Castor Maritime Stock Net Income
| CTRM Stock | USD 3.26 0.02 0.61% |
Castor Maritime fundamentals help investors to digest information that contributes to Castor Maritime's financial success or failures. It also enables traders to predict the movement of Castor Stock. The fundamental analysis module provides a way to measure Castor Maritime's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Castor Maritime stock.
| Last Reported | Projected for Next Year | ||
| Net Income From Continuing Ops | 21.3 M | 30.4 M | |
| Net Income Applicable To Common Shares | 136.3 M | 143.2 M | |
| Net Income | 21.3 M | 30.4 M | |
| Net Income Per Share | 4.04 | 3.84 | |
| Net Income Per E B T | 1.80 | 1.03 |
Castor | Net Income |
Castor Maritime Company Net Income Analysis
Castor Maritime's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Castor Maritime Net Income | 21.3 M |
Most of Castor Maritime's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Castor Maritime is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Castor Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Castor Maritime is extremely important. It helps to project a fair market value of Castor Stock properly, considering its historical fundamentals such as Net Income. Since Castor Maritime's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Castor Maritime's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Castor Maritime's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Castor Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Castor Maritime reported net income of 21.3 M. This is 91.79% lower than that of the Marine Transportation sector and significantly higher than that of the Industrials industry. The net income for all United States stocks is 96.27% higher than that of the company.
Castor Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Castor Maritime's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Castor Maritime could also be used in its relative valuation, which is a method of valuing Castor Maritime by comparing valuation metrics of similar companies.Castor Maritime is currently under evaluation in net income category among related companies.
Castor Maritime Institutional Holders
Institutional Holdings refers to the ownership stake in Castor Maritime that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Castor Maritime's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Castor Maritime's value.| Shares | Ep Wealth Advisors, Inc. | 2023-12-31 | 10 K | Founders Capital Management Inc | 2023-12-31 | 8 K | Banque Cantonale Vaudoise | 2023-12-31 | 2 K | Global Retirement Partners, Llc. | 2023-12-31 | 1000 | Coppell Advisory Solutions Llc | 2023-12-31 | 653 | Advisor Group Holdings, Inc. | 2023-12-31 | 510 | Global Wealth Strategies & Associates | 2023-12-31 | 400 | Wolff Wiese Magana Llc | 2023-12-31 | 200 | 1832 Asset Management L.p | 2023-12-31 | 195 | Amvescap Plc. | 2023-12-31 | 230.6 K | Renaissance Technologies Corp | 2023-12-31 | 162 K |
Castor Fundamentals
| Return On Equity | 0.0438 | ||||
| Return On Asset | 0.0158 | ||||
| Profit Margin | 0.40 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | (23.84 M) | ||||
| Shares Outstanding | 9.66 M | ||||
| Shares Owned By Institutions | 1.07 % | ||||
| Number Of Shares Shorted | 52.83 K | ||||
| Price To Earning | 1.51 X | ||||
| Price To Book | 0.08 X | ||||
| Price To Sales | 0.37 X | ||||
| Revenue | 97.52 M | ||||
| Gross Profit | 167.32 M | ||||
| EBITDA | 38.59 M | ||||
| Net Income | 21.3 M | ||||
| Cash And Equivalents | 133.89 M | ||||
| Cash Per Share | 1.41 X | ||||
| Total Debt | 132.94 M | ||||
| Debt To Equity | 0.32 % | ||||
| Current Ratio | 3.67 X | ||||
| Book Value Per Share | 47.73 X | ||||
| Cash Flow From Operations | 42.59 M | ||||
| Short Ratio | 0.87 X | ||||
| Earnings Per Share | 1.00 X | ||||
| Beta | 0.81 | ||||
| Market Capitalization | 31.69 M | ||||
| Total Asset | 605.04 M | ||||
| Retained Earnings | 194.72 M | ||||
| Working Capital | 213.67 M | ||||
| Current Asset | 7.72 M | ||||
| Current Liabilities | 3.7 M | ||||
| Net Asset | 605.04 M |
About Castor Maritime Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Castor Maritime's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Castor Maritime using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Castor Maritime based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Castor Maritime
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Castor Maritime position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Castor Maritime will appreciate offsetting losses from the drop in the long position's value.Moving against Castor Stock
| 0.92 | KEX | Kirby Earnings Call Today | PairCorr |
| 0.87 | EGLE | Eagle Bulk Shipping Earnings Call This Week | PairCorr |
| 0.82 | SB-PD | Safe Bulkers | PairCorr |
| 0.82 | NMM | Navios Maritime Partners Financial Report 28th of May 2024 | PairCorr |
| 0.8 | SB-PC | Safe Bulkers | PairCorr |
The ability to find closely correlated positions to Castor Maritime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Castor Maritime when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Castor Maritime - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Castor Maritime to buy it.
The correlation of Castor Maritime is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Castor Maritime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Castor Maritime moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Castor Maritime can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Castor Maritime Piotroski F Score and Castor Maritime Altman Z Score analysis. To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Castor Stock analysis
When running Castor Maritime's price analysis, check to measure Castor Maritime's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Castor Maritime is operating at the current time. Most of Castor Maritime's value examination focuses on studying past and present price action to predict the probability of Castor Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Castor Maritime's price. Additionally, you may evaluate how the addition of Castor Maritime to your portfolios can decrease your overall portfolio volatility.
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Is Castor Maritime's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Castor Maritime. If investors know Castor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Castor Maritime listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.69) | Earnings Share 1 | Revenue Per Share 10.189 | Quarterly Revenue Growth (0.16) | Return On Assets 0.0158 |
The market value of Castor Maritime is measured differently than its book value, which is the value of Castor that is recorded on the company's balance sheet. Investors also form their own opinion of Castor Maritime's value that differs from its market value or its book value, called intrinsic value, which is Castor Maritime's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Castor Maritime's market value can be influenced by many factors that don't directly affect Castor Maritime's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Castor Maritime's value and its price as these two are different measures arrived at by different means. Investors typically determine if Castor Maritime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Castor Maritime's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.