Cantaloupe Inc (NASDAQ:CTLP) shares, rose in value on Friday, March 07, with the stock price down by -0.43% to the previous day’s close as strong demand from buyers drove the stock to $9.16.
Actively observing the price movement in the last trading, the stock closed the session at $9.20. The PE ratio was 45.87 over 12-month period. Referring to stock’s 52-week performance, its high was $11.36, and the low was $5.74. On the whole, CTLP has fluctuated by 6.02% over the past month.
With the market capitalization of Cantaloupe Inc currently standing at about $669.00 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 310.73M, with a low estimate of 77.86M and a high estimate of 82.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 79.83M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CTLP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.96, with the price of CTLP currently trading nearly -10.39% and -1.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.96, while the 7-day volatility ratio is showing 3.69% which for the 30-day chart, stands at 5.24%. Furthermore, Cantaloupe Inc (CTLP)’s beta value is 1.40, and its average true range (ATR) is 0.45.
A comparison of Cantaloupe Inc (CTLP) with its peers suggests the former has fared considerably weaker in the market. CTLP showed an intraday change of -0.43% in last session, and over the past year, it grew by 46.56%%.
Data on historical trading for Cantaloupe Inc (NASDAQ:CTLP) indicates that the trading volumes over the past 3 months, they’ve averaged 431.85K. According to company’s latest data on outstanding shares, there are 73.03 million shares outstanding.
Nearly 10.39% of Cantaloupe Inc’s shares belong to company insiders and institutional investors own 76.86% of the company’s shares. The stock has fallen by -3.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CTLP stock heading into the next quarter.
