Castor Maritime Inc (CTRM)
NASDAQ:CTRM
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Castor Maritime
(NASDAQ:CTRM)
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Rating:52Neutral
Price Target:
$2.50
▲(30.21% Upside)
Action:UpgradedDate:01/29/26
The score is held back primarily by weak financial performance—large losses, negative operating margins, and worsening free cash flow—despite a conservatively leveraged balance sheet. Technicals provide some support with the stock trading above key moving averages and modestly positive momentum, but valuation remains constrained by negative earnings and no dividend yield data.
Positive Factors
Conservative leverage / balance sheet strength
A low debt-to-equity ratio indicates conservative leverage, giving Castor greater resilience across shipping cycles. This structural strength reduces near-term refinancing risk, preserves capacity to fund vessel investments or weather downturns, and supports strategic optionality.
Negative Factors
Persistent negative profitability margins
Deep negative margins signal structural inability to convert revenue into sustainable profits. Over months this undermines retained earnings, constrains reinvestment in the fleet, and raises the likelihood of recurring asset disposals or restructuring to restore long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage / balance sheet strength
A low debt-to-equity ratio indicates conservative leverage, giving Castor greater resilience across shipping cycles. This structural strength reduces near-term refinancing risk, preserves capacity to fund vessel investments or weather downturns, and supports strategic optionality.
Read all positive factors
Castor Maritime (CTRM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$17.63M
Dividend YieldN/A
Average Volume (3M)37.63K
Price to Earnings (P/E)0.3
Beta (1Y)0.61
Revenue Growth-1.35%
EPS Growth-118.25%
CountryUS
Employees1
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)N/A
Shares Outstanding9,662,354
10 Day Avg. Volume30,491
30 Day Avg. Volume37,633
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.05
Price to Sales (P/S)0.40
P/FCF Ratio-0.88
Enterprise Value/Market Cap-5.74
Enterprise Value/Revenue-1.34
Enterprise Value/Gross Profit-5.23
Enterprise Value/Ebitda-9.89
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Castor Maritime Business Overview & Revenue Model
Company Description
Castor 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 or...
How the Company Makes Money
Castor Maritime generates revenue primarily through the chartering of its fleet of vessels. The company earns income by entering into time charters and spot charters with shipping companies, where it either leases its ships for a predetermined per...
Castor Maritime Key Performance Indicators (KPIs)
Castor Maritime Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 75.41M | 66.24M | 97.52M | 150.22M | 132.05M | 12.49M |
| Gross Profit | 19.35M | 19.65M | 28.47M | 86.70M | 65.53M | 2.55M |
| EBITDA | 10.24M | 37.37M | 55.71M | 92.28M | 69.99M | 2.36M |
| Net Income | -28.22M | 14.62M | 38.64M | 118.56M | 52.27M | -1.75M |
Balance Sheet | ||||||
| Total Assets | 792.45M | 797.38M | 605.04M | 632.92M | 462.91M | 74.37M |
| Cash, Cash Equivalents and Short-Term Investments | 181.12M | 157.02M | 188.47M | 100.59M | 37.17M | 8.93M |
| Total Debt | 4.98M | 111.32M | 83.39M | 138.77M | 102.04M | 18.19M |
| Total Liabilities | 80.40M | 171.91M | 94.31M | 171.43M | 119.98M | 21.99M |
| Stockholders Equity | 652.98M | 570.13M | 510.73M | 461.50M | 342.93M | 52.38M |
Cash Flow | ||||||
| Free Cash Flow | -34.69M | -30.26M | 41.97M | 47.35M | -287.87M | -37.82M |
| Operating Cash Flow | 7.94M | 41.91M | 42.59M | 123.75M | 60.78M | -2.34M |
| Investing Cash Flow | -172.48M | -133.48M | -9.12M | -63.74M | -348.64M | -35.47M |
| Financing Cash Flow | 114.92M | 59.56M | -64.88M | 48.90M | 321.82M | 42.18M |
Castor Maritime Technical Analysis
Negative
1.92
Price Trends
2.13
Negative
2.11
Negative
2.14
Negative
Market Momentum
-0.11
Positive
36.96
Neutral
34.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTRM, the sentiment is Negative. The current price of 1.92 is below the 20-day moving average (MA) of 2.00, below the 50-day MA of 2.13, and below the 200-day MA of 2.14, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 36.96 is Neutral, neither overbought nor oversold. The STOCH value of 34.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 3 New Risks
1.
Our Series D Preferred Shares rank senior to our common shares with respect to dividends, distributions and payments upon liquidation and are convertible into our common shares, which could have an adverse effect on the value of our common shares. Q4, 2023
2.
We do not have a declared dividend policy and our Board may never declare cash dividends on our common shares. Q4, 2023
3.
We have ceased to qualify as an "emerging growth company" and will incur increased costs as a result. Q4, 2023
Castor Maritime Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $23.87M | 0.53 | 16.53% | ― | -11.07% | -13.39% | |
65 Neutral | $14.02M | 1.32 | 7.94% | ― | 4.77% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $17.63M | 0.26 | -5.54% | ― | -1.35% | -118.25% | |
51 Neutral | $46.62M | -20.72 | -2.65% | ― | 18.49% | -264.74% | |
47 Neutral | $18.80M | -2.44 | -10.68% | 6.20% | -8.96% | -88.67% |
* Industrials Sector Average
CTRM
Castor Maritime
1.83
-0.49
-21.00%
PSHG
Performance Shipping
1.92
0.34
21.52%
GLBS
Globus Maritime
2.16
0.95
78.66%
TOPS
Top Ships
3.03
-2.79
-47.94%
USEA
United Maritime Corp.
2.05
0.86
72.85%
Castor Maritime Corporate Events
Castor Maritime Seals $15.6 Million Sale-and-Leaseback Deal for M/V Magic Perseus
Jan 5, 2026
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 2...
Castor Maritime and Toro Push Back Convertible Preferred Share Conversion to 2027
Dec 29, 2025
On December 23, 2025, Castor Maritime Inc. and Toro Corp. agreed to amend the terms of their cross-held perpetual convertible preferred shares, extending the initial conversion dates of Castor’s 5.00% Series D and Toro’s 1.00% Series A...
Castor Maritime Reports Q3 2025 Financial Results with Significant Net Income Growth
Dec 3, 2025
On December 3, 2025, Castor Maritime Inc. reported its financial results for the three and nine months ended September 30, 2025. The company saw a significant increase in net income for the third quarter, reaching $21.0 million, a 650% rise compar...
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.