Is Cantaloupe Inc. (NASDAQ: CTLP) A Good Stock To Invest In Right Now?

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Cantaloupe Inc. (NASDAQ:CTLP) price on Friday, June 17, rose 8.32% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.21.

A look at the stock’s price movement, the close in the last trading session was $4.81, moving within a range at $4.775 and $5.25. The beta value (5-Year monthly) was 2.03 while the PE ratio in trailing twelve months stood at 157.88. Turning to its 52-week performance, $13.25 and $4.28 were the 52-week high and 52-week low respectively. Overall, CTLP moved 14.51% over the past month.

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Cantaloupe Inc.’s market cap currently stands at around $377.10 million, with investors looking forward to this quarter’s earnings report slated for Feb 02, 2022 – Feb 07, 2022. Analysts project the company’s earnings per share (EPS) to be -$0.01, which has seen fiscal year 2022 EPS growth forecast to increase to -$0.07 and about $0 for fiscal year 2023. Per the data, EPS growth is expected to be 50.00% for 2022 and 100.00% for the next financial year.

Analysts have a consensus estimate of $56.46 million for the company’s revenue for the quarter, with a low and high estimate of $54.38 million and $57.8 million respectively. The average forecast suggests up to a 15.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $204.08 million, representing a 22.20% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that CTLP is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

The technical evaluation for the stock shows the PEG ratio is 6.32, with CTLP’s current price about 4.31% and 0.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.12, while 7-day volatility ratio is 7.14% and 6.11% in the 30-day chart. Further, Cantaloupe Inc. (CTLP) has a beta value of 2.05, and an average true range (ATR) of 0.31.

In the market, a comparison of Cantaloupe Inc. (CTLP) and its peers suggest the former has performed considerably stronger. Data shows CTLP’s intraday price has changed 8.32% in last session and -57.95% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and -0.13% respectively in the last trading.

If we refocus on Cantaloupe Inc. (NASDAQ:CTLP), historical trading data shows that trading volumes averaged 260.66K over the past 3 months. The company’s latest data on shares outstanding shows there are 71.08 million shares.

The 0.90% of Cantaloupe Inc.’s shares are in the hands of company insiders while institutional holders own 75.50% of the company’s shares. Current price change has pushed the stock -41.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CTLP stock continues to rise going into the next quarter.