Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $8.53 in the prior trading day, Cantaloupe Inc (NASDAQ: CTLP) closed at $8.10, down -5.04%. In other words, the price has decreased by -$5.04 from its previous closing price. On the day, 1.36 million shares were traded.
Ratios:
Our goal is to gain a better understanding of CTLP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1556.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.23.
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 this company, The Benchmark Company on February 23, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
On October 03, 2023, Berenberg started tracking the stock assigning a Buy rating and target price of $9.
On August 17, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $10.50.B. Riley Securities initiated its Buy rating on August 17, 2023, with a $10.50 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 27 ’24 when Baird Lisa P. bought 6,000 shares for $7.42 per share. The transaction valued at 44,520 led to the insider holds 97,319 shares of the business.
Bergeron Douglas bought 234,134 shares of CTLP for $1,734,933 on Sep 27 ’24. The Director now owns 426,319 shares after completing the transaction at $7.41 per share. On Sep 30 ’24, another insider, Bergeron Douglas, who serves as the Director of the company, bought 36,000 shares for $7.41 each. As a result, the insider paid 266,760 and bolstered with 462,319 shares of the company.
Valuation Measures:
As of this moment, Cantaloupe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.56, and their Forward P/E ratio for the next fiscal year is 18.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.07 while its Price-to-Book (P/B) ratio in mrq is 3.11.
Stock Price History:
Over the past 52 weeks, CTLP has reached a high of $11.36, while it has fallen to a 52-week low of $5.74. The 50-Day Moving Average of the stock is -12.41%, while the 200-Day Moving Average is calculated to be -0.26%.
Shares Statistics:
A total of 73.03M shares are outstanding, with a floating share count of 65.45M. Insiders hold about 10.39% of the company’s shares, while institutions hold 76.84% stake in the company.
Earnings Estimates
At present, 2.0 analysts are actively evaluating the performance of Cantaloupe Inc (CTLP) in the stock market.The consensus estimate for the next quarter is $0.12, with high estimates of $0.14 and low estimates of $0.11.
Analysts are recommending an EPS of between $0.38 and $0.33 for the fiscal current year, implying an average EPS of $0.35. EPS for the following year is $0.51, with 2.0 analysts recommending between $0.54 and $0.49.
Revenue Estimates
6 analysts predict $79.83M in revenue for the current quarter. It ranges from a high estimate of $82.3M to a low estimate of $77.86M. As of the current estimate, Cantaloupe Inc’s year-ago sales were $67.9MFor the next quarter, 6 analysts are estimating revenue of $86.33M. There is a high estimate of $88.5M for the next quarter, whereas the lowest estimate is $84.75M.
A total of 6 analysts have provided revenue estimates for CTLP’s current fiscal year. The highest revenue estimate was $315.4M, while the lowest revenue estimate was $308.2M, resulting in an average revenue estimate of $310.73M. In the same quarter a year ago, actual revenue was $268.6MBased on 6 analysts’ estimates, the company’s revenue will be $359.04M in the next fiscal year. The high estimate is $367.6M and the low estimate is $347.65M.
