Cantaloupe Inc. (NASDAQ:CTLP) price on Friday, March 17, fall -2.00% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.40.
A look at the stock’s price movement, the close in the last trading session was $5.51, moving within a range at $5.31 and $5.55. The beta value (5-Year monthly) was 1.82. Turning to its 52-week performance, $7.45 and $2.77 were the 52-week high and 52-week low respectively. Overall, CTLP moved 2.56% over the past month.
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Cantaloupe Inc.’s market cap currently stands at around $403.97 million, with investors looking forward to this quarter’s earnings report slated for May 03, 2023 – May 08, 2023. Analysts project the company’s earnings per share (EPS) to be $0.04, which has seen fiscal year 2023 EPS growth forecast to increase to -$0.03 and about $0.11 for fiscal year 2024.
Analysts have a consensus estimate of $60.28 million for the company’s revenue for the quarter, with a low and high estimate of $58.9 million and $61.69 million respectively. The average forecast suggests up to a 19.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $244.38 million, representing a 19.10% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that CTLP is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
CTLP’s current price about -6.39% and 1.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.35, while 7-day volatility ratio is 4.60% and 5.60% in the 30-day chart. Further, Cantaloupe Inc. (CTLP) has a beta value of 1.82, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $9.00, forecast between a low of $8.00 and high of $10.00. Looking at the price targets, the low is -48.15% off current price level while to achieve the yearly target high, price needs to move -85.19%. Nonetheless, investors will most likely welcome a -66.67% jump to $9.00 which is the analysts’ median price.
In the market, a comparison of Cantaloupe Inc. (CTLP) and its peers suggest the former has performed considerably weaker. Data shows CTLP’s intraday price has changed -2.00% in last session and -22.30% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.
If we refocus on Cantaloupe Inc. (NASDAQ:CTLP), historical trading data shows that trading volumes averaged 0.47 million over the past 10 days and 520.84K over the past 3 months. The company’s latest data on shares outstanding shows there are 71.63 million shares.
The 0.20% of Cantaloupe Inc.’s shares are in the hands of company insiders while institutional holders own 75.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.45 million on Jan 12, 2023, giving us a short ratio of 0.82. The data shows that as of Jan 12, 2023 short interest in Cantaloupe Inc. (CTLP) stood at 0.63% of shares outstanding, with shares short falling to 0.54 million registered in Dec 14, 2022. Current price change has pushed the stock 24.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CTLP stock continues to rise going into the next quarter.