Casa Systems Inc (NASDAQ: CASA) closed the day trading at $0.05 down -78.64% from the previous closing price of $0.26. In other words, the price has decreased by -$0.2025 from its previous closing price. On the day, 58769962 shares were traded. CASA stock price reached its highest trading level at $0.0650 during the session, while it also had its lowest trading level at $0.0455.
Ratios:
For a better understanding of CASA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 1.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Northland Capital on January 17, 2023, Upgraded its rating to Outperform and sets its target price to $5 from $4 previously.
Northland Capital Downgraded its Outperform to Market Perform on August 08, 2022, whereas the target price for the stock was revised from $6 to $4.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CASA now has a Market Capitalization of 25.78M and an Enterprise Value of 163.20M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.02. Its current Enterprise Value per Revenue stands at 0.65 whereas that against EBITDA is -2.31.
Stock Price History:
Over the past 52 weeks, CASA has reached a high of $1.42, while it has fallen to a 52-week low of $0.24. The 50-Day Moving Average of the stock is 0.3251, while the 200-Day Moving Average is calculated to be 0.6493.
Shares Statistics:
Over the past 3-months, CASA traded about 290.97K shares per day on average, while over the past 10 days, CASA traded about 6.46M shares per day. A total of 99.11M shares are outstanding, with a floating share count of 36.94M. Insiders hold about 62.73% of the company’s shares, while institutions hold 14.06% stake in the company. Shares short for CASA as of Mar 15, 2024 were 464.84k with a Short Ratio of 1.60, compared to 307.14k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.47% and a Short% of Float of 1.05%.
Earnings Estimates
Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.12, while EPS last year was $0.05. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.08 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.84 and -$0.84 for the fiscal current year, implying an average EPS of -$0.84. EPS for the following year is -$0.2, with 1 analysts recommending between -$0.2 and -$0.2.
Revenue Estimates
1 analysts predict $49.6M in revenue for the current quarter. It ranges from a high estimate of $49.6M to a low estimate of $49.6M. As of the current estimate, Casa Systems Inc’s year-ago sales were $84.4M, an estimated decrease of -41.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $45M, a decrease of -0.70% over than the figure of -$41.20% in the same quarter last year. There is a high estimate of $45M for the next quarter, whereas the lowest estimate is $45M.
A total of 1 analysts have provided revenue estimates for CASA’s current fiscal year. The highest revenue estimate was $215M, while the lowest revenue estimate was $215M, resulting in an average revenue estimate of $215M. In the same quarter a year ago, actual revenue was $286.54M, down -25.00% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $210M in the next fiscal year. The high estimate is $210M and the low estimate is $210M. The average revenue growth estimate for next year is down -2.30% from the average revenue estimate for this year.
