FreeCast (Direct Listing) (NASDAQ:CAST) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

FreeCast (Direct Listing) (NASDAQ:CAST) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $1.26 and traded as high as $1.3785. FreeCast (Direct Listing) shares last traded at $1.36, with a volume of 667,905 shares changing hands.

Analyst Ratings Changes

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

FreeCast (Direct Listing) Stock Up 9.7%

The firm’s 50 day simple moving average is $1.26 and its two-hundred day simple moving average is $2.33. The stock has a market capitalization of $69.07 million and a P/E ratio of -2.47.

FreeCast (Direct Listing) (NASDAQ:CAST) last released its quarterly earnings data on Monday, September 28th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.29). The firm had revenue of $0.36 million during the quarter. As a group, equities research analysts expect that FreeCast will post -0.23 earnings per share for the current year.

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.