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After finishing at $98.14 in the prior trading day, Cirrus Logic, Inc (NASDAQ: CRUS) closed at $99.29, up 1.17%. In other words, the price has increased by $1.17 from its previous closing price. On the day, 0.68 million shares were traded. CRUS stock price reached its highest trading level at $100.26 during the session, while it also had its lowest trading level at $98.23.
Ratios:
Our goal is to gain a better understanding of CRUS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.59. For the most recent quarter (mrq), Quick Ratio is recorded 4.16 and its Current Ratio is at 5.34. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
On October 10, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $140 to $120.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 19 ’24 when Baumgartner Jeffrey W sold 5,542 shares for $101.05 per share. The transaction valued at 560,019 led to the insider holds 10,381 shares of the business.
JEFFREY W BAUMGARTNER bought 5,542 shares of CRUS for $560,068 on Nov 19 ’24. On Aug 20 ’24, another insider, HANFORD DEIRDRE, who serves as the Director of the company, bought 15,515 shares for $137.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRUS now has a Market Capitalization of 5276260864 and an Enterprise Value of 4950609920. As of this moment, Cirrus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.86, and their Forward P/E ratio for the next fiscal year is 14.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.77 while its Price-to-Book (P/B) ratio in mrq is 2.74. Its current Enterprise Value per Revenue stands at 2.596 whereas that against EBITDA is 11.052.
Stock Price History:
The Beta on a monthly basis for CRUS is 0.91, which has changed by 0.27953064 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, CRUS has reached a high of $147.46, while it has fallen to a 52-week low of $75.92. The 50-Day Moving Average of the stock is -3.28%, while the 200-Day Moving Average is calculated to be -14.11%.
Shares Statistics:
The stock has traded on average 697.73K shares per day over the past 3-months and 619100 shares per day over the last 10 days, according to various share statistics. A total of 53.13M shares are outstanding, with a floating share count of 52.86M. Insiders hold about 0.54% of the company’s shares, while institutions hold 94.79% stake in the company. Shares short for CRUS as of 1736899200 were 1566802 with a Short Ratio of 2.25, compared to 1734048000 on 1364673. Therefore, it implies a Short% of Shares Outstanding of 1566802 and a Short% of Float of 4.42.
