How to buy Castor Maritime shares

Castor Maritime shares have fallen 1.31% from their previous closing price ($4.895). Learn how to easily invest in Castor Maritime shares in the UK.

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 $4.895 is 0.5% up on its price a month ago ($4.87).

How to buy shares in Castor Maritime

  1. Open a brokerage account. Choose from our top broker picks or compare brokers in depth. Then, complete an application.
  2. Fund your account. Add money to your account via bank transfer, debit card or credit card.
  3. Search the platform by ticker symbol. CTRM in this case.
  4. Choose an order type. Place a market order or limit order with your preferred number of shares or dollar amount.
  5. 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.

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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.

Quantity of shares

1000
Platform Finder Score Account fee Min. initial deposit Trade cost Link
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4.3 ★★★★★
£0 $100 £3,846.06
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Saxo Share Dealing Account logo
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0.12% per year £0 £3,810.33
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XTB logo
4.4 ★★★★★
£0 £0 £3,808.17
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CMC Invest share dealing account logo
4.4 ★★★★★
£0 £0 £3,808.17
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Hargreaves Lansdown Fund and Share Account logo
4.2 ★★★★★
£0 £1 £3,839.06
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Webull logo
4.1 ★★★★★
£0 £0 £3,803.43
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Trading212 logo
4.7 ★★★★★
£0 £1 £3,794.90
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Full comparison of share dealing platforms

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.

Alternative ways to invest in Castor Maritime

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).

Is it a good time to buy Castor Maritime stock?

Review technicals and fundamentals to help you determine if now's a good time for you to invest.

Technical analysis

View Castor Maritime's price performance, share price volatility, historical data and technicals.

Use our graph to track the performance of CTRM stock over time.

Historical closes compared with the last close of $4.895

1 week (2024-07-16)4.15%
1 month (2024-06-23)0.51%
3 months (2024-04-23)50.15%
6 months (2024-01-23)863.58%
1 year (2023-07-23)961.82%
2 years (2022-07-21)226.33%
3 years (2021-07-22)143.53%
5 years (2019-07-23)17.95%

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.

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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 2x. In other words, Castor Maritime's shares trade at around 2x 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): 3.69
  • Pyxis Tankers (PXS.US): 2.08
  • Globus Maritime (GLBS.US): 14.58

Castor Maritime's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $35.5 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$637.6 million
  • Pyxis Tankers (PXS.US): USD$24.1 million
  • Globus Maritime (GLBS.US): USD$3.3 million

Frequently asked questions

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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