Cantaloupe Inc (NASDAQ: CTLP) is -14.30% lower on its value in year-to-date trading and has touched a low of $5.74 and a high of $10.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CTLP stock was last observed hovering at around $8.11 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $8.15, the stock is -9.76% and -10.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 0.49% at the moment leaves the stock 7.77% off its SMA200. CTLP registered 24.05% gain for a year compared to 6-month gain of 15.44%. The firm has a 50-day simple moving average (SMA 50) of $9.1432 and a 200-day simple moving average (SMA200) of $7.56245.
The stock witnessed a -20.33% loss in the last 1 month and extending the period to 3 months gives it a -11.80%, and is -2.04% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.05% over the week and 4.43% over the month.
Cantaloupe Inc (CTLP) has around 359 employees, a market worth around $594.84M and $276.75M in sales. Current P/E ratio is 46.47 and Fwd P/E is 19.22. Profit margin for the company is 4.69%. Distance from 52-week low is 41.86% and -22.23% from its 52-week high. The company has generated returns on investments over the last 12 months (5.56%).
with sales reaching $75.29M over the same period.The EPS is expected to grow by 96.00% this year, but quarterly earnings will post 16.17% year-over-year. Quarterly sales are estimated to grow 15.20% in year-over-year returns.
Cantaloupe Inc (CTLP) Top Institutional Holders
206.0 institutions hold shares in Cantaloupe Inc (CTLP), with institutional investors hold 85.29% of the company’s shares. The shares outstanding are 72.99M, and float is at 65.46M with Short Float at 3.38%. Institutions hold 75.69% of the Float.
The top institutional shareholder in the company is HUDSON EXECUTIVE CAPITAL LP with over 9.27 million shares valued at $61.19 million. The investor’s holdings represent 12.7255% of the CTLP Shares outstanding. As of 2024-06-30, the second largest holder is ABRAMS CAPITAL MANAGEMENT, L.P. with 7.18 million shares valued at $47.39 million to account for 9.8557 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.37 million shares representing 5.9961% and valued at over $28.83 million, while VANGUARD GROUP INC holds 4.447 of the shares totaling 3.24 million with a market value of $21.38 million.
Cantaloupe Inc (CTLP) Insider Activity
The most recent transaction is an insider purchase by Baird Lisa P., the company’s Director. SEC filings show that Baird Lisa P. bought 6,000 shares of the company’s common stock on Sep 27 ’24 at a price of $7.42 per share for a total of $44520.0. Following the purchase, the insider now owns 97319.0 shares.
Cantaloupe Inc disclosed in a document filed with the SEC on Sep 27 ’24 that Bergeron Douglas (Director) bought a total of 234,134 shares of the company’s common stock. The trade occurred on Sep 27 ’24 and was made at $7.41 per share for $1.73 million. Following the transaction, the insider now directly holds 0.43 million shares of the CTLP stock.
Still, SEC filings show that on Sep 30 ’24, Bergeron Douglas (Director) acquired 36,000 shares at an average price of $7.41 for $0.27 million. The insider now directly holds 462,319 shares of Cantaloupe Inc (CTLP).
