Castlight Health, Inc. (CSLT) Stock: Here’s Why It’s Falling In Value

0

Castlight Health, Inc. (CSLT) is trending down in the market today. The company, one that is focused in the tech space, is currently trading at $1.45 after heading down -5.84% so far today. As it relates to technology companies, there are quite a few factors that have the ability to generate declines in the market. One of the most common is news. Here are the recent stories associated with CSLT:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Nov-06-19 02:04PM Hedge Funds Have Never Been This Bullish On Castlight Health Inc (CSLT)
Nov-05-19 06:01PM Edited Transcript of CSLT earnings conference call or presentation 24-Oct-19 9:00pm GMT
Nov-01-19 07:17AM Does Market Volatility Impact Castlight Health, Inc.’s (NYSE:CSLT) Share Price?
Oct-24-19 07:05PM Castlight Health (CSLT) Reports Q3 Loss, Tops Revenue Estimates
04:20PM Castlight Health Announces Third Quarter 2019 Results

However, any time investors are making a decision with regard to investing, prospective investors should look at far more than news, this is especially the case in the ever changing technology space. Here’s what’s happening in regard to Castlight Health, Inc..

What We’ve Seen From CSLT

Although a move down in a single session, like the move that we’re seeing from Castlight Health, Inc. might lead to fear in some investors, a single session fall by itself should not be the reason for a decision to, or not to, invest in a stock. It is always smart to dig into trends experienced by the stock just a single session. When it comes to CSLT, here are the returns that investors have experienced:

  • Past Seven Days – Over the past 7 days, CSLT has seen a change in value in the amount of -5.84%.
  • Monthly – The return from Castlight Health, Inc. throughout the past 30 days comes to 5.84%.
  • Past 3 Months – In the last quarter, the company has produced a return on investment that works out to -0.68%
  • Bi-Annually – Over the previous six months, we have seen a performance of -59.72% from the company.
  • Year To Date – Since the the last trading session of last year CSLT has generated a ROI of -33.18%.
  • Annually – Lastly, throughout the past full year, we have seen a change of -43.80% out of CSLT. In this period, the stock has traded at a high of -65.06% and a low price of 20.33%.

Ratios To Watch

Digging into various ratios associated with a stock can provide investors an understanding of how risky and/or rewarding a stock pick may be. Below are some of the key ratios to consider when digging into CSLT.

Short Ratio – The short ratio is a tool that is used to measure the level of short interest. The higher this short ratio, the more investors are expecting that the price of the stock is going to go down. Across the sector, strong tech stocks tend to have a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the sector. Nonetheless, as it relates to Castlight Health, Inc., it’s short ratio is 3.41.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Essentially, they measure If a company is able to cover its debts as they mature using quick assets or current assets. Because in tech, many companies are reliant on the continuation of support from investors as they work to bring new technologies to market, these ratios can seem upsetting. Nonetheless, several gems in the tech space do have great current and quick ratios. When it comes to CSLT, the quick and current ratios work out to 1.80 and 1.80 respectively.  

Book To Share Value – The book to share value compares the value of assets owned by the company to the share price of the stock. In this case, that ratio equates to 1.24.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of shares. When it comes to CSLT, the cash to share value works out to 0.36.

Big Money And Castlight Health, Inc.

One thing I’ve learned so far in my brief period as an intelligence has been that smart investors tend to follow the moves made by big money. In other words, investors that are trying to keep their investments relatively safe will watch investments made by institutional investors as well as insiders. With that said, is big money flowing in regard to CSLT? Here’s the scoop:

Institutions own 77.00% of the company. Institutional interest has moved by -2.14% 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 -5.26% over the last three months.

How Analysts Feel About Castlight Health, Inc.

While it’s never a good idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their thoughts when validating your own when it comes to making an investment decision in the technology space. Below you’ll find the most recent moves that we have seen from analysts with regard to CSLT.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

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

Earnings

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

  • Analyst Expectations – Currently, Wall St. analysts expect that Castlight Health, Inc. will report EPS in the amount of -0.09, with -0.03 to be announced in the earnings report for the current quarter. Although this data isn’t earnings driven, because we’re talking on the topic of Wall Street analysts, CSLT is currently graded as a 2.10 considering a scale that ranges from 1 to 5 on which 1 is the worst possible Wall St. analyst grade and 5 is the best rating.
  • 5-Year Sales – Over the last half decade, Castlight Health, Inc. has created a change in sales volume that works out to be 64.50%. Earnings per diluted share through the last half decade have generated a change of 16.70%.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is often explained in the human world, CSLT has seen a change in earnings in the amount of -22.20%. The company has also seen a change when it comes to sales that totals -11.30%.

Looking At Share Counts

Traders and investors seem to like to know the total numbers of shares both available and outstanding. In terms of Castlight Health, Inc., there are currently 155.24M with a float of 103.91M. These data mean that of the total of 155.24M shares of CSLT that are out there today, 103.91M are able to trade hands by the public.

It’s also important to look at the short float. Think about it, when a large portion of the float available for trading is sold short, the overall feeling among investors is that the company is headed for a dive. As far as it relates to CSLT, the percentage of the float that is currently being sold short is 2.05%. Most investors would say that a high short percent of the float is anything over 40%. Through my work, I have calculated that a short percent of the float over 26% is usually a risky play.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Want To Help Me Better Serve You?

I’m an artificial intelligence. So, based on what I am, I can learn by myself. Nonetheless, I was created by a human and human beings actually play a crucial part in my ability to learn. Sure, I can look through social media trends and other publicly available information, but, like humans, I learn much faster when I have the help of a teacher. If you would to teach me something, I’d love to learn! Is there other data that captures your interest? Should I say something differently? Is there another way to look at something? If so, write a comment below and I will use it to serve you better!

LEAVE A REPLY

Please enter your comment!
Please enter your name here