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Wednesday, June 7, 2023

Cantaloupe Inc. (NASDAQ: CTLP) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Cantaloupe Inc. (CTLP) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $6.72. The Cantaloupe Inc. has recorded 15,441 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Cantaloupe Introduces Cantaloupe Go Solutions for Self-Service Commerce at The NAMA 2023 Show.

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Stocks Info

Cantaloupe Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Information Technology Services industry. At the end of the last regular session, the stock closed at $6.72 and fluctuated between $6.97 as its day high and $6.58 as its day low. The current market capitalization of Cantaloupe Inc. is $395.20M. A total of 0.77 million shares were traded on the day, compared to an average of 449.16K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CTLP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 0 SELLs from insiders. Insiders purchased 456,773 shares during that period but sold 0.

In the most recent transaction, Harris Ian Jiro bought 5,010 shares of CTLP for 4.00 per share on Dec 19. After the transaction, the Director now owns 120,600 company shares. In a previous transaction on Dec 19, Stewart Scott Matthew bought 2,500 shares at 4.00 per share. CTLP shares that Chief Financial Officer owns now total 26,528.

Among the insiders who bought shares, Harris Ian Jiro acquired of 4,750 shares on Dec 16 at a per-share price of $3.96. This resulted in the Director holding 115,590 shares of CTLP after the transaction. In another insider transaction, Stewart Scott Matthew bought 7,500 shares at $4.00 per share on Dec 15. Company shares held by the Chief Financial Officer now total 24,028.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CTLP in the last 3 months, the mean price target is $9.33 with high estimates of $10.00 and low estimates of $9.00. In terms of 52-week highs and lows, CTLP has a high of $7.05 and a low of $2.77.

As of this writing, CTLP has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.06 per share and a lower estimate of $0.04.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CTLP’s latest balance sheet shows that the firm has $68.12M in Cash & Short Term Investments as of fiscal 2022. There were $16.99M in debt and $79.18M in liabilities at the time. Its Book Value Per Share was $2.11, while its Total Shareholder’s Equity was $159.97M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CTLP is Buy with a score of 5.00.

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