CSTE Stock Summary and Trading Ideas (Caesarstone Ltd. - | NASDAQ:CSTE)

Caesarstone Ltd manufactures engineered quartz surfaces. Its products include engineered quartz and porcelain slabs, which are used as kitchen countertops in renovation and remodeling, and residential construction. It also has other applications, including vanity tops, wall panels, backsplashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications. The company sells its products under the Caesarstone brand. Caesarstone's geographical segments are the United States, Canada, Latin America, Australia, Asia, Israel, and EMEA(Europe, Middle East, Africa).

Caesarstone Ltd. - trades on the NASDAQ stock market under the symbol CSTE.

As of April 25, 2024, CSTE stock price declined to $6.27 with 99,162 million shares trading.

CSTE has a beta of 0.02, meaning it tends to be less sensitive to market movements. CSTE has a correlation of 0.00 to the broad based SPY ETF.

CSTE has a market cap of $216.39 million. This is considered a Small Cap stock.

Last quarter Caesarstone Ltd. - reported $129 million in Revenue and -$.28 earnings per share. This beat revenue expectation by $3 million and missed earnings estimates by -$.11.

In the last 3 years, CSTE stock traded as high as $19.80 and as low as $3.50.

The top ETF exchange traded funds that CSTE belongs to (by Net Assets): IWC, AVDE, AVDS.

CSTE has outperformed the market in the last year with a price return of +59.1% while the SPY ETF gained +23.6%. CSTE has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +52.6% and +2.0%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

CSTE support price is $6.38 and resistance is $7.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CSTE stock will trade within this expected range on the day.