After finishing at $4.88 in the prior trading day, Cricut Inc (NASDAQ: CRCT) closed at $4.68, down -4.10%. In other words, the price has decreased by -$0.2000 from its previous closing price. On the day, 556896 shares were traded.
Ratios:
Our goal is to gain a better understanding of CRCT 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 4.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.84. For the most recent quarter (mrq), Quick Ratio is recorded 1.91 and its Current Ratio is at 3.16. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on December 13, 2023, initiated with a Neutral rating and assigned the stock a target price of $7.
On August 28, 2023, Citigroup started tracking the stock assigning a Neutral rating and target price of $10.50.
Robert W. Baird Downgraded its Outperform to Neutral on March 09, 2022, whereas the target price for the stock was revised from $38 to $13.
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 Mar 07 ’24 when Abdiel Capital Management, LLC sold 5,273,978 shares for $4.45 per share. The transaction valued at 23,469,202 led to the insider holds 0 shares of the business.
Abdiel Capital Management, LLC sold 1,000,000 shares of CRCT for $4,830,000 on Feb 21 ’24. The 10% Owner now owns 5,273,978 shares after completing the transaction at $4.83 per share. On Jan 11 ’24, another insider, Abdiel Capital Management, LLC, who serves as the 10% Owner of the company, sold 3,000,000 shares for $6.10 each. As a result, the insider received 18,300,000 and left with 6,273,978 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRCT now has a Market Capitalization of 1.06B and an Enterprise Value of 829.17M. As of this moment, Cricut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.16, and their Forward P/E ratio for the next fiscal year is 16.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 1.08 whereas that against EBITDA is 7.53.
Stock Price History:
Over the past 52 weeks, CRCT has reached a high of $16.51, while it has fallen to a 52-week low of $4.43. The 50-Day Moving Average of the stock is 5.2282, while the 200-Day Moving Average is calculated to be 8.5458.
Shares Statistics:
The stock has traded on average 925.94K shares per day over the past 3-months and 915.95k shares per day over the last 10 days, according to various share statistics. A total of 51.41M shares are outstanding, with a floating share count of 42.23M. Insiders hold about 80.52% of the company’s shares, while institutions hold 7.86% stake in the company. Shares short for CRCT as of Feb 29, 2024 were 5.75M with a Short Ratio of 6.21, compared to 6.12M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.64% and a Short% of Float of 18.08%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.04, while EPS last year was $0.04. The consensus estimate for the next quarter is $0.06, with high estimates of $0.07 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.25 and $0.21 for the fiscal current year, implying an average EPS of $0.23. EPS for the following year is $0.29, with 4 analysts recommending between $0.36 and $0.26.
Revenue Estimates
3 analysts predict $173.71M in revenue for the current quarter. It ranges from a high estimate of $179.2M to a low estimate of $167.05M. As of the current estimate, Cricut Inc’s year-ago sales were $181.23M, an estimated decrease of -4.10% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $172.18M, a decrease of -3.10% over than the figure of -$4.10% in the same quarter last year. There is a high estimate of $178.4M for the next quarter, whereas the lowest estimate is $162.55M.
A total of 4 analysts have provided revenue estimates for CRCT’s current fiscal year. The highest revenue estimate was $762.9M, while the lowest revenue estimate was $729.38M, resulting in an average revenue estimate of $751.01M. In the same quarter a year ago, actual revenue was $765.15M, down -1.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $782.53M in the next fiscal year. The high estimate is $814.7M and the low estimate is $758.93M. The average revenue growth estimate for next year is up 4.20% from the average revenue estimate for this year.
