At the time of writing, Casa Systems Inc [CASA] stock is trading at $0.40, up 9.29%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CASA shares have gain 43.88% over the last week, with a monthly amount glided 3.68%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Casa Systems Inc [NASDAQ: CASA] stock has seen the most recent analyst activity on January 17, 2023, when Northland Capital upgraded its rating to a Outperform and also boosted its price target to $5 from $4. Previously, Barclays downgraded its rating to Equal Weight on November 04, 2022. On August 08, 2022, downgrade downgraded it’s rating to Market Perform and revised its price target to $4 on the stock. Northland Capital upgraded its rating to a Outperform and increased its price target to $10 on April 19, 2022. Macquarie initiated its recommendation with a Outperform and recommended $8 as its price target on January 21, 2022. Northland Capital downgraded its rating to Market Perform for this stock on November 22, 2021, and downed its price target to $7. In a note dated May 12, 2021, Raymond James upgraded an Mkt Perform rating on this stock.
For the past year, the stock price of Casa Systems Inc fluctuated between $0.24 and $3.85. Currently, Wall Street analysts expect the stock to reach $9.5 within the next 12 months. Casa Systems Inc [NASDAQ: CASA] shares were valued at $0.40 at the most recent close of the market. An investor can expect a potential return of 2275.0% based on the average CASA price forecast.
Analyzing the CASA fundamentals
According to Casa Systems Inc [NASDAQ:CASA], the company’s sales were 249.79M for trailing twelve months, which represents an -7.19% plunge. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at -0.25%, Pretax Profit Margin comes in at -0.44%, and Net Profit Margin reading is -0.43%. To continue investigating profitability, this company’s Return on Assets is posted at -0.41, Equity is 27.0 and Total Capital is -0.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.3733 points at the first support level, and at 0.3467 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4233, and for the 2nd resistance point, it is at 0.4467.
Casa Systems Inc [CASA] reported earnings per share of -$0.2 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.01/share, meaning a difference of -$0.21 and a surprise factor of -2,100.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.26 per share as compared to estimates of -$0.11 per share, a difference of -$0.15 representing a surprise of -136.40%.
Ratios To Look Out For
It is important to note that Casa Systems Inc [NASDAQ:CASA] has a current ratio of 1.48. Also, the Quick Ratio is 0.81, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 0.16.
