FreeCast (Direct Listing) (NASDAQ:CAST) Issues Earnings Results

FreeCast (Direct Listing) (NASDAQ:CAST) announced its earnings results on Thursday. The company reported ($0.11) EPS for the quarter, FiscalAI reports. The business had revenue of $0.09 million for the quarter.

FreeCast (Direct Listing) Price Performance

Shares of NASDAQ CAST traded down $0.42 during midday trading on Friday, reaching $1.44. The stock had a trading volume of 166,889 shares, compared to its average volume of 668,063. The business’s 50-day simple moving average is $3.17. FreeCast has a 12-month low of $1.36 and a 12-month high of $33.00.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen cut shares of FreeCast (Direct Listing) from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Maxim Group began coverage on shares of FreeCast (Direct Listing) in a research note on Friday, April 24th. They issued a “buy” rating and a $6.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $6.00.

FreeCast (Direct Listing) Company Profile

FreeCast, Inc is a digital media and streaming-technology company that operates a platform for aggregated video content and content discovery. The company focuses on enabling consumers to find and access free, ad-supported and subscription video across connected TVs, mobile devices and the web through a unified interface. FreeCast’s offering is positioned to address fragmentation in the streaming ecosystem by simplifying discovery and centralizing access to disparate streaming sources.

Its core activities center on content aggregation, distribution and monetization tools for both end users and business partners.