FreeCast (Direct Listing) (NASDAQ:CAST) Raised to Hold at Wall Street Zen

FreeCast (Direct Listing) (NASDAQ:CAST) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

CAST has been the topic of several other research reports. Weiss Ratings raised shares of FreeCast (Direct Listing) from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, September 14th. Zacks Research upgraded shares of FreeCast (Direct Listing) to a “hold” rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.00.

FreeCast (Direct Listing) Stock Performance

CAST stock opened at $1.18 on Friday. The company has a market capitalization of $59.93 million and a PE ratio of -6.56. FreeCast has a 12-month low of $0.50 and a 12-month high of $33.00. The business’s fifty day moving average price is $1.35 and its 200 day moving average price is $2.49.

FreeCast (Direct Listing) (NASDAQ:CAST) last announced its earnings results on Monday, September 28th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.29). The company had revenue of $0.36 million during the quarter. Research analysts predict that FreeCast will post -0.23 EPS for the current fiscal year.

FreeCast (Direct Listing) Company Profile

FreeCast, Inc is a media and entertainment technology company that develops streaming aggregation services. Its platform is designed to bring together free, ad-supported streaming television, on-demand programming, live channels and subscription-based content in a unified viewing experience, helping consumers discover and access content from multiple sources.

The company offers consumer-facing streaming products and related technology intended to simplify television viewing across connected TVs, mobile devices and other internet-enabled platforms.