On Jan. 07, Cohen Seth B. divested U.S. $2,339 in shares of Castlight Health Inc.. The Dir sold 1,613 shares at a price per share of $1.45. The transaction decreased this specific insider’s holdings to 371,148 shares worth around $0.6 million at present.
Wells Fargo took its Castlight Health Inc. [CSLT] rating to the equivalent of an Underweight from an Equal weight,in a research note dated January 08, 2020. Other analysts also revised their coverage, with Wells Fargo’s analysts downgrading the shares from “an Equal weight” rating to “an Underweight” rating in a research note to investors issued in early January. Meanwhile, Canaccord Genuity had lowered its rating on CSLT to “Hold” from the earlier “Buy”, in a research note produced for clients November 20, 2019. In addition, there was a downgrade from Cantor Fitzgerald on July 31, 2019. The rater changed CSLT from “an Overweight” to “a Neutral”.
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Is Castlight Health Inc. [NYSE:CSLT] a Good Buy Right Now?
It should be noted that CSLT technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 88% Buy in the past month. Data from Castlight Health Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.65 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.6 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.5 million shares.
CSLT Price Performance
On Wall Street, Castlight Health Inc. [NYSE:CSLT] finished Friday’s session up 0.62% at $1.62. The stock went up to $1.74 at the same session while its lowest single day price was $1.60. In the last five days, it saw a rise of about 24.62%, Castlight Health Inc. shares gained by almost 24.62% since the beginning of the year. However, the share price has dropped to as low as -8.99% below its one year high. On 01/07/21, the company shares recorded $1.7800, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $1.1800. The company’s shares have inclined by 27.56% in the past year. The 50-day SMA achieved is $1.2030 while the 200-day SMA is $0.9973. Volume dropped to 0.83 million from 1.68 million in the previous session.
CSLT Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 1.5667 level, and in case of violation of this particular level, it will cause more drop to 1.5133 level. On the upper level, 1.7933 is still the key resistance. The stock may increase to the subsequent resistance at 1.7067. The Relative Strength Index (RSI) pinned on the 14-day chart is 71.26, implying a overbought technical stance while the MACD stands at 0.1900, meaning price will decrease in the next trading period. Percent R indicator moved to 26.67%, implying bullish price movement. Stochastic %K at 70.28% suggest holding the stock.
What is the short interest in Castlight Health Inc.?
Short interest in the Castlight Health Inc. stock has plunged, decreasing by 10000.0 shares to total 1.63 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.62 million, data from Yahoo Finance shows. The increase of 0.61% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.77% of the overall float for the stock.
Castlight Health Inc.’s Biggest Shareholders: Who Owns Castlight Health Inc. [CSLT]?
Filings by Fidelity Management & Research Co showed that the firm now holds a total of 17,149,666 shares or roughly 14.44% of the outstanding CSLT shares. This means their shares have increased by 166,487 from the 17,149,666 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Raging Capital Management LLC updated stake is worth $12,704,230. Details in the latest 13F filings reveal that Whetstone Capital Advisors LLC acquired their 60.21% stake valued at $6,393,391 while The Vanguard Group, Inc. cut theirs at $5,683,419. During the last quarter, Whetstone Capital Advisors LLC raised 1,906,856 of its shares in Castlight Health Inc. while The Vanguard Group, Inc. sold -132,541 shares. The Gagnon Securities LLC’s holdings currently number 3,034,926 shares at $4916580.12. According to the firm’s last 13F report, Renaissance Technologies LLC shares in the company at filing stood at 2,517,204 shares, roughly $3,171,677.
CSLT Earnings Forecast For The Current Quarter
Castlight Health Inc. [CSLT] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $32.13M and an earnings per share of $0 for Dec 2020. Looking further ahead, the company is expected to report revenue of $31.3M at an EPS of -$0.01 for Mar 2021. The estimates represent downside of -7.50% and -150.00% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
CSLT Earnings Estimates For The Current Year
For the financial year, Castlight Health Inc. [NYSE:CSLT] is expected to bring in revenue of $141.73M. The returns are nearly $-1.58 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.02, higher than that of FY19 by $0.16. Estimates put this year’s earnings growth at 114.30%, -150.00% for the next, and at an annual 30.00% over the next 5-year period. As for sales, forecasts are for a decrease of -1.10% in the current fiscal year and a further -7.50% over the following year.
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What are analyst thoughts on Castlight Health Inc.?
Looking forward to the Castlight Health Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Castlight Health Inc. stock at $1.00 within the next 12 months, which represents almost -62.0 per cent growth from its previous closing price of $1.62. The highest analysts’ target for Castlight Health Inc. stock projections is $2.00 and the lowest one is $1.00. Still, 6 analysts sharing their consensus rating for CSLT stock in 2021 agree that it is a Hold.
