Monitor The Insider Activity Of Casella Waste Systems Inc. (CWST)


As of Wednesday close, Casella Waste Systems Inc.’s (NASDAQ:CWST) stock was up $0.03, moving up 0.04 percent to $85.07. The average number of shares traded per day over the past five days has been 150,020 shares. 5 times new highs have been achieved over the past 5 days, with a $4.35 gain in that time frame. In the last twenty days, the average volume was 198,815, while in the previous 50 days, it was 220,688.

Since last month, CWST stock rose 8.74%. Shares of the company fell to $76.57 on 10/24/22, the lowest level in the past month. A 52-week high of $92.75 was reached on 03/11/22 after having rallying from a 52-week low of $63.90. Since the beginning of this year, CWST’s stock price has dropped by -0.41% or -$0.35, and marked a new high 5 times. However, the stock has declined by -8.28% since its 52-week high.

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CWST stock investors should be aware that Casella Waste Systems Inc. (CWST) stock had its last reported insider trading activity 14 days ago on Nov 10. BURKE MICHAEL K, the Director of the company, disposed of 4,320 shares for $82.45 on Nov 10. It resulted in a $356,183 divestment by the insider. CASELLA JOHN W sold 19,385 shares at an average price of $81.66 on Nov 10. The insider now owns 11,601 shares following the transaction. On Nov 07, VICE CHAIRMAN, BD OF DIRECTORS CASELLA DOUGLAS R sold 23,053 shares at $81.05 apiece. The transaction was valued at $1,868,435.

Valuation Metrics

Right now, Casella Waste Systems Inc. (CWST) has a P/E ratio of about 81.80. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 4.09, the price-to-book (PB) ratio of 9.03, and the price-to-cash flow ratio of 60.23 may also be considered.

Financial Health

In the three months ended September 29, Casella Waste Systems Inc.’s quick ratio stood at 1.10, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.19, and the total debt-to-equity ratio was 1.21. On the profitability front, the trailing twelve-month gross margin is 33.50% percent. In the year ended September 29, operating margins totaled 9.00%. Based on annual data, CWST earned $306.81 million in gross profit and brought in $889.21 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.20%. Return on equity (ROE) for the past 12 months was 11.90%.

In Casella Waste Systems Inc.’s quarter-end financial report for September 29, it reported total debt of $578.46 million against cash and short-term investments of $10.97 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CWST’s revenue rose 18.05% to $283.67 million during the quarter, while net income inched up to $295.27 million. While analysts expected Casella Waste Systems Inc. to report $0.36 quarterly earnings, the actual figure was $0.45 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated $69.31 million in EBITDA. The liabilities of Casella Waste Systems Inc. were 912.79 million at the end of its most recent quarter ended September 29, and its total debt was $652.23 million. The value of shareholders’ equity is $51.68 million.

Technical Picture

This quick technical analysis looks at Casella Waste Systems Inc.’s (CWST) price momentum. With a historical volatility rate of 24.65%, the RSI 9-day stood at 71.24% on 23 November.

With respect to its five-day moving average, the current Casella Waste Systems Inc. price is up by +5.39% percent or $4.35. At present, CWST shares trade +10.21% above its 20-day simple moving average and +17.66% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.36% above its SMA50 and +12.07% above its SMA200.

Stochastic coefficient K was 92.31% and Stochastic coefficient D was 81.47%, while ATR was 2.02. Given the Stochastic reading of 93.47% for the 14-day period, the RSI (14) reading has been calculated as 64.87%. As of today, the MACD Oscillator reading stands at 2.57, while the 14-day reading stands at 2.88.

Analyst Ratings

Casella Waste Systems Inc. (CWST) has been rated Overweight by analysts. According to 0 brokerage firms, CWST is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Casella Waste Systems Inc. stock as buy, with 3 recommending it as overweight.


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