As of Wednesday, Cantaloupe Inc.’s (NASDAQ:CTLP) stock closed at $5.00, down from $5.25 the previous day. While Cantaloupe Inc. has underperformed by -4.76%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CTLP fell by -39.98%, with highs and lows ranging from $8.53 to $2.77, whereas the simple moving average jumped by 4.42% in the last 200 days.
Analysis of Cantaloupe Inc. (CTLP)
Further, the quarter-over-quarter increase in sales is 26.20%, showing a positive trend in the upcoming months.
One of the most important indicators of Cantaloupe Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -6.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CTLP is recording 520.24K average volume. On a monthly basis, the volatility of the stock is set at 6.32%, whereas on a weekly basis, it is put at 10.24%, with a gain of 7.30% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.00, showing growth from the present price of $5.00, which can serve as yet another indication of whether CTLP is worth investing in or should be passed over.
How Do You Analyze Cantaloupe Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 75.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CTLP shares?
The recent increase in stakes in CTLP appears to be a result of several institutional investors and hedge funds increasing their positions. Ardsley Advisory Partners LP made another decreased to its shares in CTLP during the first quarter, downing its stake by -1.74%. During the last quarter, the company picked up -101,079 additional shares for a total stake of worth $24.87 million, bringing number of shares owned by the company to 5,717,121.
During the first quarter, Cowen & Co. LLC added a 892,052 position in CTLP. BlackRock Fund Advisors sold an additional -0.11 million shares in the last quarter, decreasing its holdings by -2.99%, now holding 3.47 million shares worth $15.11 million. CTLP shares are owned by institutional investors to the tune of 75.40% at present.