Castlight Health, Inc. (CSLT) Stock: A Strong Pick In The Tech Industry?

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Castlight Health, Inc. (CSLT) is gaining in the market today. The company, one that is focused on the tech space, is presently priced at $1.58 after heading up 5.33% so far in today’s session. When it comes to tech companies, there are a number of aspects that have the ability to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories surrounding CSLT:

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Oct-22-19 08:00AM Castlight Health Announces Castlight Care Guides
Oct-15-19 08:00AM Castlight Health to Announce Third Quarter 2019 Results
Sep-26-19 08:36AM Could Castlight Health, Inc.’s (NYSE:CSLT) Investor Composition Influence The Stock Price?
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

Nonetheless, any time investors are making an investing decision, investors should take a look at much more than news, especially in the ever changing tech space. Here’s what’s going on with Castlight Health, Inc..

How CSLT Has Been Trending

Although a single session gain, like the move that we’re seeing from Castlight Health, Inc. may make some investors happy, that by itself shouldn’t be the reason for a decision to, or not to, invest in a company. It’s always important to dig into trends experienced by the stock further out than a single session. As it relates to CSLT, here are the returns on investment that we have seen:

  • Past 5 Trading Sessions – Over the last 5 trading sessions, CSLT has seen a change in value in the amount of 8.22%.
  • Monthly – The monthly returns from Castlight Health, Inc. works out to 9.72%.
  • Quarterly – Over the past three months, the company has produced a ROI of -43.97%
  • Past Six Months – In the past 6 months, we have seen a change of -57.30% from the company.
  • This Year So Far – Since the open of this year CSLT has produced a ROI of -27.19%.
  • Full Year – Finally, in the last full year, we’ve seen a change that comes to -32.48% out of CSLT. In this period of time, the stock has traded at a high price of -61.93% and a low price of 31.12%.

Crucial Ratios

Digging into various key ratios associated with a stock can give investors an understanding of just how risky and/or rewarding a an investment option may be. Here are a few of the important ratios to consider when digging into CSLT.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the level of short interest. As the ratio goes higher, it means that more investors have a belief that the price of the stock is going to fall. Throughout the sector, strong technology stocks tend to have a lower short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, when it comes to Castlight Health, Inc., the stock’s short ratio clocks in at 3.67.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to pay its debts when they mature with only current assets or quick assets. Because in tech, several companies rely heavily on continued support from investors as they work to bring new technologies to market, the quick and current ratios can be damning. Nonetheless, some better companies in the tech space come with strong quick and current ratios. In terms of CSLT, the quick and current ratios work out to 1.90 and 1.90 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets owned by the company. when it comes to Castlight Health, Inc., that ratio equates to 1.29.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of the company’s stock. As it relates to CSLT, the cash to share value ratio comes to 0.43.

Moves From Big Money Players

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 own 80.00% of the company. Institutional interest has moved by -0.06% over the past three months. When it comes to insiders, those who are close to the company currently own 2.50% percent of CSLT shares. Institutions have seen ownership changes of an accumulative -5.45% over the last three months.

What Analysts Think About Castlight Health, Inc.

While it’s never a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to use their analysis when validating your own opinions before making investment decisions in the technology space. Here 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

Financial Performance

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

  • Analyst Expectations – As it stands at the moment, Wall St. analysts expect that CSLT will come up with EPS in the amount of -0.02, with -0.01 to be reported in the next financial report. Although this isn’t earnings driven, because we’re talking about analysts, CSLT is presently graded as a 2.10 when rated on a scale from 1 to 5 on which 1 is the poorest possible Wall St. analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Over the last half decade, Castlight Health, Inc. has announced a movement in revenue that comes to a total of 64.50%. Earnings over the past 5 years have experienced movement in the amount of 16.70%.
  • Q/Q – when it comes to quarter over quarter data, or Q/Q data as it is often referred to as in the world of humans, CSLT has generated a change in earnings that comes to a total of 43.20%. CSLT has also experienced movement with regard to sales in the amount of -5.00%.

What’s The Float Looking Like?

Traders seem to have a heavy interest in the amounts of shares both available and outstanding. When it comes to Castlight Health, Inc., currently there are 149.25M and there is a float of 102.98M. This means that of the total of 149.25M shares of CSLT currently in existence today, 102.98M are able to trade hands in the public realm.

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 2.18%.

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