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An announcement from Castor Maritime ( (CTRM) ) is now available.
On January 5, 2026, Castor Maritime Inc. announced it had signed a sale and leaseback agreement for the M/V Magic Perseus, a 2013-built Kamsarmax bulk carrier, with a Japanese counterparty, with the transaction expected to close later in January 2026. The bareboat financing totals $15.6 million over an eleven-year term and includes a put option for the counterparty after eight years and a purchase option for Castor starting from the end of the second year, indicating a move to optimize the company’s capital structure and maintain operational control of the vessel while potentially freeing up liquidity for broader fleet and energy-infrastructure ambitions.
The most recent analyst rating on (CTRM) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Castor Maritime stock, see the CTRM Stock Forecast page.
Spark’s Take on CTRM Stock
According to Spark, TipRanks’ AI Analyst, CTRM is a Neutral.
Castor Maritime’s overall stock score is primarily impacted by its weak financial performance and valuation concerns. While technical analysis shows some positive momentum, the overbought signals and negative profitability metrics weigh heavily on the stock’s attractiveness.
To see Spark’s full report on CTRM stock, click here.
More about Castor Maritime
Castor Maritime Inc. is a diversified global shipping and energy company engaged in asset management, vessel ownership, and technical and commercial ship management, as well as energy infrastructure projects. The Cyprus-based group operates a fleet of nine vessels with a total capacity of 0.6 million dwt and is the majority shareholder of Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG, positioning it at the intersection of maritime transport and investment management.
Average Trading Volume: 56,822
Technical Sentiment Signal: Sell
Current Market Cap: $20.48M
Find detailed analytics on CTRM stock on TipRanks’ Stock Analysis page.