FreeCast (Direct Listing) (NASDAQ:CAST) Releases Earnings Results

FreeCast (Direct Listing) (NASDAQ:CAST) posted its earnings results on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.09 million during the quarter.

FreeCast (Direct Listing) Price Performance

Shares of CAST traded down $0.42 on Friday, hitting $1.44. The company’s stock had a trading volume of 166,889 shares, compared to its average volume of 668,063. The business has a 50 day moving average price of $3.17. FreeCast has a fifty-two week low of $1.36 and a fifty-two week high of $33.00.

Analyst Ratings Changes

Several brokerages have recently weighed in on CAST. Wall Street Zen cut shares of FreeCast (Direct Listing) from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Maxim Group began coverage on FreeCast (Direct Listing) in a research note on Friday, April 24th. They issued a “buy” rating and a $6.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $6.00.

About FreeCast (Direct Listing)

FreeCast, Inc is a digital media and streaming-technology company that operates a platform for aggregated video content and content discovery. The company focuses on enabling consumers to find and access free, ad-supported and subscription video across connected TVs, mobile devices and the web through a unified interface. FreeCast’s offering is positioned to address fragmentation in the streaming ecosystem by simplifying discovery and centralizing access to disparate streaming sources.

Its core activities center on content aggregation, distribution and monetization tools for both end users and business partners.