In the last trading session, 1.13 million Castlight Health Inc. (NYSE:CSLT) shares changed hands as the company’s beta touched 1.78. With the company’s per share price at $2.18 changed hands at $0.04 or 1.87% during last session, the market valuation stood at $362.36M. CSLT’s last price was a discount, traded about -8.26% off its 52-week high of $2.36. The share price had its 52-week low at $0.66, which suggests the last value was 69.72% up since then. When we look at Castlight Health Inc.’s average trading volume, we note the 10-day average is 1.24 million shares, with the 3-month average coming to 1.07 million.
Analysts gave the Castlight Health Inc. (CSLT) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CSLT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Castlight Health Inc.’s EPS for the current quarter is expected to be $0.
Castlight Health Inc. (NYSE:CSLT) trade information
Instantly CSLT was in green as seen at the end of in last trading. With action 1.87%, the performance over the past five days has been green. The jump to weekly highs of 2.26 on Tuesday, 06/22/21 added 1.87% to the stock’s daily price. The company’s shares are showing year-to-date upside of 67.69%, with the 5-day performance at 1.87% in the green. However, in the 30-day time frame, Castlight Health Inc. (NYSE:CSLT) is 19.78% up. Looking at the short shares, we see there were 2.23 million shares sold at short interest cover period of 2.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.00, meaning bulls need a downside of -9.0% from its current market value. According to analyst projections, CSLT’s forecast low is $1.50 with $2.50 as the target high. To hit the forecast high, the stock’s price needs a -14.68% plunge from its current level, while the stock would need to tank 31.19% for it to hit the projected low.
Castlight Health Inc. (CSLT) estimates and forecasts
Data shows that the Castlight Health Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 80.17% over the past 6 months, a -100.00% in annual growth rate that is considerably lower than the industry average of 2.80%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Castlight Health Inc. will fall -100.00%, while the growth in revenue is estimated to hit -100.00% for the next quarter. Year-over-year growth is forecast to reach -5.80% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $34.78 million. 3 analysts are of the opinion that Castlight Health Inc.’s revenue for the quarter ending Sep 2021 will be $33.99 million. The company’s revenue for the corresponding quarters a year ago was $35.5 million and $35.08 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.00%. The estimates for the next quarter sales put growth at -3.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 13.60%. The 2021 estimates are for Castlight Health Inc. earnings to decrease by -49.00%, but the outlook for the next 5-year period is at 30.00% per year.
Castlight Health Inc. is expected to release its next quarterly earnings report in July.
Castlight Health Inc. (NYSE:CSLT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.39% of Castlight Health Inc. shares while 66.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.27%. There are 66.23% institutions holding the Castlight Health Inc. stock share, with FMR, LLC the top institutional holder. As of Dec 30, 2020, the company held 13.75% of the shares, roughly 17.81 million CSLT shares worth $23.15 million.
Raging Capital Management, Llc holds the second largest percentage of outstanding shares, with 7.66% or 9.92 million shares worth $12.89 million as of Dec 30, 2020.
Among Mutual Funds, the top two as of Feb 27, 2021 were Fidelity Select Portfolios – Medical Technology & Devices Port and Fidelity Select Portfolios – Health Care. With 5.3 million shares estimated at $9.01 million under it, the former controlled 4.09% of total outstanding shares. On the other hand, Fidelity Select Portfolios – Health Care held about 3.09% of the shares, roughly 4.0 million shares worth around $6.8 million.