Is This Stock a Screaming Buy: Castle Brands Inc. (:ROX)

Equity Research firms currently have a positive stance on shares of Castle Brands Inc. (:ROX). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $2.00 on a short term basis.

At the time of writing, the stock was trading at $0.85. This represents a change from the opening price of 0.00%. In terms of performance, year to date, the stock is -30.89%. The monthly stock performance comes in at -2.28%. For the quarter, shares are performing at 4.45%. Weekly performance analysis shows the equity at -1.95%.

In taking a look at technical levels, shares are trading -2.33% away from the 50 day simple moving average and -6.24% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -42.18% away from it’s 52- week high and 21.43% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Castle Brands Inc.’s RSI stands at 43.58. In looking at volatility levels, the shares saw weekly volatility of 3.77% and 3.85% over the past month.

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