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After finishing at $10.30 in the prior trading day, Corsair Gaming Inc (NASDAQ: CRSR) closed at $10.02, down -2.72%. In other words, the price has decreased by -$2.72 from its previous closing price. On the day, 0.66 million shares were traded. CRSR stock price reached its highest trading level at $10.255 during the session, while it also had its lowest trading level at $9.97.
Ratios:
Our goal is to gain a better understanding of CRSR 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 9.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.36. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.35.
On July 31, 2023, Wedbush Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $17.50 to $21.
On April 17, 2023, Goldman started tracking the stock assigning a Neutral rating and target price of $20.Goldman initiated its Neutral rating on April 17, 2023, with a $20 target price.
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 Jul 05 ’24 when Potter Michael G sold 1,947 shares for $10.33 per share. The transaction valued at 20,113 led to the insider holds 70,412 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRSR now has a Market Capitalization of 1080005760 and an Enterprise Value of 1195829120. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 0.908 whereas that against EBITDA is 615.455.
Stock Price History:
The Beta on a monthly basis for CRSR is 1.61, which has changed by -0.18470299 over the last 52 weeks, in comparison to a change of 0.07465422 over the same period for the S&P500. Over the past 52 weeks, CRSR has reached a high of $13.02, while it has fallen to a 52-week low of $5.59. The 50-Day Moving Average of the stock is 0.85%, while the 200-Day Moving Average is calculated to be 20.49%.
Shares Statistics:
The stock has traded on average 1.08M shares per day over the past 3-months and 916570 shares per day over the last 10 days, according to various share statistics. A total of 104.76M shares are outstanding, with a floating share count of 44.59M. Insiders hold about 57.48% of the company’s shares, while institutions hold 33.11% stake in the company. Shares short for CRSR as of 1740700800 were 3587704 with a Short Ratio of 3.33, compared to 1738281600 on 4207066. Therefore, it implies a Short% of Shares Outstanding of 3587704 and a Short% of Float of 7.93.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The dynamic stock of Corsair Gaming Inc (CRSR) is currently being evaluated by a team of 6.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is $0.03, with high estimates of $0.09 and low estimates of -$0.0.
Analysts are recommending an EPS of between $0.6 and $0.44 for the fiscal current year, implying an average EPS of $0.52. EPS for the following year is $0.77, with 6.0 analysts recommending between $0.84 and $0.71.
Revenue Estimates
5 analysts predict $366.2M in revenue for the current quarter. It ranges from a high estimate of $383.17M to a low estimate of $347.95M. As of the current estimate, Corsair Gaming Inc’s year-ago sales were $337.26MFor the next quarter, 5 analysts are estimating revenue of $314.02M. There is a high estimate of $332.84M for the next quarter, whereas the lowest estimate is $297.9M.
A total of 5 analysts have provided revenue estimates for CRSR’s current fiscal year. The highest revenue estimate was $1.53B, while the lowest revenue estimate was $1.47B, resulting in an average revenue estimate of $1.5B. In the same quarter a year ago, actual revenue was $1.32BBased on 5 analysts’ estimates, the company’s revenue will be $1.66B in the next fiscal year. The high estimate is $1.71B and the low estimate is $1.59B.
