Castor Maritime Inc (CTRM) is a publicly traded marine shipping business based in the US. Castor Maritime is listed on the NASDAQ and traded in US dollars. Its current price of $4.09 is -99.8% up on its price a month ago ($1,970.00).
How to buy shares in Castor Maritime
Open a brokerage account.Choose from our top broker picks or compare brokers in depth. Then, complete an application.
Fund your account.Add money to your account via bank transfer, debit card or credit card.
Search the platform by ticker symbol.CTRM in this case.
Choose an order type.Place a market order or limit order with your preferred number of shares or dollar amount.
Submit the order.It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.
Our top picks for where to buy Castor Maritime shares
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We analysed all popular share dealing platforms in the UK using 35 data points and combined this with our expert insight from using the apps. The platforms we've selected as best for each category offer stand-out features or a unique combination of elements for a specific aspect of investing. If we show a "Promoted for" pick, it's been chosen from among our partners and is based on factors that include special features or offers, and the commission we receive. Keep in mind that our picks may not always be the best for you – it's important to compare for yourself. More details in our full methodology.
Fees calculator for buying Castor Maritime shares with popular apps
Both exchange rates and share prices fluctuate in real time, so the costs estimated here should be considered as a guide only. They don't factor in spreads, which can be hard to pin down. Always refer to the platform itself for availability and pricing.
These providers cover a wide range of stocks, but we can't guarantee they'll all offer this stock.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Buying shares in just one company is generally considered a riskier bet than investing in a range of investments - AKA a "diversified portfolio". Experts generally recommend holding a mix of investments in specific assets and funds. Funds are ready-made portfolios of multiple companies' shares (potentially including Castor Maritime), and the idea is that drops in the value of one constituent company's share price might be offset by rises in others.
Castor Maritime is a major part of the NASDAQ, so it's included in many global funds and investment trusts, as well as tracker-style exchange traded funds (ETFs).
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Use our graph to track the performance of CTRM stock over time.
Historical closes compared with the last close of $4.09
1 week (2024-10-06)
-0.24%
1 month (2024-09-12)
-99.79%
3 months (2024-07-12)
-99.80%
6 months (2024-04-12)
-99.80%
1 year (2023-10-12)
-99.79%
2 years (2022-10-13)
271.82%
3 years (2021-10-13)
70.42%
5 years (2019-10-13)
9.95%
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Is Castor Maritime under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Castor Maritime P/E ratio, PEG ratio and EBITDA.
Castor Maritime's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 1x. In other words, Castor Maritime's shares trade at around 1x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
However, Castor Maritime's P/E ratio is best considered in relation to those of others within the industry or those of similar companies.
Navios Maritime Partners LP Unit (NMM.US): 4.85
N/A ( IMPP.US): 0.00
Pyxis Tankers (PXS.US): 1.84
Globus Maritime (GLBS.US): 5.89
Castor Maritime's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $31 million (£0.0 million).
The EBITDA is a measure of Castor Maritime's overall financial performance and is widely used to measure a its profitability.
To put that into context you can compare it against similar companies.
Navios Maritime Partners LP Unit (NMM.US): USD$631 million
Pyxis Tankers (PXS.US): USD$26.8 million
Globus Maritime (GLBS.US): USD$6.7 million
Frequently asked questions
Currently 1.301% of Castor Maritime shares are held by institutions.
Castor Maritime's shares were split on a 1:10 basis on 26 March 2024. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Castor Maritime shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Castor Maritime shares which in turn could have impacted Castor Maritime's share price.
It's as easy to sell Castor Maritime as it is to buy! Here's how to sell Castor Maritime shares that you already own.
Open your investment app. If you've got one with desktop access, you can log in online
Go to your portfolio. This should be in the main menu
Find your shares. You may be able to search your portfolio
Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
Sell your Castor Maritime shares. Your investment platform will let you know when your shares are sold
Most dealing providers will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.
The easiest way to get hold of some Castor Maritime shares is to sign up for a share trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in Castor Maritime shares.
If you're investing in a US stock, you'll need to complete a W8-BEN form to minimise your tax liability. Whether these are automatically handled for you depends on your broker, so it would be a good idea to check with them directly.
Castor Maritime financials
Revenue TTM
$84.4 million
Operating margin TTM
16.85%
Gross profit TTM
$167.3 million
Return on assets TTM
1.57%
Return on equity TTM
13%
Profit margin
76.76%
Book value
$52.14
Market capitalisation
$39.6 million
TTM: trailing 12 months
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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