Casper Sleep Inc. [NYSE: CSPR] surged by $1.65 during the normal trading session on Tuesday and reaching a high of $12.00 during the day while it closed the day at $11.84. The company report on May 26, 2021 that Casper to Participate in Upcoming June Investor Conferences.
Casper Sleep Inc. (“Casper”) (NYSE: CSPR), the award-winning sleep company, announced that Chief Executive Officer, Philip Krim, along with Chief Financial Officer, Michael Monahan, will be virtually participating in the following investor conferences in June 2021:.
Piper Sandler 41st Annual Consumer Marketplace ConferenceDate: June 3, 2021.
Casper Sleep Inc. stock has also gained 28.56% of its value over the past 7 days. However, CSPR stock has inclined by 49.49% in the 3 months of the year. Over the past six months meanwhile, it has gained 77.51% and gained 92.52% year-on date.
The market cap for CSPR stock reached $489.11 million, with 40.81 million shares outstanding and 34.31 million shares in the current float. Compared to the average trading volume of 977.75K shares, CSPR reached a trading volume of 2699722 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Casper Sleep Inc. [CSPR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CSPR shares is $11.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CSPR stock is a recommendation set at 2.00. 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.
Wedbush have made an estimate for Casper Sleep Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 26, 2021. While these analysts kept the previous recommendation, Goldman raised their target price from $11 to $8. The new note on the price target was released on November 17, 2020, representing the official price target for Casper Sleep Inc. stock. Previously, the target price had yet another raise to $5.50, while BofA Securities analysts kept a Underperform rating on CSPR stock.
The Average True Range (ATR) for Casper Sleep Inc. is set at 0.65, with the Price to Sales ratio for CSPR stock in the period of the last 12 months amounting to 0.96. The Price to Book ratio for the last quarter was 59.20, with the Price to Cash per share for the same quarter was set at 1.49.
CSPR stock trade performance evaluation
Casper Sleep Inc. [CSPR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.56. With this latest performance, CSPR shares gained by 41.80% in over the last four-week period, additionally plugging by 77.51% over the last 6 months – not to mention a rise of 22.44% 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 CSPR stock in for the last two-week period is set at 77.72, with the RSI for the last a single of trading hit 83.36, and the three-weeks RSI is set at 73.14 for Casper Sleep Inc. [CSPR]. The present Moving Average for the last 50 days of trading for this stock 8.54, while it was recorded at 10.24 for the last single week of trading, and 7.85 for the last 200 days.
Casper Sleep Inc. [CSPR]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Casper Sleep Inc. [CSPR] shares currently have an operating margin of -14.99 and a Gross Margin at +48.17. Casper Sleep Inc.’s Net Margin is presently recorded at -18.02.
Return on Total Capital for CSPR is now -88.20, given the latest momentum, and Return on Invested Capital for the company is -117.02. When it comes to the capital structure of this company, Casper Sleep Inc. [CSPR] has a Total Debt to Total Equity ratio set at 257.38. Additionally, CSPR Total Debt to Total Capital is recorded at 72.02, with Total Debt to Total Assets ending up at 27.99. Long-Term Debt to Equity for the company is recorded at 257.38, with the Long-Term Debt to Total Capital now at 72.02.
Reflecting on the efficiency of the workforce at the company, Casper Sleep Inc. [CSPR] managed to generate an average of -$202,613 per employee. Receivables Turnover for the company is 15.57 with a Total Asset Turnover recorded at a value of 2.14.Casper Sleep Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.20.
Earnings per share (EPS) analysis for Casper Sleep Inc. [CSPR] stock
With the latest financial reports released by the company, Casper Sleep Inc. posted -0.51/share EPS, while the average EPS was predicted by analysts to be reported at -0.76/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 32.90%. 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 CSPR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Casper Sleep Inc. go to 17.80%.
Casper Sleep Inc. [CSPR]: Insider Ownership positions
There are presently around $262 million, or 54.60% of CSPR stock, in the hands of institutional investors. The top three institutional holders of CSPR stocks are: NEA MANAGEMENT COMPANY, LLC with ownership of 6,226,130, which is approximately 0% of the company’s market cap and around 9.60% of the total institutional ownership; INSTITUTIONAL VENTURE MANAGEMENT XV, LLC, holding 2,415,973 shares of the stock with an approximate value of $28.61 million in CSPR stocks shares; and BLACKROCK INC., currently with $25.51 million in CSPR stock with ownership of nearly -18.074% of the company’s market capitalization.
Positions in Casper Sleep Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 48 institutional holders increased their position in Casper Sleep Inc. [NYSE:CSPR] by around 4,615,972 shares. Additionally, 26 investors decreased positions by around 1,792,292 shares, while 14 investors held positions by with 15,737,529 shares. The mentioned changes placed institutional holdings at 22,145,793 shares, according to the latest SEC report filing. CSPR stock had 26 new institutional investments in for a total of 1,935,907 shares, while 7 institutional investors sold positions of 328,753 shares during the same period.