CAST is trading at $3.30 (5.7% down) in pre-market, extending a multi-day slide as the stock faces pressure from a critical short-seller report and a cooling of recent speculative momentum.
- Fugazi Research released a report arguing the company is extremely overvalued and detached from financial reality, while highlighting significant going-concern risks.
- The decline follows a surge tied to Starlink and DIRECTV distribution headlines, which are now being reassessed by investors in light of weak underlying fundamentals.