Castlight Health Inc. [CSLT] Stock trading around $1.34 per share: What’s Next?

Castlight Health Inc. [NYSE: CSLT] traded at a high on 08/27/20, posting a 7.20 gain after which it closed the day’ session at $1.34.

The results of the trading session contributed to over 1959573 shares changing hands. Over the past one week, the price volatility of Castlight Health Inc. stands at 7.67% while the volatility over the past one month is 7.99%.

The market cap for CSLT stock reached $198.68 million, with 150.08 million shares outstanding and 109.14 million shares in the current float. Compared to the average trading volume of 1.36M shares, CSLT reached a trading volume of 1959573 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 0.11, with the Price to Sales ratio for CSLT stock in the period of the last 12 months amounting to 1.36. The Price to Book ratio for the last quarter was 1.70, with the Price to Cash per share for the same quarter was set at 0.30.

How has CSLT stock performed recently?

Castlight Health Inc. [CSLT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.20. With this latest performance, CSLT shares gained by 21.82% in over the last four-week period, additionally plugging by 47.85% over the last 6 months – not to mention a drop of -4.96% 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 65.96, with the RSI for the last a single of trading hit 68.91, and the three-weeks RSI is set at 63.98 for Castlight Health Inc. [CSLT]. The present Moving Average for the last 50 days of trading for this stock 1.0100, while it was recorded at 1.2520 for the last single week of trading, and 1.0254 for the last 200 days.

Castlight Health Inc. [CSLT]: Deeper insight into the 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.

Earnings analysis for Castlight Health Inc. [CSLT]

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%.

Insider trade positions for Castlight Health Inc. [CSLT]

There are presently around $123 million, or 88.00% 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 3.20% of the total institutional ownership; VENROCK MANAGEMENT V, LLC, holding 15,181,470 shares of the stock with an approximate value of $20.34 million in CSLT stocks shares; and RAGING CAPITAL MANAGEMENT, LLC, currently with $13.97 million in CSLT stock with ownership of nearly 0% 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 39 institutional holders increased their position in Castlight Health Inc. [NYSE:CSLT] by around 25,479,203 shares. Additionally, 50 investors decreased positions by around 13,808,471 shares, while 18 investors held positions by with 52,393,483 shares. The mentioned changes placed institutional holdings at 91,681,157 shares, according to the latest SEC report filing. CSLT stock had 20 new institutional investments in for a total of 23,038,185 shares, while 26 institutional investors sold positions of 2,065,488 shares during the same period.

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