Castlight Health Inc. (NYSE:CSLT) has a beta value of 1.76 and has seen 3,152,700 shares traded in the last trading session. The company, currently valued at $312.59 Million, closed the last trade at $1.9 per share which meant it gained $0.15 on the day or 8.57% during that session. The CSLT stock price is -24.21% off its 52-week high price of $2.36 and 67.89% above the 52-week low of $0.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 779.02 Million shares traded. The 3-month trading volume is 1.39 Million shares.
The consensus among analysts is that Castlight Health Inc. (CSLT) is a Hold stock at the moment, with a recommendation rating of 2.5. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 4 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
Castlight Health Inc. (NYSE:CSLT) trade information
Sporting 8.57% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 30 when the CSLT stock price touched $1.93 or saw a rise of 1.55%. Year-to-date, Castlight Health Inc. shares have moved 46.15%, while the 5-day performance has seen it change 23.38%. Over the past 30 days, the shares of Castlight Health Inc. (NYSE:CSLT) have changed 30.14%. Short interest in the company has seen 2.23 Million shares shorted with days to cover at 1.6.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could jump 5.26% from current levels. The projected low price target is $1.5 while the price target rests at a high of $2.5. In that case, then, we find that the current price level is +31.58% off the targeted high while a plunge would see the stock lose -21.05% from current levels.
Castlight Health Inc. (CSLT) estimates and forecasts
Figures show that Castlight Health Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +101.7% over the past 6 months, with this year growth rate of -160%, compared to -0.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -100% and -100% for the next quarter. Revenue growth from the last financial year stood is estimated to be -5.8%.
3 analysts offering their estimates for the company have set an average revenue estimate of $34.78 Million for the current quarter. 3 have an estimated revenue figure of $33.99 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $35.5 Million and $35.08 Million respectively for this quarter and the next, and analysts expect sales will grow by -2% for the current quarter and -3.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +13.6% over the past 5 years. Earnings growth for 2021 is a modest -49% while over the next 5 years, the company’s earnings are expected to increase by 30%.
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Castlight Health Inc. (NYSE:CSLT)’s Major holders
Insiders own 4.39% of the company shares, while shares held by institutions stand at 66.23% with a share float percentage of 69.27%. Investors are also buoyed by the number of investors in a company, with Castlight Health Inc. having a total of 104 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 17.81 Million shares worth more than $23.15 Million. As of December 30, 2020, FMR, LLC held 13.75% of shares outstanding.
The other major institutional holder is Raging Capital Management, Llc, with the holding of over 9.92 Million shares as of December 30, 2020. The firm’s total holdings are worth over $12.89 Million and represent 7.66% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Select Portfolios – Medical Technology & Devices Port and Fidelity Select Portfolios – Health Care. As of February 27, 2021, the former fund manager holds about 4.09% shares in the company for having 5300000 shares of worth $9.01 Million while later fund manager owns 4Million shares of worth $6.8 Million as of February 27, 2021, which makes it owner of about 3.09% of company’s outstanding stock.