Investors Should Take Note Of Casa Systems Inc (CASA)

Casa Systems Inc (CASA) concluded trading on Wednesday at a closing price of $0.05, with 58.77 million shares of worth about $2.94 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -92.90% during that period and on April 3, 2024 the price saw a loss of about -78.64%. Currently the company’s common shares owned by public are about 99.11M shares, out of which, 36.94M shares are available for trading.

Stock saw a price change of -81.85% in past 5 days and over the past one month there was a price change of -86.90%. Year-to-date (YTD), CASA shares are showing a performance of -89.62% which decreased to -95.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.24 but also hit the highest price of $1.42 during that period. The average intraday trading volume for Casa Systems Inc shares is 290.97K. The stock is currently trading -83.19% below its 20-day simple moving average (SMA20), while that difference is down -83.44% for SMA50 and it goes to -91.59% lower than SMA200.

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Casa Systems Inc (NASDAQ: CASA) currently have 99.11M outstanding shares and institutions hold larger chunk of about 14.06% of that.

The stock has a current market capitalization of $5.45M and its 3Y-monthly beta is at 1.24. It has posted earnings per share of -$1.11 in the same period. It has Quick Ratio of 0.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CASA, volatility over the week remained 15.99% while standing at 12.55% over the month.

Analysts are in expectations that Casa Systems Inc (CASA) stock would likely to be making an EPS of -$0.12 in the current quarter, while forecast for next quarter EPS is -$0.08 and it is -$0.2 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.12 which is -$0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.05 in the same quarter a year ago.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on January 17, 2023 offering an Outperform rating for the stock and assigned a target price range of between $4 and $5 to it. On August 08, 2022, Northland Capital Downgrade their recommendations, while on April 19, 2022, Northland Capital Upgrade their ratings for the stock with a price target of $10. Stock get an Outperform rating from Macquarie on January 21, 2022.

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