Casella Waste Systems, Inc. (NASDAQ: CWST) has a higher price-to-earnings ratio of 202.07x compared to its average ratio. CWST has 36-month beta value of 0.91. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for CWST is 56.40M, and currently, short sellers hold a 2.89% ratio of that float. The average trading volume of CWST on April 26, 2024 was 287.79K shares.
CWST) stock’s latest price update
The stock of Casella Waste Systems, Inc. (NASDAQ: CWST) has decreased by -2.78 when compared to last closing price of 94.32. Despite this, the company has experienced a -1.85% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that Casella (CWST) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.10 per share a year ago.
CWST’s Market Performance
Casella Waste Systems, Inc. (CWST) has seen a -1.85% fall in stock performance for the week, with a -7.17% decline in the past month and a 7.08% surge in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are at 2.03% for CWST. The simple moving average for the past 20 days is -3.59% for CWST’s stock, with a 8.06% simple moving average for the past 200 days.
Analysts’ Opinion of CWST
Many brokerage firms have already submitted their reports for CWST stocks, with Wells Fargo repeating the rating for CWST by listing it as a “Overweight.” The predicted price for CWST in the upcoming period, according to Wells Fargo is $95 based on the research report published on November 27, 2023 of the previous year 2023.
Wolfe Research, on the other hand, stated in their research note that they expect to see CWST reach a price target of $96. The rating they have provided for CWST stocks is “Outperform” according to the report published on October 17th, 2023.
Goldman gave a rating of “Buy” to CWST, setting the target price at $100 in the report published on September 15th of the previous year.
CWST Trading at -2.74% from the 50-Day Moving Average
After a stumble in the market that brought CWST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.57% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -6.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.51% upper at present.
During the last 5 trading sessions, CWST fell by -1.07%, which changed the moving average for the period of 200-days by +6.47% in comparison to the 20-day moving average, which settled at $94.79. In addition, Casella Waste Systems, Inc. saw 7.30% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CWST starting from CASELLA JOHN W, who sale 951 shares at the price of $94.15 back on Mar 14 ’24. After this action, CASELLA JOHN W now owns 34,238 shares of Casella Waste Systems, Inc., valued at $89,537 using the latest closing price.
Coletta Edmond, the PRESIDENT of Casella Waste Systems, Inc., sale 452 shares at $94.02 during a trade that took place back on Mar 14 ’24, which means that Coletta Edmond is holding 170,034 shares at $42,497 based on the most recent closing price.
Stock Fundamentals for CWST
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.41 for the gross margin
The net margin for Casella Waste Systems, Inc. stands at 0.01. The total capital return value is set at 0.04. Equity return is now at value 3.34, with 1.27 for asset returns.
Based on Casella Waste Systems, Inc. (CWST), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 1.62. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 2.06.
Currently, EBITDA for the company is 301.86 million with net debt to EBITDA at -0.16. When we switch over and look at the enterprise to sales, we see a ratio of 3.86. The receivables turnover for the company is 9.15for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
To put it simply, Casella Waste Systems, Inc. (CWST) has had a mixed 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.
