The Castle Brands Inc. (NYSE:ROX) is going up by 5.87% in today’s trading session, a rise equivalent to 0.04% of the stock’s price from yesterday’s market close. A news came out on 08/09/19 stating that Castle Brands Announces Fiscal 2020 First Quarter Results by WSJ. The lowest point that the shares touched during the trading session was $0.52, while the peak of the day was recorded at a share price of $0.62. ROX finished the previous session at $0.60 according to the data provided by Barchart, while the trading volume was observed to be $761,038.
In the 100 days of trading, ROX managed to top a 0.57% Moving average. Additionally, Castle Brands Inc. shares have achieved a 52-week range between 0.44 and 1.17 alongside 100 days raw stochastic set at 63.58%.
The number of shares outstanding, according to the fundamentals of the company, is set at 165.24M, equal to the value of $99.44M in market capitalization. Financial analysts indicate that ROX shares should be still ranked as a “Outperform”. In the last 30 days, Castle Brands Inc. shares went down by -4.88%, adding 0.67 to growth in value, on top of a +30.02% boost since 07/22/19.
Castle Brands Inc. (NYSE:ROX) Analyst’s Estimates
Castle Brands Inc. (ROX) could record at least $0.00 per share in quarterly earnings in the upcoming report on 11/07/2019, a number that would actually represent an increase of 200.00% YOY.
According to the average analyst rating, Castle Brands Inc. would be rated as 2.50. Out of 2 different analysts monitoring ROX stock, 0 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 1 indicate that ROX is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On May-03-19, the stock earned a Resumed rating due to a new analyst call from Maxim Group, while analysts from Maxim Group believe that the stock is set at Hold, as concluded on Jan-17-19. ROTH Capital, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Feb-01-18.
Regardless of the rating, Barrington Research did increase their price from $1.80 to $2 as they are considering target share price analysis. Piper Jaffray, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Feb-11-08, giving the stock a Neutral from the Buy rating.
ROX Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +38.59% has been attained, while the operating margin has been recorded at +3.81%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 7.77%. Beta value of the stock is recorded at 0.56. Additionally, Castle Brands Inc. is recording price volatility of 6.27% for the period of the last seven days and 6.11% in the last 30 days.
Castle Brands Inc. (NYSE:ROX) Technical Outlook
For the period of the last 50 days, Castle Brands Inc. had its Raw Stochastic average set at 85.77% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 81.81%. Stochastic %K for Castle Brands Inc., with the last 20 days included, was set at 57.44%, having Stochastic %D topping 39.13%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Castle Brands Inc. stocks with recording -45.78% in metrics.
Castle Brands Inc. Insider Watch:
As far as the position of shares issued by Castle Brands Inc. (NYSE:ROX) for the period concluded at the market close of 08/21/19, 16 institutional investors increased their positions in ROX shares by 3,042,750, 34 decreased positions by 8,757,222 and 20 institutional investors decided to hold positions at 2,242,736. These numbers put the complete list of institutional holdings set at 14,042,708 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 9 institutional investments with 1,785,617 new shares in addition to having 18 institutional investors selling their positions in 1,241,374 shares.