Shares of A. M. Castle & Co. (NYSE:CAS) have caught the eye of investors as the firm has posted impressive quarter over quarter sales growth of -21.40%. Quarter over quarter EPS stands at 61.70%. EPS growth for next year is estimated to be at -1.80%.
Can this growth continue to accelerate into the latter part of the year? Looking to analyst sentiment, sell-side firms are projecting that the stock will reach 10.62 within the next 12 months. Analysts currently have a mean recommendation of 2.00 on the name.
A. M. Castle & Co. (NYSE:CAS) shares typically trade an average volume of 76.39 and institutions hold 62.60% of the total shares. The stock has a short ratio of 19.51.
We see here that the stock is -25.19% away from the 20-Day Simple Moving Average. Their 50-Day Simple Moving Average is a difference of -35.83% from current levels. Further back, their 200-Day Simple Moving Average is -57.68% difference from today’s price. Currently, the stock is -47.80% from its 50-Day High and 22.06% from the 50-day low.
The simple moving average is the most common method used to calculate the moving average of prices. It takes the sum of all of the past closing prices over a specific time period and divides the result by the number of prices used in the calculation. Increasing the number of time periods in the calculation is an effective way to ascertain the strength of the long-term trend and/or the likelihood that it might reverse. Some argue that this type of average is not necessarily useful because each data point in the series has the exact same impact on the result no matter where it occurs in the sequence.
Technical traders have little regard for the value of a company. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Analysts use common formulas and ratios to accomplish this.
A. M. Castle & Co.’s stock has performed at -47.17%. Breaking that down further, it has performed -13.40% for the week, -39.57% for the month, -48.47% over the last quarter, -73.33% for the past half-year and -65.29% for this last year.
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