Castle Biosciences Inc (NASDAQ: CSTL) Could Achieve Gains In The Near Future

After Hours

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. Yahoo Finance discussed the stock recently as it posted Castle Biosciences to Release Fourth Quarter and Full-Year 2023 Financial Results and Host Conference Call on Wednesday, Feb. 28, 2024.

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Stocks Info

Castle Biosciences Inc is listed on the NASDAQ in the Healthcare sector while operating in the Diagnostics & Research industry. At the end of the last regular session, the stock closed at $25.30 and fluctuated between $25.36 as its day high and $24.51 as its day low. The current market capitalization of Castle Biosciences Inc is $680.82M. A total of 0.21 million shares were traded on the day, compared to an average of 225.87K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CSTL has seen 0 BUY and 14 SELL insider trades, representing the acquisition of 0 and the disposition of 11,869 shares. Over the last 12 months, there were 13 BUYs and 161 SELLs from insiders. Insiders purchased 39,290 shares during that period but sold 239,992.

In the most recent transaction, BRADBURY DANIEL sold 2,074 shares of CSTL for 23.20 per share on Feb 07. After the transaction, the Director now owns 33,870 company shares. In a previous transaction on Feb 06, BRADBURY DANIEL sold 9,847 shares at 23.63 per share. CSTL shares that Director owns now total 34,578.

Among the insiders who sold shares, BRADBURY DANIEL disposed of 11,402 shares on Feb 05 at a per-share price of $22.90. This resulted in the Director holding 37,940 shares of CSTL after the transaction. In another insider transaction, BRADBURY DANIEL sold 5,100 shares at $20.36 per share on Jan 05. Company shares held by the Director now total 41,833.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CSTL in the last 3 months, the mean price target is $31.67 with high estimates of $37.00 and low estimates of $25.00. In terms of 52-week highs and lows, CSTL has a high of $26.90 and a low of $9.26.

As of this writing, CSTL has an earnings estimate of $Comtech Telecommunications Corp per share for the current quarter. EPS was calculated based on a consensus of Carlisle Companies Incorporated estimates, with a high estimate of $Castle Biosciences, Inc. per share and a lower estimate of $WESTELL TECHNOLOGIES INC.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CSTL’s latest balance sheet shows that the firm has $329.63M in Cash & Short Term Investments as of fiscal 2021. There were $8.20M in debt and $24.89M in liabilities at the time. Its Book Value Per Share was $14.35, while its Total Shareholder’s Equity was $411.74M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 CSTL is Buy with a score of 5.00.

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