In the last trading session, 4.81 million shares of the Cantaloupe Inc (NASDAQ:CTLP) were traded, and its beta was 1.11. Most recently the company’s share price was $10.99, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $802.91M. CTLP currently trades at a discount to its 52-week high of $11.36, offering almost -3.37% off that amount. The share price’s 52-week low was $5.82, which indicates that the current value has risen by an impressive 47.04% since then. We note from Cantaloupe Inc’s average daily trading volume that its 10-day average is 3.89 million shares, with the 3-month average coming to 1.02 million.
Cantaloupe Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.33. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended CTLP as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Cantaloupe Inc is expected to report earnings per share of 0.1 for the current quarter.
Cantaloupe Inc (NASDAQ:CTLP) trade information
The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.01 on recent trading dayincreased the stock’s daily price by 0.18%. The company’s shares are currently up 15.56% year-to-date, but still up 11.91% over the last five days. On the other hand, Cantaloupe Inc (NASDAQ:CTLP) is 29.45% up in the 30-day period. We can see from the shorts that 2.93 million shares have been sold at a short interest cover period of 5.2 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 0.09% from its current value. Analyst projections state that CTLP is forecast to be at a low of $11 and a high of $11.
Cantaloupe Inc (CTLP) estimates and forecasts
The year-over-year growth rate is expected to be 14.69%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 84M in revenue for the current quarter. 4 analysts expect Cantaloupe Inc to make 82.44M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 72.66M and 70.84M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.60%. Forecasts for the next quarter put sales growth at 16.39%.
Cantaloupe Inc earnings are expected to increase by 480.00% in 2025, but the outlook is positive 59.62% per year for the next five years.
CTLP Dividends
Cantaloupe Inc’s next quarterly earnings report is expected to be released on 2025-May-07.
Cantaloupe Inc (NASDAQ:CTLP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.53% of Cantaloupe Inc shares, and 76.73% of them are in the hands of institutional investors. The stock currently has a share float of 86.74%. Cantaloupe Inc stock is held by 230.0 institutions, with HUDSON EXECUTIVE CAPITAL LP being the largest institutional investor. By 2024-06-30, it held 12.7311% of the shares, which is about 9.27 million shares worth $61.19 million.
ABRAMS CAPITAL MANAGEMENT, L.P., with 9.86% or 7.18 million shares worth $47.39 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
