|Bid||3.7100 x 1300|
|Ask||3.7700 x 1800|
|Day's Range||3.7000 - 3.8700|
|52 Week Range||3.7000 - 12.0000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Wedbush analyst Seth Basham downgraded Casper Sleep Inc (NYSE: CSPR) to Neutral from Outperform with a price target of $4, down from $10.50. The analyst noted that on Friday, Casper filed an 8-K indicating that it had received a limited waiver and amendment regarding certain covenants in its debt agreement. The lender has agreed to waive the requirement for the company to maintain at least $32 million in cash for the period beginning October 18, 2021, and ending on December 31, 2021, as long as
You may have overlooked Casper Sleep (NYSE: CSPR) as an investment. After all, it has a small market cap of only $182 million, and it's gone to penny stock status. Casper is one of several companies that make mattress technology products, offering the chance for a highly pleasurable sleep experience in exchange for your cash and confidence.
Casper Sleep (NYSE: CSPR) has enjoyed consistent, double-digit annual revenue growth since the mattress company began in 2014. In February of 2021, the company went public through a special purpose acquisition company (SPAC) merger. Unfortunately for investors, growing demand for Casper products has not translated to market-beating stock performance.