How to Buy Costamare Stock
Costamare Inc
Costamare is a shipping company located in Monaco, which is part of the Industrials sector, and is traded under the ticker CMRE on the NYSE exchange.
Costamare stock last closed at $11.18, up 2.29% from the previous day, and has increased 19.57% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.11 percentage points. Costamare stock is currently +45.01% from its 52-week low of $7.71, and -5.65% from its 52-week high of $11.85.
As of Apr 22, 2024, there are 118.37M CMRE shares outstanding. The market cap of CMRE is $1.32B. In the last 24 hours, 342,599 CMRE shares were traded.
How to Buy Costamare Stock
Wondering how to invest in Costamare stock? Here's how.
- Choose where to buy Costamare stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Costamare stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your method of payment and add your information.
- Research Costamare stock: The Costamare ticker symbol is CMRE. Is Costamare stock a good investment? Should you buy shares of CMRE? How do CMRE's underlying business fundamentals look? Do top analysts think Costamare is a good buy? Why has CMRE's stock price moved recently? (Hint: Our stock market research tools can help you decide if CMRE is a good stock to buy).
- Place your CMRE trade: Decide if you will purchase CMRE shares at the current market price or use a limit order to purchase CMRE shares at a given price.
- Get updates on your CMRE position: Create a watchlist to important notifications about your new investment in Costamare stock.
Step 1: Choose where to buy Costamare stock
You will need an online brokerage account to access the NYSE market and buy CMRE shares.
Our preferred brokerage: eToro
We believe that eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
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- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can invest in CMRE today.
How to Start 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 create your new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on stock market app, you can securely and quickly fund your account:
Watch the walkthrough below for more details transferring money into your new brokerage account.
Step 4: Research Costamare stock
After you have figured out the best place to buy Costamare stock, it's critical to analyze their stock before you invest, so you truly wrap your head around the risk and upside.
Costamare stock at a glance
Costamare Overview
WallStreetZen was designed to help average investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on CMRE's stock page.
Is CMRE stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge CMRE's true value.
Using relative valuations measures:
- CMRE may be undervalued based on its P/E ratio of 3.79x, relative to Marine Shipping industry P/E ratio of 15.78x
- CMRE could be undervalued based on its P/B ratio of 0.56x, relative to Marine Shipping industry P/B ratio of 0.96x
- CMRE may be undervalued based on its PEG ratio of 0.13x
You can do additional valuation analysis on CMRE's stock here.
A quick look at CMRE Financials
Pros:
- Total CMRE debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the CMRE balance sheet.
Cons:
- There are more long-term liabilities than short-term assets on the CMRE balance sheet.
- CMRE has a relatively high debt to equity ratio of 1.2.
- CMRE earnings of $530.18M is not sufficient to cover its interest payments.
- CMRE's operating cash flow of $331.37M allows it to safely service it's debt of $2.65B.
- CMRE profit margin has gone down from 47% to 23.5% in the past year.
Is it a good time to buy CMRE stock, according to analysts?
Out of 2 sell side analysts who give recommendations on CMRE, the consensus analyst rating on Costamare is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Costamare stock forecast page.
CMRE Trading Indicators
Is CMRE Growing Revenue?
Last year, CMRE earnings were $354.68M. In the last five year, CMRE's earnings have grown by 54.97% per year. This was faster than the Marine Shipping industry average of 15.52%.
Last year, CMRE revenue was $1.51B. In the last 5 year, CMRE's revenue has grown by 31.77% per year. This was faster than the Marine Shipping industry average of 15.63%.
Dive into CMRE's earnings and revenue performance here.
Are CMRE insiders buying or selling the stock?
Over the past year, executives and large shareholders at CMRE have not bought or sold any shares.
Learn more about who owns CMRE shares here.
Does CMRE provide a stable income stream?
Costamare pays a dividend of 4.11%, compared to the Marine Shipping industry's average dividend yield of 5.41%. If you owned $1,000 of CMRE stock, you would have been paid $41.14 last year.
Costamare dividend payments have not consistently grown over the past decade and have not remained stable.
Find more analysis about Costamare dividend yield and history here.
What do other investors have to say about CMRE?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your CMRE trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount, use a limit order.
Press the Open Trade button and eToro will place your order.
If you require additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Get updates on your CMRE position
Now that you own some CMRE shares, you'll want to keep up with your investment.
Start a watchlist to get the latest updates about your CMRE stock.
CMRE Feed
How to Buy Stock in Costamare
To summarize, here are the 6 steps to buy Costamare stock:
- Choose where to buy Costamare stock
- Open your brokerage account
- Fund your investment account
- Research Costamare stock
- Place your CMRE trade
- Get updates on your CMRE position
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Costamare, add CMRE to your watchlist below.
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