tiprankstipranks
Trending News
More News >
Castor Maritime Inc (CTRM)
NASDAQ:CTRM
Advertisement

Castor Maritime (CTRM) AI Stock Analysis

Compare
2,365 Followers

Top Page

CTRM

Castor Maritime

(NASDAQ:CTRM)

Select Model
Select Model
Select Model
Neutral 54 (OpenAI - 4o)
Rating:54Neutral
Price Target:
$2.00
▼(-9.09% Downside)
Castor Maritime's overall stock score is primarily influenced by its financial performance and technical analysis. The strong balance sheet is overshadowed by declining revenue and profitability, as well as cash flow issues. Technical indicators suggest a neutral to bearish trend, and valuation metrics are unattractive due to a negative P/E ratio.

Castor Maritime (CTRM) vs. SPDR S&P 500 ETF (SPY)

Castor Maritime Business Overview & Revenue Model

Company DescriptionCastor Maritime Inc. provides shipping services worldwide. The company operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. It offers seaborne transportation services for dry bulk cargo; commodities, such as iron ore, coal, soybeans, etc.; and crude oil and refined petroleum products. As of December 31, 2021, the company owned and operated a fleet of 29 vessels primarily consisting of two Handysize tanker vessels, seven Aframax/LR2 tanker vessels, and 14 dry bulk vessels. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.
How the Company Makes MoneyCastor Maritime generates revenue primarily through the chartering of its vessels. The company earns income by either time charters or spot charters, depending on market demand and shipping rates. Time charters provide a steady revenue stream over a specified period, while spot charters capitalize on fluctuating market rates for immediate shipping needs. Additionally, the company may benefit from long-term contracts with established clients, which can offer more predictable revenue. The effectiveness of Castor Maritime's revenue model is influenced by global shipping demand, freight rates, and operational efficiency. Strategic partnerships with chartering companies and freight brokers also enhance its market reach and contribute to earnings.

Castor Maritime Financial Statement Overview

Summary
Castor Maritime's financial performance is mixed, with a strong balance sheet characterized by low leverage and high equity, providing stability. However, declining revenue and net profit margins, alongside cash flow challenges, indicate potential operational difficulties. The firm needs to address revenue growth and cash management to improve its financial health.
Income Statement
60
Neutral
Castor Maritime's income statement reflects a significant revenue decrease over recent years, with a revenue growth rate of -32.1% from 2023 to 2024. The gross profit margin stands at 29.66% for 2024, indicating reasonable cost management. However, the net profit margin decreased to 22.07% in 2024 from 39.63% in 2023, reflecting declining profitability. While EBIT and EBITDA margins remain robust at 32.34% and 52.11% respectively, the overall trajectory suggests potential challenges in maintaining revenue levels.
Balance Sheet
75
Positive
The balance sheet shows a strong equity position with a debt-to-equity ratio of 0.20 in 2024, indicating low leverage. The company maintains a solid equity ratio of 71.52%, highlighting financial stability. Return on equity has decreased to 2.57% in 2024, reflecting lower profitability, though the company still benefits from substantial equity backing. This stability provides a buffer against industry fluctuations.
Cash Flow
50
Neutral
Cash flow analysis reveals a decrease in free cash flow from 2023 to 2024, with a growth rate of -172%. The operating cash flow to net income ratio is 2.87, indicating that operational cash generation remains strong relative to net income. However, the free cash flow to net income ratio is negative, suggesting challenges in capital expenditure management. These metrics reflect short-term cash flow concerns.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue76.44M66.24M97.52M262.10M132.05M12.49M
Gross Profit26.50M19.65M28.47M140.26M65.53M2.55M
EBITDA93.72M34.53M55.71M90.06M69.99M2.36M
Net Income73.04M14.62M38.64M118.56M40.50M-1.75M
Balance Sheet
Total Assets563.21M797.38M605.04M632.92M462.91M74.37M
Cash, Cash Equivalents and Short-Term Investments233.44M157.02M188.47M142.37M37.17M8.93M
Total Debt1.62M111.32M83.39M151.84M102.04M18.19M
Total Liabilities7.42M171.91M94.31M171.43M119.98M21.99M
Stockholders Equity555.79M570.13M461.18M461.50M342.93M52.38M
Cash Flow
Free Cash Flow11.89M-30.26M41.97M47.35M-287.87M-37.82M
Operating Cash Flow42.57M41.91M42.59M123.75M60.78M-2.34M
Investing Cash Flow139.00M-133.48M-9.12M-63.74M-348.64M-35.47M
Financing Cash Flow-105.04M59.56M-64.88M48.90M321.82M42.18M

