Wall Street analysts’ outlook for Castle Biosciences Inc (CSTL)

With 1.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $26.48 whereas the lowest price it dropped to was $23.9501. The 52-week range on CSTL shows that it touched its highest point at $35.84 and its lowest point at $16.97 during that stretch. It currently has a 1-year price target of $40.67. Beta for the stock currently stands at 0.91.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CSTL was down-trending over the past week, with a drop of -13.28%, but this was down by -13.64% over a month. Three-month performance dropped to -18.68% while six-month performance rose 35.07%. The stock gained 23.53% in the past year, while it has lost -4.47% so far this year. A look at the trailing 12-month EPS for CSTL yields 0.20 with Next year EPS estimates of -1.92. For the next quarter, that number is 0.02. This implies an EPS growth rate of 117.17% for this year and -621.82% for next year.

Float and Shares Shorts:

At present, 27.98 million CSTL shares are outstanding with a float of 27.14 million shares on hand for trading. On 2024-12-31, short shares totaled 1.65 million, which was 590.0 higher than short shares on 1732838400. In addition to Mr. Derek J. Maetzold as the firm’s Founder, CEO, President & Director, Mr. Frank Stokes serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 0.94251996 of CSTL’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CSTL reported revenue of $85782000.0 and operating income of $5079000.0. The EBITDA in the recently reported quarter was $12024000.0 and diluted EPS was $0.08.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CSTL since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CSTL analysts setting a high price target of 45.0 and a low target of 36.0, the average target price over the next 12 months is 40.0. Based on these targets, CSTL could surge 76.75% to reach the target high and rise by 41.4% to reach the target low. Reaching the average price target will result in a growth of 57.11% from current levels.

Analysts have provided yearly estimates in a range of $0.37821 being high and $0.34579 being low. For CSTL, this leads to a yearly average estimate of $0.3674. Based on analyst estimates, the high estimate for the next quarter is -$0.53 and the low estimate is -$0.75. The average estimate for the next quarter is thus -$0.62.