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Castor Maritime (CTRM)
:CTRM

Castor Maritime (CTRM) AI Stock Analysis

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Castor Maritime

(NASDAQ:CTRM)

Rating:61Neutral
Price Target:
$2.50
▲(17.37%Upside)
Castor Maritime's overall stock score is driven by its strong balance sheet and undervalued valuation, indicating potential for long-term stability and growth. However, declining revenue, profit margins, and technical weakness present significant challenges that need addressing to improve the stock's outlook.

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 makes money primarily through the chartering of its dry bulk vessels to customers in need of maritime transportation services. The company operates on a time charter and voyage charter basis, where it leases its vessels for specific durations or voyages in exchange for a fixed fee or freight rate. Revenue is generated from these charter agreements, which are influenced by factors such as market demand for dry bulk commodities, shipping rates, and global economic conditions. Additionally, Castor Maritime may engage in strategic partnerships or acquisitions to expand its fleet and enhance its service offerings, further contributing to its revenue growth.

Castor Maritime Financial Statement Overview

Summary
Castor Maritime's financial performance shows a mixed scenario with a strong balance sheet featuring low leverage and high equity, providing stability. However, revenue and net profit margins are declining, and cash flow challenges are evident, indicating potential operational difficulties needing attention.
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
Negative
Last Price2.13
Price Trends
50DMA
2.25
Negative
100DMA
2.34
Negative
200DMA
2.92
Negative
Market Momentum
MACD
-0.04
Positive
RSI
41.29
Neutral
STOCH
13.23
Positive
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 2.13 is below the 20-day moving average (MA) of 2.28, below the 50-day MA of 2.25, and below the 200-day MA of 2.92, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 41.29 is Neutral, neither overbought nor oversold. The STOCH value of 13.23 is Positive, 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 0 New Risks

Castor Maritime Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
$21.13M1.1122.49%-15.10%-9.38%
65
Neutral
$10.65B15.495.57%1.97%2.71%-26.32%
61
Neutral
$20.58M2.363.07%-32.07%-9.50%
59
Neutral
$24.69M4.903.07%3.83%
48
Neutral
$13.71M-10.92%2.72%-2.85%-280.26%
47
Neutral
$23.98M61.24-0.43%17.92%-131.47%
45
Neutral
$27.33M-11.54%10.25%-269.52%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CTRM
Castor Maritime
2.13
-2.69
-55.81%
PSHG
Performance Shipping
1.70
-0.38
-18.27%
GLBS
Globus Maritime
1.16
-0.72
-38.30%
TOPS
Top Ships
5.34
-4.62
-46.39%
EDRY
EuroDry
9.67
-15.02
-60.83%
USEA
United Maritime Corp.
1.48
-0.92
-38.33%
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: Jun 27, 2025