Caesarstone Ltd (NASDAQ: CSTE)’s stock price has gone decline by -10.14 in comparison to its previous close of 6.61, however, the company has experienced a -5.86% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that CaesarStone (CSTE) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.17 per share a year ago.
Is It Worth Investing in Caesarstone Ltd (NASDAQ: CSTE) Right Now?
Additionally, the 36-month beta value for CSTE is 0.21. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for CSTE is 20.51M and currently, short sellers hold a 0.17% ratio of that float. The average trading volume of CSTE on May 09, 2024 was 87.44K shares.
CSTE’s Market Performance
CSTE stock saw an increase of -5.86% in the past week, with a monthly gain of 4.76% and a quarterly increase of 48.50%. The volatility ratio for the week is 7.15%, and the volatility levels for the last 30 days are 7.92% for Caesarstone Ltd (CSTE).. The simple moving average for the past 20 days is -1.48% for CSTE’s stock, with a 34.34% simple moving average for the past 200 days.
Analysts’ Opinion of CSTE
Many brokerage firms have already submitted their reports for CSTE stocks, with Stifel repeating the rating for CSTE by listing it as a “Hold.” The predicted price for CSTE in the upcoming period, according to Stifel is $18 based on the research report published on May 28, 2021 of the previous year 2021.
Stifel gave a rating of “Hold” to CSTE, setting the target price at $12 in the report published on February 13th of the previous year.
CSTE Trading at 19.86% from the 50-Day Moving Average
After a stumble in the market that brought CSTE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.78% of loss for the given period.
Volatility was left at 7.92%, however, over the last 30 days, the volatility rate increased by 7.15%, as shares sank -3.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.59% upper at present.
During the last 5 trading sessions, CSTE fell by -5.86%, which changed the moving average for the period of 200-days by +6.07% in comparison to the 20-day moving average, which settled at $6.02. In addition, Caesarstone Ltd saw 58.82% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CSTE
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.16 for the gross margin
The net margin for Caesarstone Ltd stands at -0.19. The total capital return value is set at -0.14. Equity return is now at value -30.08, with -17.25 for asset returns.
Based on Caesarstone Ltd (CSTE), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 2.07. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 48.46.
Currently, EBITDA for the company is -11.55 million with net debt to EBITDA at 33.98. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 6.74for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.
Conclusion
In conclusion, Caesarstone Ltd (CSTE) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
