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Buy, Sell Or Hold Casa Systems Inc (NASDAQ:CASA) At $0.30?

In last trading session, Casa Systems Inc (NASDAQ:CASA) saw 0.25 million shares changing hands with its beta currently measuring 1.25. Company’s recent per share price level of $0.30 trading at $0.0 or 0.84% at ring of the bell on the day assigns it a market valuation of $29.71M. That closing price of CASA’s stock is at a discount of -1223.33% from its 52-week high price of $3.97 and is indicating a premium of 20.0% from its 52-week low price of $0.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.19 million shares which gives us an average trading volume of 196.24K if we extend that period to 3-months.

Casa Systems Inc (NASDAQ:CASA) trade information

Upright in the green during last session for gaining 0.84%, in the last five days CASA remained trading in the red while hitting it’s week-highest on Wednesday, 02/07/24 when the stock touched $0.30 price level, adding 14.29% to its value on the day. Casa Systems Inc’s shares saw a change of -43.43% in year-to-date performance and have moved -8.35% in past 5-day. Casa Systems Inc (NASDAQ:CASA) showed a performance of -27.58% in past 30-days. Number of shares sold short was 0.11 million shares which calculate 0.5 days to cover the short interests.

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Casa Systems Inc (CASA) estimates and forecasts

Statistics highlight that Casa Systems Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -62.52% of value to its shares in past 6 months, showing an annual growth rate of -18.31% while that of industry is -6.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -340.00% in the current quarter and calculating 69.20% increase in the next quarter. This year revenue growth is estimated to fall -25.00% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $49.6 million for the same. And 1 analysts are in estimates of company making revenue of $45 million in the next quarter that will end on Mar 2024. Company posted $84.4 million and $45.3 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -41.20% while estimating it to be -0.70% for the next quarter.

In 2024, company’s earnings growth rate is likely to be around -18.31% while estimates for its earnings growth in next 5 years are of 10.00%.

CASA Dividends

Casa Systems Inc is more likely to be releasing its next quarterly report between March 12 and March 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Casa Systems Inc (NASDAQ:CASA)’s Major holders

Insiders are in possession of 22.00% of company’s total shares while institution are holding 60.73 percent of that, with stock having share float percentage of 77.86%. Investors also watch the number of corporate investors in a company very closely, which is 60.73% institutions for Casa Systems Inc that are currently holding shares of the company. Summit Partners, L.P. is the top institutional holder at CASA for having 34.12 million shares of worth $41.63 million. And as of Jun 29, 2023, it was holding 35.12% of the company’s outstanding shares.

The second largest institutional holder is Alliancebernstein L.P., which was holding about 4.1 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.22% of outstanding shares, having a total worth of $5.0 million.

On the other hand, Columbia Fds Ser Tr I-Columbia Small Cap Value Fd I and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jul 30, 2023, the former fund manager was holding 1.47 million shares of worth $1.66 million or 1.51% of the total outstanding shares. The later fund manager was in possession of 0.96 million shares on Jun 29, 2023, making its stake of worth around $1.17 million in the company or a holder of 0.99% of company’s stock.

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