$410.37K in average volume shows that Castle Biosciences Inc (CSTL) is heading in the right direction

Castle Biosciences Inc (NASDAQ: CSTL) kicked off on Friday, down -4.38% from the previous trading day, before settling in for the closing price of $34.67. Over the past 52 weeks, CSTL has traded in a range of $15.28-$34.73.

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Healthcare Sector giant saw their annual sales surged by 60.93% over the last five years. While this was happening, its average annual earnings per share was recorded 74.46%. With a float of $25.98 million, this company’s outstanding shares have now reached $27.41 million.

The firm has a total of 610 workers. Let’s measure their productivity. In terms of profitability, gross margin is 79.06%, operating margin of -5.48%, and the pretax margin is -1.4%.

Castle Biosciences Inc (CSTL) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Diagnostics & Research Industry. The insider ownership of Castle Biosciences Inc is 6.32%, while institutional ownership is 87.50%. The most recent insider transaction that took place on Nov 01 ’24, was worth 416,040. Before that another transaction happened on Oct 14 ’24, when Company’s Pres. & Chief Exec. Officer sold 3,155 for $32.27, making the entire transaction worth $101,821. This insider now owns 6,749 shares in total.

Castle Biosciences Inc (CSTL) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.26 earnings per share (EPS), higher than consensus estimate (set at -0.76) by 0.5. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.76 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 74.46% per share during the next fiscal year.

Castle Biosciences Inc (NASDAQ: CSTL) Trading Performance Indicators

Take a look at Castle Biosciences Inc’s (CSTL) current performance indicators. Last quarter, stock had a quick ratio of 7.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.06. Likewise, its price to free cash flow for the trailing twelve months is 34.32.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.13, a number that is poised to hit -0.00 in the next quarter and is forecasted to reach -2.30 in one year’s time.

Technical Analysis of Castle Biosciences Inc (CSTL)

Analysing the last 5-days average volume posted by the [Castle Biosciences Inc, CSTL], we can find that recorded value of 0.44 million was better than the volume posted last year of 0.32 million. As of the previous 9 days, the stock’s Stochastic %D was 81.47%. Additionally, its Average True Range was 1.54.

During the past 100 days, Castle Biosciences Inc’s (CSTL) raw stochastic average was set at 87.70%, which indicates a significant increase from 46.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.65% in the past 14 days, which was lower than the 64.08% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $30.57, while its 200-day Moving Average is $24.35. Now, the first resistance to watch is $34.85. This is followed by the second major resistance level at $36.56. The third major resistance level sits at $37.69. If the price goes on to break the first support level at $32.01, it is likely to go to the next support level at $30.88. Should the price break the second support level, the third support level stands at $29.17.

Castle Biosciences Inc (NASDAQ: CSTL) Key Stats

The company with the Market Capitalisation of 879.16 million has total of 27,607K Shares Outstanding. Its annual sales at the moment are 219,790 K in contrast with the sum of -57,470 K annual income. Company’s last quarter sales were recorded 87,000 K and last quarter income was 8,920 K.