FreeCast (Direct Listing) (NASDAQ:CAST) Shares Cross Below Fifty Day Moving Average – Time to Sell?

FreeCast (Direct Listing) (NASDAQ:CAST)’s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $1.22 and traded as low as $1.09. FreeCast (Direct Listing) shares last traded at $1.10, with a volume of 282,260 shares trading hands.

Analyst Upgrades and Downgrades

CAST has been the topic of several research analyst reports. Wall Street Zen raised FreeCast (Direct Listing) from a “sell” rating to a “hold” rating in a research report on Saturday, October 3rd. Weiss Ratings upgraded FreeCast (Direct Listing) from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

FreeCast (Direct Listing) Stock Down 11.3%

The firm has a market cap of $55.87 million and a price-to-earnings ratio of -2.00. The stock has a fifty day moving average price of $1.22 and a 200-day moving average price of $2.27.

FreeCast (Direct Listing) Company Profile

FreeCast, Inc. is a media and technology company focused on simplifying access to digital television and streaming content. Its platform brings together live television, on-demand programming, free ad-supported streaming television channels and other internet-based content in a unified viewing experience. The company operates products and services designed to help consumers discover, organize and watch programming from multiple sources through connected televisions, mobile devices and other internet-enabled platforms.