Chicken Soup for the Soul Entertainment Inc (NASDAQ:CSSE) traded at $0.24 at close of the session on Friday, April 26, made a downward move of -7.00% on its previous day’s price.
Looking at the stock we see that its previous close was $0.26 . In terms of its 52-week price range, CSSE has a high of $1.99 and a low of $0.13. The company’s stock has gained about 52.08% over that past 30 days.
Chicken Soup for the Soul Entertainment Inc has a market cap of $7.79 million. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at -$6.21 for 2023 and -$4.72 for next year. These figures represent 3.70% and 24.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $39.17 million, with a low of $136 million and a high of $136 million. The median projection represents growth adding up to -65.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $294.41 million, or 16.50% up from figures reported last year.
On the other hand, looking at the outlook for the CSSE stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.
Looking further, we note the current price level is 41.65% off its SMA20 and 37.85% from its 50-day simple moving average. The RSI (14) is pointing at 56.49 while the volatility over the past week is 46.84% and jumps to 19.82% over the past one month. The beta value is 1.09, while the average true range (ATR) is currently pointing at 0.05.
Coming back to Chicken Soup for the Soul Entertainment Inc (NASDAQ:CSSE), we note that the average 3-month trading volume was 4.15 million. Current shares outstanding are 24.73 million.
The insiders hold 42.83% of the company’s shares while institutions hold 4.31%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 10.21% up in year-to-date price movement.
