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 April 19, 2024, CWST stock price climbed to $93.43 with 206,198 million shares trading.

CWST has a beta of 0.76, meaning it tends to be less sensitive to market movements. CWST has a correlation of 0.14 to the broad based SPY ETF.

CWST has a market cap of $5.41 billion. This is considered a Mid Cap stock.

Last quarter Casella Waste Systems - Class A reported $360 million in Revenue and $.13 earnings per share. This fell short of revenue expectation by $-513,000 and missed earnings estimates by -$.03.

In the last 3 years, CWST stock traded as high as $100.29 and as low as $62.47.

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

CWST stock has underperformed the market in the last year with a return of +8.6%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CWST shares. However, CWST has outperformed the market in the last 3 month and 2 week periods, returning +11.0% and -0.5%, while SPY returned +4.3% and -3.5%, respectively. This indicates CWST has been having a stronger performance recently.

CWST support price is $90.98 and resistance is $93.76 (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 stock will trade within this expected range on the day.