Chicken Soup for the Soul Entertainment Inc. (NASDAQ: CSSE) stock fell -5.63% on Wednesday to $1.34 against a previous-day closing price of $1.42. With 0.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $1.4200 whereas the lowest price it dropped to was $1.2800. The 52-week range on CSSE shows that it touched its highest point at $15.89 and its lowest point at $1.28 during that stretch. It currently has a 1-year price target of $7.79. Beta for the stock currently stands at 1.33.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CSSE was down-trending over the past week, with a drop of -12.99%, but this was down by -27.17% over a month. Three-month performance dropped to -72.20% while six-month performance fell -79.94%. The stock lost -77.63% in the past year, while it has lost -73.83% so far this year. A look at the trailing 12-month EPS for CSSE yields -7.96 with Next year EPS estimates of -5.25. For the next quarter, that number is -1.58. This implies an EPS growth rate of -63.00% for this year and 15.30% for next year.
Float and Shares Shorts:
At present, 21.25 million CSSE shares are outstanding with a float of 11.39 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.41 million, which was 5.02% higher than short shares on Mar 30, 2023. In addition to Mr. William J. Rouhana Jr. as the firm’s Chairman & CEO, Mr. Jason Meier serves as its CFO & Chief Accounting Officer.
Institutional Ownership:
Through their ownership of 39.60% of CSSE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 18.84% of CSSE, in contrast to 16.52% held by mutual funds. Shares owned by individuals account for 13.67%. As the largest shareholder in CSSE with 6.94% of the stake, Granahan Investment Management, L holds 1,379,179 shares worth 1,379,179. A second-largest stockholder of CSSE, Royce & Associates LP, holds 1,193,982 shares, controlling over 6.00% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CSSE, holding 651,117 shares or 3.27% stake. With a 2.70% stake in CSSE, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 536,840 shares are owned by the mutual fund manager. The Granahan Funds Plc – US SMID Sele, which owns about 2.38% of CSSE stock, is the second-largest Mutual Fund holder. It holds 473,117 shares valued at 0.84 million. JNL Multi-Manager Small Cap Growt holds 2.35% of the stake in CSSE, owning 467,728 shares worth 0.83 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CSSE reported revenue of $37.64M and operating income of -$16.74M. The EBITDA in the recently reported quarter was -$3.37M and diluted EPS was -$1.39.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CSSE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CSSE analysts setting a high price target of $16.00 and a low target of $3.50, the average target price over the next 12 months is $7.79. Based on these targets, CSSE could surge 1094.03% to reach the target high and rise by 161.19% to reach the target low. Reaching the average price target will result in a growth of 481.34% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded CSSE stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 234,500 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 255,680 while 4,980,000 shares were sold.
