FreeCast Inc. (NASDAQ:CAST) shares are trending on Thursday night.
CAST shares jumped 87.50% to $3.15 after hours Thursday after the company signed a national distribution agreement with bulk streaming solution provider DIRECTV Multifamily.
A New Revenue Lane
Under the deal, FreeCast becomes a licensed distributor of DIRECTV streaming services covering apartments, condominiums, HOAs, student housing, and senior living communities. The agreement gives DIRECTV expanded reach through an established distribution partner while diversifying FreeCast’s revenue base.
The partnership also gives multifamily residents the option to upgrade to premium services through DIRECTV, including HBO Max (NASDAQ:WBD), Paramount+ (NASDAQ:PSKY), SHOWTIME, STARZ (STRZ), and MGM+ (MGM).
Trading Metrics, Technical Analysis
The Relative Strength Index (RSI) of FreeCast stands at 17.23.
With a market capitalization of $68.64 million, the Florida-based media infrastructure company has a 52-week range of $1.63 to $33.
Over the past 12 months, the small-cap stock has dropped 81.60%.
Currently, CAST is trading close to its annual low.
CAST’s sharp decline and weak positioning point to continued pressure, indicating higher risk and the need for clear signs of recovery before investor confidence can return.
Price Action: The stock closed the regular session down 28.51% at $1.68, according to Benzinga Pro.
Benzinga’s Edge Stock Rankings indicate that CAST has a negative price trend across all time frames.
Photo Courtesy: Rneaw on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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