Castle Brands Board (ROX)

[FUNMAN]

There has never seen so much "ink" written about ROX as there has recently.

Dramatic Twists Could Upend, But Investors Shy Away: Castle Brands Inc. (ROX), Weibo Corporation (WB)
By William Tyler -May 24, 2019

https://www.postanalyst.com/2019/05/24/dramatic-twists-could-upend-but-investors-shy-away-castle-brands-inc-rox-weibo-corporation-wb/

Castle Brands Inc. (NYSE:ROX) recent drop took place on significantly more volume which surged nearly 457778 contracts on 23-May-19 versus its daily average of 384040. The first sale was made at $0.6 but later the stock became weaker, and closed with a fall of -7.11%. It was last traded at $0.52 apiece.

Castle Brands Inc. (ROX): Outperform Candidate With 178.85% Upside Potential

Castle Brands Inc. is maintained at an average outperform rating by 2 stock analysts, and there are at least 6.29% of shares outstanding that are currently legally short sold. The shares went down by -20.56% in value last month. Year-to-date it plunged -38.82%. Analysts are turning out to be more optimistic than before, with 1 of analysts who cover Castle Brands Inc. (NYSE:ROX) advice adding it to buy candidate list. Wall Street experts also assign a $1.45 price target on Castle Brands Inc., pointing towards a 178.85% rally from current levels. The stock is trading for about -63.36% less than its 52-week high.

Revenue scored 10.68% growth from the previous quarter, coming up with $25.8 million.

ROX Retreats -21.7% In A Week
This company shares (ROX) so far managed to recover -3.65% since collapsing to its 52-week low. Over a week, it has seen its stock price volatility to stay at 10.8% while widening the period to a month, volatility was 8.98%. The share price has yet to cross its 20 days moving average, floating at a distance of -16.31% and sits -23.08% lower versus its 50 days moving average. When looking at the past five sessions, the stock returned -21.7% losses and is down by -40.52% compared with its 200-day moving average of $0.7928. Also, Castle Brands Inc. (ROX) needs to overturn a -57.35% decrease it experienced over the past twelve months.