Castlight Health, Inc. (CSLT) Stock: Is This Technology Stock Worth Your Time?

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Castlight Health, Inc. (CSLT) is headed up in the market today. The company, focused on the tech industry, is currently trading at $1.63 after gaining 6.54% so far in today’s session. In terms of tech companies, there are quite a few factors that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines surrounding CSLT:

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Aug-21-19 11:14AM Is Castlight Health (NYSE:CSLT) Using Too Much Debt?
Aug-08-19 02:00PM Castlight Health Announces New Customer Center of Excellence in Utah
Aug-02-19 12:57PM Edited Transcript of CSLT earnings conference call or presentation 30-Jul-19 9:00pm GMT
Jul-31-19 05:46PM How this S.F. health tech’s new CEO plans to turn things around
03:46PM Heres Why Castlight Health’s Shares Got Cut in Half Today

However, any time investors are making a decision with regard to investing, investors should look at far more than news, especially in the ever evolving tech industry. Here’s what’s going on with Castlight Health, Inc..

Recent Movement Out of CSLT

While a move toward the top in a single session, like the move that we’re seeing from Castlight Health, Inc. may make some investors jump for joy, that by itself shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is always a good idea to dig into trends further out than a single session. In the case of CSLT, here are the returns that investors have experienced:

  • Past 5 Trading Sessions – In the past five trading sessions, CSLT has seen a price change that amounts to 13.19%.
  • Past Month – The ROI from Castlight Health, Inc. over the past 30 days has been 11.64%.
  • Past Three Months – Throughout the last 3 months, the stock has produced a return on investment of -42.40%
  • Past Six Months – In the last six months, we have seen a change of -58.84% from the company.
  • Year To Date – Since the the first trading session of this year CSLT has resulted in a ROI of -24.88%.
  • Annually – Lastly, over the last year, we’ve seen performance that works out to -43.79% out of CSLT. Throughout this period, the stock has traded at a high price of -60.72% and a low of 21.64%.

Rations That You Should Consider

Digging into a few key ratios having to do with a stock generally gives investors an understanding of how dangerous and/or rewarding a an investment option might be. Below are a few of the important ratios to consider when looking at CSLT.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it means that more investors believe that the stock is going to go down. Throughout the sector, strong tech stocks tend to carry a lower short ratio. However, we tend to see a lot of short squeezes in the space. Nonetheless, in relation to Castlight Health, Inc., the stock’s short ratio comes to 4.07.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure whether or not a company can pay for its debts as they mature using current assets or quick assets. Because in tech, several companies rely heavily on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can seem damning. However, quite a few gems in the tech sector come with strong current and quick ratios. As far as CSLT, the quick and current ratios come to 1.90 and 1.90 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In this case, the book to share value ratio is 1.29.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. As it relates to CSLT, the cash to share value is 0.43.

What Are Big Money Players Doing With Castlight Health, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CSLT, here’s what we’re seeing:

  • Institutions – Currently, institutions hold 79.90% of Castlight Health, Inc.. On the other hand, it is important to note that the ownership held by institutions has moved in the amount of 4.48% over the past quarter.
  • Insider Moves – When it comes to insiders, those close to the company currently hold 2.50% of Castlight Health, Inc.. Insider ownership of the company has seen a move of -5.49% in the past quarter.

How Analysts Feel About Castlight Health, Inc.

While it’s never a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a smart idea to use their thoughts when validating your own when it comes to making an investment decision in the tech industry. Below are the recent moves that we’ve seen from analysts as it relates to CSLT.

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Jul-31-19 Downgrade Cantor Fitzgerald Overweight → Neutral
Oct-31-18 Reiterated Dougherty & Company Buy $6 → $5
Jul-31-18 Downgrade Chardan Capital Markets Buy → Neutral $4.80
Jul-23-18 Reiterated Dougherty & Company Buy $6 → $7
May-11-18 Reiterated Chardan Capital Markets Buy $5.75 → $6

What We’ve Seen In earnings results

What have ween seen from CSLT in terms of financial results?Here’s the data:

  • Analyst Expectations – As it stands, Wall St. analysts expect that the company will report EPS in the amount of -0.02, with -0.01 to be reported in the next financial report. Although this information is not associated with earnings, because we’re talking on the topic of Wall Street analysts, CSLT is currently rated a 2.10 considering a scale that ranges from 1 to 5 where 1 is the poorest possible analyst rating and 5 is the best rating.
  • 5-Year Sales – In the past half decade, Castlight Health, Inc. has announced a movement in revenue that comes to a total of 64.50%. Earnings per share over the last 5 years have experienced a change of 16.70%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly referred to as in the human world, Castlight Health, Inc. has created a earnings change by 43.20%. Castlight Health, Inc. has also seen movement in terms of sales volume that comes to a total of -5.00%.

A Look At Share Counts

Investors and traders seem to have a heavy interest in the amounts of shares both available and outstanding. When it comes to Castlight Health, Inc., there are currently 148.23M with a float of 102.97M. These data mean that out of the total of 148.23M shares of CSLT currently in existence today, 102.97M are available to be traded on the market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CSLT, the short percent of the float is 2.50%.

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