Casella Waste Systems, Inc. (NASDAQ:CWST) shares, rose in value, with the stock price down by -4.52% to the previous day’s close as strong demand from buyers drove the stock to $90.06.
Actively observing the price movement in the last trading, the stock closed the session at $94.32. The PE ratio was 286.45 over 12-month period. Referring to stock’s 52-week performance, its high was $100.29, and the low was $72.97. On the whole, CWST has fluctuated by -8.83% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CWST’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 19.22, with the price of CWST currently trading nearly -5.31% and -4.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.55, while the 7-day volatility ratio is showing 3.24% which for the 30-day chart, stands at 2.31%. Furthermore, Casella Waste Systems, Inc. (CWST)’s beta value is 0.91, and its average true range (ATR) is 2.31.
A comparison of Casella Waste Systems, Inc. (CWST) with its peers suggests the former has fared considerably weaker in the market. CWST showed an intraday change of -4.52% in last session, and over the past year, it grew by 4.03%%.
Data on historical trading for Casella Waste Systems, Inc. (NASDAQ:CWST) indicates that the trading volumes over the past 3 months, they’ve averaged 287.79K. According to company’s latest data on outstanding shares, there are 57.01 million shares outstanding.
Nearly 2.75% of Casella Waste Systems, Inc.’s shares belong to company insiders and institutional investors own 101.18% of the company’s shares. The stock has risen by 5.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CWST stock heading into the next quarter.
