Castlight Health Inc. [CSLT] Stock trading around $1.15 per share: What’s Next?

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Castlight Health Inc. [NYSE: CSLT] stock went on an upward path that rose over 8.49% on Thursday, amounting to a one-week price decrease of less than -3.36%. The company report on July 28, 2020 that Castlight Health Announces Second Quarter 2020 Results.

Castlight Health, Inc. (NYSE:CSLT), a leading health benefits platform provider, today announced results for its second quarter ended June 30, 2020.

“We made meaningful headway against our strategic plan in the second quarter, delivering strong financial results, demonstrating progress toward our goal of adding an additional health plan partner, and supporting our customers with rapid innovation during COVID-19. Over the past year, we made two major strategic decisions: our focus on health plan as a key go-to-market strategy, and investment in high-tech, high-touch solutions. Our momentum in the first half of 2020 validates these decisions, and I’m confident that Castlight is strategically well positioned in the marketplace,” said Maeve O’Meara , chief executive officer of Castlight Health.

Over the last 12 months, CSLT stock dropped by -20.69%. The one-year Castlight Health Inc. stock forecast points to a potential upside of 12.21. The average equity rating for CSLT stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $179.30 million, with 150.08 million shares outstanding and 109.14 million shares in the current float. Compared to the average trading volume of 1.48M shares, CSLT stock reached a trading volume of 1005078 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Castlight Health Inc. [CSLT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CSLT shares is $1.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CSLT stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Castlight Health Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 08, 2020. While these analysts kept the previous recommendation, Canaccord Genuity dropped their target price from $4 to $1.50. The new note on the price target was released on November 20, 2019, representing the official price target for Castlight Health Inc. stock. On October 31, 2018, analysts decreased their price target for CSLT shares from 6 to 5.

The Average True Range (ATR) for Castlight Health Inc. is set at 0.10, with the Price to Sales ratio for CSLT stock in the period of the last 12 months amounting to 1.22. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 0.28.

CSLT Stock Performance Analysis:

Castlight Health Inc. [CSLT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.36. With this latest performance, CSLT shares gained by 35.61% in over the last four-week period, additionally sinking by -8.73% over the last 6 months – not to mention a drop of -20.69% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CSLT stock in for the last two-week period is set at 57.16, with the RSI for the last a single of trading hit 56.49, and the three-weeks RSI is set at 57.86 for Castlight Health Inc. [CSLT]. The present Moving Average for the last 50 days of trading for this stock 0.9320, while it was recorded at 1.1060 for the last single week of trading, and 1.0401 for the last 200 days.

Insight into Castlight Health Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Castlight Health Inc. [CSLT] shares currently have an operating margin of -28.85 and a Gross Margin at +58.78. Castlight Health Inc.’s Net Margin is presently recorded at -27.91.

Return on Total Capital for CSLT is now -21.00, given the latest momentum, and Return on Invested Capital for the company is -20.83. Return on Equity for this stock declined to -21.77, with Return on Assets sitting at -16.12. When it comes to the capital structure of this company, Castlight Health Inc. [CSLT] has a Total Debt to Total Equity ratio set at 12.14. Additionally, CSLT Total Debt to Total Capital is recorded at 10.83, with Total Debt to Total Assets ending up at 8.65. Long-Term Debt to Equity for the company is recorded at 7.65, with the Long-Term Debt to Total Capital now at 6.82.

Reflecting on the efficiency of the workforce at the company, Castlight Health Inc. [CSLT] managed to generate an average of -$86,397 per employee. Receivables Turnover for the company is 4.92 with a Total Asset Turnover recorded at a value of 0.58.Castlight Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.


With the latest financial reports released by the company, Castlight Health Inc. posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -300.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CSLT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Castlight Health Inc. go to 30.00%.

Castlight Health Inc. [CSLT] Insider Position Details

There are presently around $115 million, or 78.20% of CSLT stock, in the hands of institutional investors. The top three institutional holders of CSLT stocks are: FMR LLC with ownership of 17,169,979, which is approximately 0.396% of the company’s market cap and around 3.60% of the total institutional ownership; VENROCK MANAGEMENT V, LLC, holding 15,181,470 shares of the stock with an approximate value of $17.46 million in CSLT stocks shares; and RAGING CAPITAL MANAGEMENT, LLC, currently with $11.99 million in CSLT stock with ownership of nearly 2.446% of the company’s market capitalization.

Positions in Castlight Health Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 36 institutional holders increased their position in Castlight Health Inc. [NYSE:CSLT] by around 23,571,195 shares. Additionally, 49 investors decreased positions by around 8,443,976 shares, while 20 investors held positions by with 67,587,846 shares. The mentioned changes placed institutional holdings at 99,603,017 shares, according to the latest SEC report filing. CSLT stock had 13 new institutional investments in for a total of 20,715,427 shares, while 25 institutional investors sold positions of 1,217,170 shares during the same period.

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