(CSTE) Caesarstone - Ratings and Ratios

Caesarstone Ltd is a global manufacturer and distributor of engineered stone and porcelain products, operating under its brand name and others across multiple regions, including the Americas, Australia, Asia, Europe, the Middle East, Africa, and Israel. The companys product portfolio includes countertops, sinks, and various fabrication tools and materials, which are utilized in a range of residential and non-residential applications, such as kitchen and bathroom surfaces, wall panels, and flooring. Caesarstones products are known for their non-porous characteristics, scratch and heat resistance, and are sold directly to wholesalers, resellers, and fabricators through a combination of direct sales force and independent distributors.

From a market perspective, Caesarstone operates within the Building Products sub-industry, and its stock is listed on NASDAQ under the ticker symbol CSTE. The company has undergone significant changes since its inception in 1987, including a name change from Caesarstone Sdot Yam Ltd to Caesarstone Ltd in 2016. With its headquarters located in Menashe, Israel, Caesarstone has established a global presence, catering to diverse customer needs across various regions.

Analyzing the available and , we can observe that Caesarstones stock has experienced significant volatility, with its last price standing at $2.07, representing a substantial decline from its 52-week high of $6.38. The stocks short-term and long-term moving averages (SMA20: $2.49, SMA50: $2.67, SMA200: $3.99) indicate a downward trend, while the Average True Range (ATR) of 0.22 (10.51%) suggests moderate volatility. From a fundamental standpoint, Caesarstones Market Cap stands at $76.20M USD, with a Forward P/E ratio of 8.69, indicating a relatively low valuation. However, the companys Return on Equity (RoE) is negative (-15.87%), raising concerns about its profitability.

Based on the available data, a forecast for Caesarstones stock performance can be formulated. Considering the downward trend indicated by the moving averages and the negative RoE, it is likely that the stock will continue to face downward pressure in the short term. However, the relatively low Forward P/E ratio and the companys established global presence may provide a foundation for potential long-term recovery. A possible trading strategy could involve monitoring the stocks price action around the $2.07 level, with a potential buy signal emerging if the stock demonstrates a sustained bounce from this level, accompanied by improved fundamental performance.