FreeCast Stock Tumbles Toward $1: What CAST Investors Face Next After the Long Weekend
FreeCast shares fell 19.8% Friday to $1.01, closing out a weeklong drop of nearly 30% as trading volume jumped ahead of the Memorial Day market holiday. The company reported $92,909 in revenue and a $4.53 million net loss for the quarter, with auditors warning of “substantial doubt” about its ability to continue operating. The Nasdaq and S&P 500 both rose Friday. FreeCast’s after-hours quote stood at $1.05.