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NASDAQ:CSTL

Castle Biosciences (CSTL) Stock Price, News & Analysis

$23.15
+0.12 (+0.52%)
(As of 06/7/2024 ET)
Today's Range
$22.71
$23.26
50-Day Range
$18.84
$24.94
52-Week Range
$12.07
$25.91
Volume
246,802 shs
Average Volume
242,348 shs
Market Capitalization
$639.17 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$30.80

Castle Biosciences MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
33.0% Upside
$30.80 Price Target
Short Interest
Healthy
4.67% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.87mentions of Castle Biosciences in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.08 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.70) to ($1.88) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.77 out of 5 stars

Medical Sector

481st out of 905 stocks

Medical Laboratories Industry

11th out of 19 stocks

CSTL stock logo

About Castle Biosciences Stock (NASDAQ:CSTL)

Castle Biosciences, Inc., a molecular diagnostics company, provides testing solutions for the diagnosis and treatment of dermatologic cancers, Barrett's esophagus, uveal melanoma, and mental health conditions. It offers DecisionDx-Melanoma, a risk stratification gene expression profile (GEP) test to identify the risk of metastasis for patients diagnosed with invasive cutaneous melanoma; DecisionDx-SCC, a proprietary risk stratification GEP test for patients with cutaneous squamous cell carcinoma; MyPath Melanoma, a test used for patients with difficult-to-diagnose melanocytic lesions; and TissueCypher, a spatial omics test to predict future development of high-grade dysplasia and/or esophageal cancer in patients with non-dysplastic, indefinite dysplasia, or low-grade dysplasia Barrett's esophagus. In addition, the company provides DecisionDx-UM test, a proprietary risk stratification GEP test that predicts the risk of metastasis for patients with uveal melanoma; and IDgenetix, a pharmacogenomic test that helps guide drug treatment for major depressive disorder, schizophrenia, bipolar disorder, anxiety disorders, social phobia, obsessive-compulsive personality disorder, post-traumatic stress disorder, and attention deficit hyperactivity disorder. It offers its products to skin cancer, gastroenterology, and mental health markets. The company was incorporated in 2007 and is headquartered in Friendswood, Texas.

CSTL Stock Price History

CSTL Stock News Headlines

Castle Biosciences earnings: here's what Wall Street expects
CSTL Castle Biosciences, Inc.
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Company Calendar

Last Earnings
5/02/2024
Today
6/08/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Medical laboratories
Sub-Industry
N/A
Current Symbol
NASDAQ:CSTL
Fax
N/A
Employees
610
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.80
High Stock Price Target
$37.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+33.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-57,470,000.00
Pretax Margin
-12.23%

Debt

Sales & Book Value

Annual Sales
$219.79 million
Book Value
$14.54 per share

Miscellaneous

Free Float
25,619,000
Market Cap
$639.17 million
Optionable
Optionable
Beta
0.95
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CSTL Stock Analysis - Frequently Asked Questions

Should I buy or sell Castle Biosciences stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Castle Biosciences in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CSTL shares.
View CSTL analyst ratings
or view top-rated stocks.

What is Castle Biosciences' stock price target for 2024?

4 brokers have issued 12-month target prices for Castle Biosciences' shares. Their CSTL share price targets range from $25.00 to $37.00. On average, they anticipate the company's share price to reach $30.80 in the next twelve months. This suggests a possible upside of 33.0% from the stock's current price.
View analysts price targets for CSTL
or view top-rated stocks among Wall Street analysts.

How have CSTL shares performed in 2024?

Castle Biosciences' stock was trading at $21.58 on January 1st, 2024. Since then, CSTL stock has increased by 7.3% and is now trading at $23.15.
View the best growth stocks for 2024 here
.

Are investors shorting Castle Biosciences?

Castle Biosciences saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,290,000 shares, a decline of 10.4% from the April 30th total of 1,440,000 shares. Based on an average trading volume of 255,900 shares, the short-interest ratio is presently 5.0 days.
View Castle Biosciences' Short Interest
.

When is Castle Biosciences' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our CSTL earnings forecast
.

How were Castle Biosciences' earnings last quarter?

Castle Biosciences, Inc. (NASDAQ:CSTL) issued its quarterly earnings results on Thursday, May, 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.37) by $0.28. The company had revenue of $72.97 million for the quarter, compared to analysts' expectations of $68.34 million. Castle Biosciences had a negative trailing twelve-month return on equity of 7.91% and a negative net margin of 12.28%.

What ETF holds Castle Biosciences' stock?

iShares U.S. Healthcare Providers ETF holds 34,483 shares of CSTL stock, representing 0.11% of its portfolio.

What guidance has Castle Biosciences issued on next quarter's earnings?

Castle Biosciences updated its FY 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $255.0 million-$265.0 million, compared to the consensus revenue estimate of $237.6 million.

What other stocks do shareholders of Castle Biosciences own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Castle Biosciences investors own include AbbVie (ABBV), Advanced Micro Devices (AMD), NVIDIA (NVDA), Block (SQ), DexCom (DXCM), QUALCOMM (QCOM), Teladoc Health (TDOC), Applied Materials (AMAT), Incyte (INCY) and Intel (INTC).

When did Castle Biosciences IPO?

Castle Biosciences (CSTL) raised $50 million in an IPO on Thursday, July 25th 2019. The company issued 3,300,000 shares at $14.00-$16.00 per share. SVB Leerink and Baird served as the underwriters for the IPO and Canaccord Genuity and BTIG were co-managers.

Who are Castle Biosciences' major shareholders?

Castle Biosciences' stock is owned by a variety of institutional and retail investors. Top institutional investors include Wasatch Advisors LP (9.29%), Principal Financial Group Inc. (5.58%), Vanguard Group Inc. (5.41%), Bellevue Group AG (4.42%), Jacobs Levy Equity Management Inc. (1.93%) and Acadian Asset Management LLC (0.76%). Insiders that own company stock include Adam Jay Sussman, Bernhard E Spiess, Daniel Bradbury, David S Kabakoff, Derek J Maetzold, Derek J Maetzold, Ellen Goldberg, Frank Stokes, Jeffrey E Eberwein, Kristen M Oelschlager, Tiffany Olson and Tobin W Juvenal.
View institutional ownership trends
.

How do I buy shares of Castle Biosciences?

Shares of CSTL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CSTL) was last updated on 6/8/2024 by MarketBeat.com Staff

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