CWST Stock Summary and Trading Ideas (Casella Waste Systems - Class A | NASDAQ:CWST)

Casella Waste Systems Inc is a solid waste removal company, providing resource management services to residential, commercial, municipal, and industrial customers. The company's reportable segments on Geographical basis include Eastern, Western and Mid-Atlantic regions through the Resource solution segment. It generates maximum revenue from the Western region segment. The company services include Recycling, Collection, Organics, Energy, Landfills, Special Waste as well as Professional Services.

Casella Waste Systems - Class A trades on the NASDAQ stock market under the symbol CWST.

As of October 4, 2024, CWST stock price declined to $98.95 with 178,858 million shares trading.

CWST has a beta of 0.70, meaning it tends to be less sensitive to market movements. CWST has a correlation of 0.17 to the broad based SPY ETF.

CWST has a market cap of $6.26 billion. This is considered a Mid Cap stock.

Last quarter Casella Waste Systems - Class A reported $377 million in Revenue and $.22 earnings per share. This beat revenue expectation by $3 million and missed earnings estimates by -$.06.

In the last 3 years, CWST traded as high as $109.09 and as low as $63.90.

The top ETF exchange traded funds that CWST belongs to (by Net Assets): VTI, IWM, VB, VXF, VBK.

CWST has underperformed the market in the last year with a price return of +31.6% while the SPY ETF gained +36.6%. CWST has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.0% and -0.9%, respectively, while the SPY returned +4.2% and +0.8%, respectively.

CWST support price is $97.63 and resistance is $100.87 (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 CWST shares will trade within this expected range on the day.