compared to its average ratio and a 36-month beta value of 1.17.
The public float for CASA is 40.65M, and currently, short sellers hold a 5.68% ratio of that float. The average trading volume of CASA on March 15, 2023 was 203.61K shares.
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CASA) stock’s latest price update
Casa Systems Inc. (NASDAQ: CASA)’s stock price has decreased by -39.01 compared to its previous closing price of 3.49. Nevertheless, the company has seen a -41.68% plunge in its stock price over the last five trading sessions.
CASA’s Market Performance
Casa Systems Inc. (CASA) has experienced a -41.68% fall in stock performance for the past week, with a -43.99% drop in the past month, and a -23.71% drop in the past quarter. The volatility ratio for the week is 6.08%, and the volatility levels for the past 30 days are at 5.29% for CASA. The simple moving average for the last 20 days is -41.80% for CASA stock, with a simple moving average of -40.05% for the last 200 days.
Analysts’ Opinion of CASA
Many brokerage firms have already submitted their reports for CASA stocks, with Northland Capital repeating the rating for CASA by listing it as a “Outperform.” The predicted price for CASA in the upcoming period, according to Northland Capital is $5 based on the research report published on January 17th of the current year 2023.
Northland Capital gave a rating of “Market Perform” to CASA, setting the target price at $4 in the report published on August 08th of the previous year.
CASA Trading at -39.28% from the 50-Day Moving Average
After a stumble in the market that brought CASA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.36% of loss for the given period.
Volatility was left at 5.29%, however, over the last 30 days, the volatility rate increased by 6.08%, as shares sank -45.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.67% lower at present.
During the last 5 trading sessions, CASA fell by -42.16%, which changed the moving average for the period of 200-days by -49.50% in comparison to the 20-day moving average, which settled at $3.57. In addition, Casa Systems Inc. saw -22.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CASA starting from STYSLINGER WILLIAM C III, who purchase 1,000 shares at the price of $4.05 back on May 26. After this action, STYSLINGER WILLIAM C III now owns 654,136 shares of Casa Systems Inc., valued at $4,050 using the latest closing price.
STYSLINGER WILLIAM C III, the Director of Casa Systems Inc., purchase 83,923 shares at $4.01 during a trade that took place back on May 25, which means that STYSLINGER WILLIAM C III is holding 653,136 shares at $336,531 based on the most recent closing price.
Stock Fundamentals for CASA
Equity return is now at value -127.70, with -17.70 for asset returns.
Conclusion
To put it simply, Casa Systems Inc. (CASA) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
