As of close of business last night, Cricut Inc’s stock clocked out at $4.66, down -2.71% from its previous closing price of $4.79. In other words, the price has decreased by -$0.1300 from its previous closing price. On the day, 546619 shares were traded. CRCT stock price reached its highest trading level at $4.8500 during the session, while it also had its lowest trading level at $4.6500.
Ratios:
To gain a deeper understanding of CRCT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.56. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 3.37. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 21 when Abdiel Capital Management, LLC sold 1,000,000 shares for $4.83 per share. The transaction valued at 4,830,000 led to the insider holds 5,273,978 shares of the business.
Abdiel Capital Management, LLC sold 3,000,000 shares of CRCT for $18,300,000 on Jan 11. The 10% Owner now owns 6,273,978 shares after completing the transaction at $6.10 per share. On Jan 10, another insider, Abdiel Capital Management, LLC, who serves as the 10% Owner of the company, sold 52,092 shares for $6.35 each. As a result, the insider received 330,784 and left with 9,273,978 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 2.03B and an Enterprise Value of 891.40M. As of this moment, Cricut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.24, and their Forward P/E ratio for the next fiscal year is 15.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 1.09 whereas that against EBITDA is 9.20.
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 $4.76. The 50-Day Moving Average of the stock is 5.9385, while the 200-Day Moving Average is calculated to be 8.9773.
Shares Statistics:
It appears that CRCT traded 759.15K shares on average per day over the past three months and 780.88k shares per day over the past ten days. A total of 219.17M shares are outstanding, with a floating share count of 45.55M. Insiders hold about 79.22% of the company’s shares, while institutions hold 10.63% stake in the company. Shares short for CRCT as of Jan 31, 2024 were 6.12M with a Short Ratio of 8.06, compared to 6.67M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.79% and a Short% of Float of 19.23%.
Earnings Estimates
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.04, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.05, with high estimates of $0.06 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.25 and $0.23 for the fiscal current year, implying an average EPS of $0.25. EPS for the following year is $0.28, with 3 analysts recommending between $0.29 and $0.27.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $249.68M. It ranges from a high estimate of $255.34M to a low estimate of $243.7M. As of the current estimate, Cricut Inc’s year-ago sales were $280.76M, an estimated decrease of -11.10% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $192.63M, an increase of 6.30% over than the figure of -$11.10% in the same quarter last year. There is a high estimate of $223.3M for the next quarter, whereas the lowest estimate is $172.51M.
A total of 3 analysts have provided revenue estimates for CRCT’s current fiscal year. The highest revenue estimate was $789.24M, while the lowest revenue estimate was $777.6M, resulting in an average revenue estimate of $783.58M. In the same quarter a year ago, actual revenue was $886.3M, down -11.60% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $833.85M in the next fiscal year. The high estimate is $891.5M and the low estimate is $796.37M. The average revenue growth estimate for next year is up 6.40% from the average revenue estimate for this year.
