Castor Maritime Inc (CTRM)
NASDAQ:CTRM
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Castor Maritime
(NASDAQ:CTRM)
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Rating:67Neutral
Price Target:
$2.50
▲(30.21% Upside)
Action:Reiterated
Date:06/06/26
The score is anchored by mixed financial performance: strong TTM rebound and a low-leverage balance sheet are tempered by uneven cash-flow conversion, negative EBIT vs. positive net income, and shrinking fleet capacity KPIs. Technicals add modest support with neutral-to-positive momentum, while valuation is a key positive due to the extremely low P/E.
Positive Factors
Low leverage & strengthened liquidity
A low debt-to-equity profile and recent balance-sheet reshaping (loan repayment and higher cash balances) increase financial flexibility, reducing solvency risk and enabling the company to fund dry-docks, restructuring or opportunistic acquisitions without overreliance on volatile shipping markets.
Negative Factors
Earnings-quality risk from non-operating gains
Reported net income has been materially influenced by unrealized investment gains and non-operating items, while EBIT remained near break-even. This divergence suggests core shipping operations may not be generating the same profit level, raising sustainability concerns for earnings and cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage & strengthened liquidity
A low debt-to-equity profile and recent balance-sheet reshaping (loan repayment and higher cash balances) increase financial flexibility, reducing solvency risk and enabling the company to fund dry-docks, restructuring or opportunistic acquisitions without overreliance on volatile shipping markets.
Read all positive factors
Castor Maritime Key Performance Indicators (KPIs)
Castor Maritime (CTRM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.74M
Dividend YieldN/A
Average Volume (3M)37.63K
Price to Earnings (P/E)1.1
Beta (1Y)0.49
Revenue Growth24.97%
EPS GrowthN/A
CountryUS
Employees1
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)7.96
Shares Outstanding9,662,354
10 Day Avg. Volume30,491
30 Day Avg. Volume37,633
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.03
Price to Sales (P/S)0.24
P/FCF Ratio2.18
Enterprise Value/Market Cap-2.55
Enterprise Value/Revenue-0.67
Enterprise Value/Gross Profit-2.38
Enterprise Value/Ebitda-0.86
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 makes money mainly by earning charter revenues from the operation of its vessels. Its core revenue streams typically come from: (1) Time charters, where a charterer hires a vessel for a set period and pays a daily hire rate; Castor...
Castor Maritime Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 82.73M | 81.81M | 66.24M | 97.52M | 150.22M | 132.05M |
| Gross Profit | 23.25M | 21.72M | 19.65M | 28.47M | 86.70M | 65.53M |
| EBITDA | 64.57M | 40.21M | 37.37M | 55.71M | 92.28M | 69.99M |
| Net Income | 85.35M | 19.27M | 14.62M | 38.64M | 118.56M | 52.27M |
Balance Sheet | ||||||
| Total Assets | 893.04M | 797.36M | 797.38M | 605.04M | 632.92M | 462.91M |
| Cash, Cash Equivalents and Short-Term Investments | 211.70M | 180.09M | 157.02M | 188.47M | 100.59M | 37.17M |
| Total Debt | 68.72M | 78.05M | 111.32M | 83.39M | 138.77M | 102.04M |
| Total Liabilities | 141.47M | 128.40M | 171.91M | 94.31M | 171.43M | 119.98M |
| Stockholders Equity | 646.89M | 606.14M | 570.13M | 510.73M | 461.50M | 342.93M |
Cash Flow | ||||||
| Free Cash Flow | 19.60M | 9.16M | -30.26M | 41.97M | 47.35M | -287.87M |
| Operating Cash Flow | 20.39M | 10.05M | 41.91M | 42.59M | 123.75M | 60.78M |
| Investing Cash Flow | 77.12M | 97.07M | -133.48M | -9.12M | -63.74M | -348.64M |
| Financing Cash Flow | 15.19M | -46.32M | 59.56M | -2.14M | 48.90M | 321.82M |
Castor Maritime Technical Analysis
Positive
1.92
Price Trends
1.93
Positive
2.05
Positive
2.07
Positive
Market Momentum
0.06
Negative
55.65
Neutral
57.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTRM, the sentiment is Positive. The current price of 1.92 is below the 20-day moving average (MA) of 2.00, below the 50-day MA of 1.93, and below the 200-day MA of 2.07, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 55.65 is Neutral, neither overbought nor oversold. The STOCH value of 57.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $21.74M | 1.07 | -5.54% | ― | 24.97% | ― | |
64 Neutral | $21.38M | 0.73 | 9.79% | ― | 11.81% | -51.76% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | $45.75M | -25.82 | -1.00% | ― | 26.77% | -515.79% | |
51 Neutral | $24.32M | -11.70 | -3.33% | 6.20% | -10.84% | 72.72% | |
45 Neutral | $7.69M | 1.42 | 7.94% | ― | -6.63% | -38.69% |
* Industrials Sector Average
CTRM
Castor Maritime
2.13
-0.17
-7.39%
PSHG
Performance Shipping
1.80
0.12
7.14%
GLBS
Globus Maritime
2.09
0.93
80.17%
TOPS
Top Ships
0.95
-6.46
-87.20%
USEA
United Maritime Corp.
2.47
1.30
111.47%
Castor Maritime Corporate Events
Castor Maritime Swings to $69.2 Million Q1 2026 Profit on Market Gains and Higher Charter Rates
Jun 2, 2026
Castor Maritime reported first-quarter 2026 results on June 2, 2026, showing a sharp turnaround to net income of $69.2 million from a $23.3 million loss a year earlier, driven largely by a strong unrealized fair value gain on its listed equity por...
Castor Maritime Swings to Profit and Reshapes Balance Sheet on 2025 Results
Apr 15, 2026
Castor Maritime on April 15, 2026 reported a sharp swing to profitability for the fourth quarter and full year ended December 31, 2025, with Q4 net income of $17.6 million versus a $32.7 million loss a year earlier and full-year net income rising ...
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.