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Cantaloupe Inc. (NASDAQ: CTLP) Surged 22.20% In 6 Months – Here’s What Happens Next

Cantaloupe Inc. (NASDAQ:CTLP)’s traded shares stood at 0.51 million during the latest session, with the company’s beta value hitting 1.82. At the last check today, the stock’s price was $5.45, to imply a decrease of -3.88% or -$0.22 in intraday trading. The CTLP share’s 52-week high remains $7.45, putting it -36.7% down since that peak but still an impressive 49.17% since price per share fell to its 52-week low of $2.77. The company has a valuation of $424.17M, with an average of 0.41 million shares in intraday trading volume over the past 10 days and average of 515.71K shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Cantaloupe Inc. (CTLP), translating to a mean rating of 1.50. Of 4 analyst(s) looking at the stock, 0 analyst(s) give CTLP a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.04.

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Cantaloupe Inc. (NASDAQ:CTLP) trade information

After registering a -3.88% downside in the latest session, Cantaloupe Inc. (CTLP) has traded red over the past five days. The stock hit a weekly high of 5.73 this Wednesday, 03/15/23, dropping -3.88% in its intraday price action. The 5-day price performance for the stock is -5.22%, and 5.83% over 30 days. With these gigs, the year-to-date price performance is 25.29%. Short interest in Cantaloupe Inc. (NASDAQ:CTLP) saw shorts transact 0.58 million shares and set a 1.32 days time to cover.

Analysts on Wall Street suggest a consensus price target of $9.00, implying an increase of 39.44% to the stock’s recent value. The extremes give us $8.00 and $10.00 for target low and target high price respectively. As such, CTLP has been trading -83.49% off suggested target high and -46.79% from its likely low.

Cantaloupe Inc. (CTLP) estimates and forecasts

Looking at statistics comparing Cantaloupe Inc. share performance against respective industry, we note that the company has outperformed competitors. Cantaloupe Inc. (CTLP) shares are 22.20% up over the last 6 months, with its year-to-date growth rate higher than industry average at 66.67% against 13.10%. Revenue is forecast to grow 33.30% this quarter before jumping 333.30% for the next one. The rating firms project that company’s revenue will grow 19.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is $60.29 million. Meanwhile, for the quarter ending Jun 2023, a total of 3 analyst(s) estimate revenue growth to $66.39 million.Earnings reports from the last fiscal year show that sales brought in $50.3 million and $58.03 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 19.90% before jumping 14.40% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 30.40% for the past 5-year period. While 2023 is set for a 76.20% return in earnings, projections for the next 5 years are at 25.00% annually.

CTLP Dividends

Cantaloupe Inc. has its next earnings report out between May 03 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Cantaloupe Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Cantaloupe Inc. (NASDAQ:CTLP)’s Major holders

Cantaloupe Inc. insiders hold 8.15% of total outstanding shares, with institutional holders owning 75.11% of the shares at 81.77% float percentage. In total, 75.11% institutions holds shares in the company, led by Hudson Executive Capital, LP. As of Dec 30, 2022, the company held over 12.25 million shares (or 16.90% of shares), all amounting to roughly $67.84 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 3.83 million shares, or about 5.29% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $21.24 million.

We also have Vanguard Total Stock Market Index Fund and Wasatch Microcap Fund as the top two Mutual Funds with the largest holdings of the Cantaloupe Inc. (CTLP) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.66 million shares. This is just over 2.29% of the total shares, with a market valuation of $9.2 million. Data from the same date shows that the other fund manager holds a little less at 1.54 million, or 2.12% of the shares, all valued at about 8.52 million.

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