FreeCast (Direct Listing) (NASDAQ:CAST) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of FreeCast (Direct Listing) (NASDAQ:CAST) crossed 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.

Wall Street Analysts Forecast Growth

CAST has been the topic of a number of recent research reports. Wall Street Zen upgraded FreeCast (Direct Listing) from a “sell” rating to a “hold” rating in a research note 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 research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.00.

FreeCast (Direct Listing) Stock Performance

The stock’s fifty day moving average price is $1.26 and its two-hundred day moving average price is $2.33. The company has a market cap of $69.07 million and a P/E ratio of -2.47.

FreeCast (Direct Listing) (NASDAQ:CAST) last issued its quarterly earnings results on Monday, September 28th. The company reported ($0.37) earnings per share (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. On average, equities research analysts forecast that FreeCast will post -0.23 EPS for the current year.

About FreeCast (Direct Listing)

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.