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The price of Cricut Inc (NASDAQ: CRCT) closed at $5.29 in the last session, up 1.73% from day before closing price of $5.20. In other words, the price has increased by $1.73 from its previous closing price. On the day, 0.6 million shares were traded. CRCT stock price reached its highest trading level at $5.48 during the session, while it also had its lowest trading level at $5.05.
Ratios:
We take a closer look at CRCT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.34. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1146702720 and an Enterprise Value of 896372736. As of this moment, Cricut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.66, and their Forward P/E ratio for the next fiscal year is 18.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.50 while its Price-to-Book (P/B) ratio in mrq is 2.16. Its current Enterprise Value per Revenue stands at 1.172 whereas that against EBITDA is 8.151.
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 6.40%, while the 200-Day Moving Average is calculated to be -30.37%.
Shares Statistics:
According to the various share statistics, CRCT traded on average about 852.07K shares per day over the past 3-months and 733270 shares per day over the past 10 days. A total of 51.41M shares are outstanding, with a floating share count of 41.91M. Insiders hold about 80.67% of the company’s shares, while institutions hold 7.90% stake in the company. Shares short for CRCT as of 1711584000 were 3804449 with a Short Ratio of 4.46, compared to 1709164800 on 5750030. Therefore, it implies a Short% of Shares Outstanding of 3804449 and a Short% of Float of 8.1999995.
