What Casper Sleep Inc. (CSPR) Insiders Are Up To

Casper Sleep Inc. (NYSE:CSPR) traded with a subtraction of -$0.33 to $5.85 on Friday, a downside of -5.34 percent. An average of 2,456,955 shares of common stock have been traded in the last five days. There was a fall of -$0.93 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,210,384 shares traded, while the 50-day average volume stands at 1,849,742.

CSPR stock has decreased by -1.75% in the last month. The company shares reached their 1-month lowest point of $5.74 on 01/14/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $3.18 and a high of $12.00 in 52 weeks. It has reached a new high 3 times so far this year and lost -7.49% or -$0.93 in price. In spite of this, the price is down -51.25% from the 52-week high.

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Insider Transactions

122 days have passed since Casper Sleep Inc. (CSPR) last reported insider trading activity. MONAHAN MICHAEL P., who is Chief Financial Officer, most recently acquired $10,956 shares at $5.20 per share on Sep 14. In this transaction, the insider spent $56,971. Director, Parikh Neil, disposed of 10,000 shares at a price of $8.21 on Jul 01. The insider now owns more than $82,074 worth of shares. Prior to that, Director Parikh Neil went on to Sale 5,804 shares at $12.00 each on Jun 08. An amount of $69,648 was transacted.

Valuation Metrics

Casper Sleep Inc. (CSPR) has a trailing price-to-earnings (P/E) ratio of 17.72 for the broader industry and 29.73 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.44.

The quick ratio of Casper Sleep Inc. for the three months ended September 29 was 0.50, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Casper Sleep Inc.’s EBITDA margin for the year ending September 29 is -12.07%, while its operating margin for the same period stands at -15.20%. Its gross profit as reported stood at $253.88 million compared to revenue of $497.0 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Casper Sleep Inc.’s return on assets was -43.30%. For the broader industry, ROE averaged 6.74 over the past year.

Earnings Surprise

For the three-month period that ended September 29, Casper Sleep Inc. had $50.8 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$25.27 million in the quarter, while revenues of -$33.75 million were grew 37.24%. The analyst consensus anticipated Casper Sleep Inc.’s latest quarter earnings to come in at -$0.43 per share, but it turned out to be -$0.61, a -41.90% surprise. For the quarter, EBITDA amounted to -$18.77 million. Shareholders own equity worth $41.49 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Casper Sleep Inc. (CSPR) price momentum. RSI 9-day as of the close on 13 January was 15.00%, suggesting the stock is oversold, with historical volatility in this time frame at 43.77%.

As of today, CSPR’s price is $6.23 -14.00% or -$0.93 from its 5-day moving average. CSPR is currently trading -13.74% lower than its 20-day SMA and +11.55% higher than its 100-day SMA. However, the stock’s current price level is +40.81% above the SMA50 and -20.76% below the SMA200.

The stochastic %K and %D were 28.55% and 44.50%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 0.50% and the average true range at 0.18, the RSI (14) stands at 26.96%. The stock has reached -0.32 on the 9-day MACD Oscillator while the 14-day reading was at -0.40.

Analyst Ratings

Piper Sandler downgraded Casper Sleep Inc. (NYSE: CSPR) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Casper Sleep Inc. (CSPR) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CSPR, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is CSPR’s price target for the next 12 months?

Analysts predict a range of price targets between $6.90 and $6.90, with a median target of $6.90. Taking a look at these predictions, the average price target given by analysts for Casper Sleep Inc. (CSPR) stock is $6.90.


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