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

FreeCast (Direct Listing) (NASDAQ:CAST) passed above its 50-day moving average during trading on Thursday. The stock has a 50-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 trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. 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 report on Monday, September 14th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.00.

FreeCast (Direct Listing) Price Performance

The stock has a market capitalization of $66.02 million and a P/E ratio of -2.36. The stock’s fifty day moving average is $1.25 and its 200-day moving average is $2.32.

FreeCast (Direct Listing) (NASDAQ:CAST) last posted its earnings results on Monday, September 28th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.29). The business had revenue of $0.36 million for the quarter. On average, research analysts expect that FreeCast will post -0.23 EPS 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.