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Cantaloupe Inc. (NASDAQ:CTLP) gain 0.16% – Is It right time to buy?

How have the shares performed?

Cantaloupe Inc. (CTLP) saw an uptrend of 0.16% in the recent trading with $12.42 being its most recent. The current price level -4.39% lower than the highest price of $12.99 marked by the stock while trading over the past 52-weeks, whereas it is 112.31% higher than the lowest price of $5.85 the company dropped to over past 52-weeks. The latest news story on CTLP appeared in Business Wire under the title “Cantaloupe Introduces ePort® Engage Series” on May-18-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -1.04% below one month high and is +29.37% above of the lowest during that time. Looking into the simple moving average, Cantaloupe Inc. (CTLP)’s stock stands at a SMA-50 of $11.47 while that of 5-day is reading $12.14.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CTLP’s SMA-200 as of now is $9.85.

Cantaloupe Inc. Earnings – What Happened With CTLP

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $42.76 billion.

CTLP – Cantaloupe Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 67.11 million. CTLP does have institutional investors; and they hold 68.30% of the stock.

Cantaloupe Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 8 new insider purchases involving 76,848 shares. On the other hand, CTLP declared 0 shares have been sold in 0 insider transactions over the past three months.

As on Mar 30, 2021, Hudson Executive Capital, LP was the top most holder in Cantaloupe Inc. (NASDAQ:CTLP) with an ownership of 12.0 million shares of the company or 16.87% of the stake worth $140.59 million. The filing also reveals Ardsley Advisory Partners as the second largest holder in the company with a control over 6.91% of the outstanding shares. Its stake is worth $57.58 million for having 4.91 million shares in hand.

Franklin Resources, Inc. also came holding a key position in the company during the recent quarter and it now holds 3.87% of the outstanding shares. With this there are now 121 institutions which have possession in CTLP’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Cantaloupe Inc. was 1.08 while posting a debt to equity ratio of 0.12. The count was 20.69 for long-term debt to equity ratio.

Cantaloupe Inc.’s return on equity, or ROE, is -21.80%, compared to the industry average of 4.69% for Technology – Information Technology Services. Although this indicates that CTLP fails to use its equity well, the metric will vary significantly depending on the industry.

Technical Analysis of Cantaloupe Inc. (NASDAQ:CTLP) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Cantaloupe Inc. (CTLP), we notice that the stock’s 20-day average volume is at 277,960 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 349,108 shares. And to end, CTLP’s 100-day average volume is 291,931 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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