Castlight Health, Inc. (NYSE:CSLT) traded at $1.06 at last check on Tuesday, Aug 11, making a downturn move of -4.5% on its previous day’s price.
Looking at the stock we see that its previous close was $1.11 and the beta (5Y monthly) reads 1.56 with the day’s price range being $1.0500 – 1.1500. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, CSLT has a high of $1.79 and a low of $0.6. The company’s stock has gained about 19.1% over that past 30 days.
Castlight has a market cap of $165.26 Million and is expected to release its quarterly earnings report on Oct 22, 2020- Oct 26, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the CSLT stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.04, with the EPS growth for the year raised at -$0.1 for 2020 and -$0.08 for next year. These figures represent -0.29% and at -0.2% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $30.12 Million, with a low of $28.3 Million and a high of $31.9 Million. The median projection represents growth adding up to -15.1% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $133.22 Million, or -7% down from figures reported last year.
On the other hand, looking at the outlook for the CSLT stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 6 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Castlight Health, Inc. (CSLT) stock as a Hold, while 2 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CSLT stock currently stands at 0, and the current price level is -0.99% off its SMA20 and 16.16% from its 50-day simple moving average. The RSI (14) is pointing at 51.08 while the volatility over the past week is 10.29% and jumps to 12.05% over the past one month. The beta value is 1.56, while the average true range (ATR) is currently pointing at 0.1. The average price target for the stock over the next 12 months is $1.31, with the estimates having a low of $1 and a high of $2. These price ends are -5.66% and +88.68% off the current price level respectively, although investors could be excited at the prospect of a +17.92% if the CSLT share price touches on the median price of $1.25.
Let’s briefly compare Castlight (CSLT) stock to its peers. We find that today’s price change of -4.5% and -27.4% over the past 12 months for CSLT competes that of Paypal Holdings (PYPL), which has seen its stock price fall -2.22% in the latest trading session and is +84.02% over the last one year. Another of its peers Zoom Video Communications Cl A (ZM) has dropped -7.58% today, and is +150.69% up over the past year, while Square (SQ) is also down -4.5% yet its price remains in the red at -27.4% over the same period. Paypal has a P/E ratio of 86.75 compared to Castlight’s 0 and Zoom’s 1276.46. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.8% and -0.38%, respectively, in early deals.
Coming back to Castlight Health, Inc. (NYSE:CSLT), we note that the average 3-month trading volume was 1.46 Million, while that of the preceding 10-day period stands at 1.83 Million. Current shares outstanding are 115.6 Million.
According to data from Thomson Reuters, insiders hold 3.89% of the company’s shares while institutions hold 79.49%. The data shows that short shares as of July 14, 2020, stood at 2.01 Million at a short ratio of 1.77. This represents a 1.34% Short interest in Shares outstanding on July 14, 2020. Shares short dropped in July from the previous month at 3.94 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -20.3% down in year-to-date price movement.