Signs that CTRM is not financially healthy:
- CTRM profit margin has gone down from 51.1% to -13.3% in the past year.
- CTRM earnings of -$26.50M is not sufficient to cover its interest payments.
CTRM Trading Indicators
Is CTRM Growing Revenue?
Last year, CTRM revenue was $66.20M. In the past five year, CTRM's revenue has grown by 53.51% per year. This was faster than the Marine Shipping industry average of 22.3%.
Dig into CTRM's earnings and revenue performance here.
Are CTRM executives and large shareholders buying or selling the stock?
In the last 12 months, insiders at CTRM have not bought or sold any shares.
Get more info about who owns CTRM shares here.
Does CTRM provide a stable 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 learn what other investors 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 stock at the best possible price.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, use a limit order.
Hit the Open Trade button and eToro will execute your order.
If you want more help buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your CTRM position
Now that you own some shares in CTRM, you'll want to keep up with your new investment.
Create a watchlist to track the latest developments regarding your CTRM stock.
CTRM Feed
How to Buy Stock in Castor Maritime
To reiterate, here are the 6 steps for buying 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 need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Castor Maritime, add CTRM to your watchlist by clicking the button below.
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