Cantaloupe Inc [CTLP] stock prices are up 6.23% to $7.16 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CTLP shares have gain 12.76% over the last week, with a monthly amount glided 5.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cantaloupe Inc [NASDAQ: CTLP] stock has seen the most recent analyst activity on February 23, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $10. Previously, Berenberg started tracking the stock with Buy rating on October 03, 2023, and set its price target to $9. On August 17, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $10.50 on the stock.
The stock price of Cantaloupe Inc [CTLP] has been fluctuating between $5.74 and $7.91 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Cantaloupe Inc [NASDAQ: CTLP] shares were valued at $7.16 at the most recent close of the market. An investor can expect a potential return of 53.63% based on the average CTLP price forecast.
Analyzing the CTLP fundamentals
The Cantaloupe Inc [NASDAQ:CTLP] reported sales of 268.60M for trailing twelve months, representing a surge of 13.22%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
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 6.85 points at the first support level, and at 6.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.33, and for the 2nd resistance point, it is at 7.49.
Ratios To Look Out For
It’s worth pointing out that Cantaloupe Inc [NASDAQ:CTLP]’s Current Ratio is 1.48. Also, the Quick Ratio is 1.10, while the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 2.87 and price to earnings (TTM) ratio is 46.46.
Transactions by insiders
Recent insider trading involved Venkatesan Ravi, Chief Executive Officer, that happened on Sep 13 ’24 when 8000.0 shares were purchased. Director, Baird Lisa P. completed a deal on Feb 13 ’24 to buy 3000.0 shares. Meanwhile, Chief Executive Officer Venkatesan Ravi bought 7749.0 shares on Feb 12 ’24.
