CS Disco, Inc. (NYSE:LAW – Get Free Report) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 609,900 shares, a drop of 20.2% from the October 15th total of 763,900 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 123,200 shares, the short-interest ratio is presently 5.0 days.
CS Disco Trading Down 3.5 %
LAW stock traded down $0.20 during trading hours on Friday, hitting $5.48. 200,136 shares of the stock traded hands, compared to its average volume of 123,862. The stock has a 50-day simple moving average of $5.85 and a 200 day simple moving average of $5.90. CS Disco has a one year low of $4.71 and a one year high of $8.80.
CS Disco (NYSE:LAW – Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $36.27 million during the quarter, compared to analyst estimates of $36.33 million. CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. CS Disco’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) earnings per share. On average, sell-side analysts expect that CS Disco will post -0.69 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several research firms have commented on LAW. Needham & Company LLC reissued a “buy” rating and set a $8.00 target price on shares of CS Disco in a research note on Thursday, November 7th. Jefferies Financial Group raised their price objective on shares of CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th.
Get Our Latest Analysis on CS Disco
CS Disco Company Profile
CS Disco, Inc provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. It offers DISCO Request, a solution that automates response compliance for legal requests; and DISCO Ediscovery, a solution that automates the ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters.
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