Castor Maritime Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price2.20
Price Trends
50DMA
2.17
Positive
100DMA
2.22
Negative
200DMA
2.42
Negative
Market Momentum
MACD
<0.01
Negative
RSI
57.46
Neutral
STOCH
89.09
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTRM, the sentiment is Neutral. The current price of 2.2 is above the 20-day moving average (MA) of 2.09, above the 50-day MA of 2.17, and below the 200-day MA of 2.42, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.46 is Neutral, neither overbought nor oversold. The STOCH value of 89.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CTRM.

Castor Maritime Risk Analysis

Castor Maritime disclosed 51 risk factors in its most recent earnings report. Castor Maritime reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Castor Maritime Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
23.37M0.9515.89%-7.48%3.08%
59
Neutral
25.35M5.043.49%3.83%0.00%
56
Neutral
15.55M-2.34-5.63%7.38%-7.89%-186.18%
54
Neutral
$21.26M2.34-5.58%-29.15%-118.42%
50
Neutral
34.54M-2.35-9.69%-13.96%-498.96%
47
Neutral
25.11M-4.260.24%11.80%-186.40%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CTRM
Castor Maritime
2.20
-1.86
-45.81%
PSHG
Performance Shipping
1.88
-0.02
-1.05%
GLBS
Globus Maritime
1.22
-0.84
-40.78%
TOPS
Top Ships
5.48
-2.45
-30.90%
EDRY
EuroDry
12.22
-8.55
-41.17%
USEA
United Maritime Corp.
1.69
-0.73
-30.17%

Castor Maritime Corporate Events

Castor Maritime Announces Key Decisions from 2025 Annual Meeting
Sep 15, 2025

On September 12, 2025, Castor Maritime Inc. held its 2025 Annual General Meeting of Shareholders in Limassol, Cyprus, where key proposals were approved. These included the re-election of Mr. Dionysios Makris as Class B Director until 2028 and the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for the fiscal year 2025. These decisions reflect the company’s ongoing commitment to maintaining strong governance and financial oversight.

Castor Maritime Reports Q1 2025 Financial Results Amid Market Challenges
Aug 11, 2025

On August 11, 2025, Castor Maritime Inc. reported a challenging first quarter for 2025, with total vessel revenues dropping by 44.6% to $11.3 million compared to the same period in 2024. The company faced a net loss of $23.3 million, primarily due to unrealized losses from equity investments. Despite the decrease in revenues and net income, Castor Maritime successfully repaid a $100 million loan from Toro Corp., enhancing its financial flexibility and reducing leverage. The company remains focused on strategic growth in the shipping and energy sectors, despite the softer conditions in the dry bulk market.

Castor Maritime Completes Sale and Leaseback of M/V Magic Thunder
Jul 30, 2025

On July 29, 2025, Castor Maritime Inc. completed a sale and leaseback transaction for the M/V Magic Thunder, a 2011-built Kamsarmax bulk carrier vessel, with a Japanese counterparty. The transaction, valued at $14.6 million, includes a five-year bareboat charter and a purchase option starting at the end of the second year, potentially enhancing Castor’s financial flexibility and operational strategy.

Castor Maritime Schedules 2025 Annual General Meeting for September
Jul 29, 2025

On July 29, 2025, Castor Maritime Inc. announced that its 2025 Annual General Meeting of Shareholders will be held on September 12, 2025, in Limassol, Cyprus. The announcement sets the record date for shareholders entitled to vote at the meeting as July 14, 2025. This meeting is a significant event for the company as it provides an opportunity for shareholders to engage with the company’s leadership and discuss future strategies, potentially impacting the company’s operations and market positioning.

Castor Maritime Expands Stake in MPC Container Ships
Jul 7, 2025

Castor Maritime Inc., through its subsidiary MPCC CSI LTD., has increased its stake in MPC Container Ships ASA by acquiring an additional 3.44% of shares. This acquisition, completed on July 4, 2025, raises the collective holdings of MPC Capital AG and its affiliates in MPCC to 20.12%, enhancing their influence and voting rights within the company.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 17, 2025