Cantaloupe Inc (NASDAQ: CTLP)’s stock price has gone rise by 8.29 in comparison to its previous close of 5.85, however, the company has experienced a 6.83% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-05-10 that Cantaloupe, Inc. (NASDAQ:CTLP ) Q3 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Dara Dierks – Investor Relations Ravi Venkatesan – Chief Executive Officer Scott Stewart – Chief Financial Officer Conference Call Participants Chris Kennedy – William Blair Josh Nichols – B. Riley Gary Prestopino – Barrington Research Vijay Devar – Northland Capital Markets Operator Good day and thank you for standing by.
Is It Worth Investing in Cantaloupe Inc (NASDAQ: CTLP) Right Now?
The price-to-earnings ratio for Cantaloupe Inc (NASDAQ: CTLP) is 38.79x, which is above its average ratio. Moreover, the 36-month beta value for CTLP is 1.63. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CTLP is 66.03M and currently, short sellers hold a 3.30% of that float. On May 10, 2024, CTLP’s average trading volume was 303.42K shares.
CTLP’s Market Performance
CTLP stock saw a decrease of 6.83% in the past week, with a monthly decline of -2.24% and a quarterly a decrease of 0.88%. The volatility ratio for the week is 2.24%, and the volatility levels for the last 30 days are 2.83% for Cantaloupe Inc (CTLP). The simple moving average for the last 20 days is 5.01% for CTLP’s stock, with a simple moving average of -6.23% for the last 200 days.
Analysts’ Opinion of CTLP
Many brokerage firms have already submitted their reports for CTLP stocks, with The Benchmark Company repeating the rating for CTLP by listing it as a “Buy.” The predicted price for CTLP in the upcoming period, according to The Benchmark Company is $10 based on the research report published on February 23, 2024 of the current year 2024.
Berenberg, on the other hand, stated in their research note that they expect to see CTLP reach a price target of $9. The rating they have provided for CTLP stocks is “Buy” according to the report published on October 03rd, 2023.
B. Riley Securities gave a rating of “Buy” to CTLP, setting the target price at $10.50 in the report published on August 17th of the previous year.
CTLP Trading at 2.00% from the 50-Day Moving Average
After a stumble in the market that brought CTLP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.54% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +1.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.77% lower at present.
During the last 5 trading sessions, CTLP rose by +8.77%, which changed the moving average for the period of 200-days by -14.46% in comparison to the 20-day moving average, which settled at $6.04. In addition, Cantaloupe Inc saw -14.51% 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 CTLP starting from Baird Lisa P., who purchase 3,000 shares at the price of $6.25 back on Feb 13 ’24. After this action, Baird Lisa P. now owns 75,620 shares of Cantaloupe Inc, valued at $18,750 using the latest closing price.
Venkatesan Ravi, the Chief Executive Officer of Cantaloupe Inc, purchase 7,749 shares at $6.45 during a trade that took place back on Feb 12 ’24, which means that Venkatesan Ravi is holding 128,658 shares at $49,981 based on the most recent closing price.
Stock Fundamentals for CTLP
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.39 for the gross margin
The net margin for Cantaloupe Inc stands at 0.05. The total capital return value is set at 0.06. Equity return is now at value 7.40, with 4.19 for asset returns.
Based on Cantaloupe Inc (CTLP), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 4.22.
Currently, EBITDA for the company is 15.09 million with net debt to EBITDA at -0.11. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 6.0for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To wrap up, the performance of Cantaloupe Inc (CTLP) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
