How to Buy Cantaloupe Stock

Step 1: Figure out where to buy Cantaloupe stock

You need a brokerage account in order to access the NASDAQ market and buy CTLP stock.

Step 2: Create your brokerage account

Now that you've selected the best brokerage, the next step is to fill out some personal details so you are able to buy CTLP stock today.

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1. Click here to get started.
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2. Input your personal info to open a new trading account.

3. Submit your info by clicking the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you've opened your account on stock apps to use, you need to deposit funds:

Check out the video below for more details depositing money into your investment account.

Step 4: Research Cantaloupe stock

Once you have identified the best place to buy Cantaloupe stock, it's absolutely critical to analyze their stock before you buy, so you actually wrap your head around the risk as well as the opportunity.

Overview of key CTLP info

CTLP Due Diligence Checks

WallStreetZen was built to help everyday investors perform better fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on CTLP's stock page.

Is CTLP stock undervalued or overvalued?

You can use many financial metrics, analyses, models, and charts to gauge CTLP's fair value.

Using relative valuations ratios:

• CTLP could be overvalued based on its P/E ratio of 37.65x, relative to Information Technology Services industry P/E ratio of 26.95x
• CTLP could be undervalued based on its P/B ratio of 2.89x, relative to Information Technology Services industry P/B ratio of 4.68x
• CTLP may be undervalued based on its PEG ratio of 0.81x

You can do more valuation analysis on CTLP's stock here.

CTLP Financial Health Overview

Signs that CTLP is financially healthy:

• CTLP's operating cash flow of $17.48M allows it to safely service it's debt of $37.01M.
• There are more short-term assets than short-term liabilities on the CTLP balance sheet.
• Total CTLP debt is lower than 5 years ago, relative to shareholder equity.
• There are more short-term assets than long-term liabilities on the CTLP balance sheet.

Signs that CTLP is not financially healthy:

• CTLP profit margin has gone down from 5.7% to 5.2% in the past year.
• CTLP has a relatively high debt to equity ratio of 0.58.
• CTLP earnings of $21.72M is not sufficient to cover its interest payments.

Is CTLP stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 3 Wall Street analysts who research CTLP, the consensus analyst rating on CTLP is a Strong Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the Cantaloupe stock forecast page.

CTLP Momentum

CTLP Growth Numbers

Last year, CTLP earnings were $14.83M. In the last one years, CTLP's earnings have gone up by 5.26% per year. This was slower than the Information Technology Services industry average of 8.74%.

Last year, CTLP revenue was $285.11M. Over the past 5 year, CTLP's revenue has grown by 11.75% per year. This was faster than the Information Technology Services industry average of 5.88%.

Learn more about CTLP's earnings and revenue performance here.

What are CTLP executives and large shareholders up to?

Over the last 12 months, insiders at CTLP have bought more shares than they have sold.

Douglas Bergeron, Director of CTLP, was the latest CTLP insider to buy. They bought $266,760.00 worth of CTLP shares on Sep 30, 2024.

Get more info about who owns CTLP stock here.

Does CTLP stock generate passive income?

No, Cantaloupe doesn't provide an income stream by paying out dividends.

What do other investors have to say about CTLP?

One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Execute your CTLP trade

You have two main options:

• Market order: A market order is an order to buy or sell a stock at the best possible price.
  Market orders are mostly the best for newer investors.
• Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
  If you want to ensure you're buying or selling at a specific price limit, use a limit order.

Click the Open Trade button and your broker will execute the order.

If you want more assistance buying stocks on eToro, watch the helpful video below:

Step 6: Get updates on your investment in CTLP

Now that you own some CTLP shares, you'll want to keep up with your new shares.

Put CTLP on a watchlist to keep tabs on your CTLP stock.

How to Buy Stock in Cantaloupe

To summarize, here are the 6 steps to buy Cantaloupe stock:

1. Figure out where to buy Cantaloupe stock
2. Create your brokerage account
3. Fund your brokerage account
4. Research Cantaloupe stock
5. Execute your CTLP trade
6. Get updates on your investment in CTLP

If you are looking for a place to buy stocks, eToro is our favorite option.

If you would like to keep track of your investment in Cantaloupe, add CTLP to your watchlist by clicking the button below.

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