CSPR - Can These 3 Things Awaken Casper Stock?
Consumers may be getting a good night's sleep on Casper Sleep (NYSE: CSPR) mattresses, but investors in the stock are missing out on beauty rest. In fact, they may be tossing and turning as they think of Casper's performance since its initial public offering in early 2020. The stock has tumbled more than 70% since.
Casper has increased revenue -- and it even reported record quarterly revenue in the second quarter. But supply-chain issues and raw-material costs have stood between the company and profitability goals.
Still, Casper is working on three areas that are likely to boost business moving forward. Could these three elements also awaken the stock ? Let's take a look at each.
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Can These 3 Things Awaken Casper Stock?