FreeCast (Direct Listing) (NASDAQ:CAST) Shares Cross Below Fifty Day Moving Average – Time to Sell?

FreeCast (Direct Listing) (NASDAQ:CAST) shares crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $1.22 and traded as low as $1.09. FreeCast (Direct Listing) shares last traded at $1.10, with a volume of 282,260 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CAST. Wall Street Zen raised 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 report on Monday, September 14th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, FreeCast (Direct Listing) presently has a consensus rating of “Hold” and a consensus target price of $6.00.

FreeCast (Direct Listing) Trading Down 11.3%

The company has a market capitalization of $55.87 million and a price-to-earnings ratio of -2.00. The firm’s fifty day simple moving average is $1.22 and its two-hundred day simple moving average is $2.27.

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.