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In the latest session, Cricut Inc (NASDAQ: CRCT) closed at $5.97 up 0.84% from its previous closing price of $5.92. In other words, the price has increased by $0.84 from its previous closing price. On the day, 0.84 million shares were traded. CRCT stock price reached its highest trading level at $6.05 during the session, while it also had its lowest trading level at $5.865.
Ratios:
For a deeper understanding of Cricut Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.52 and its Current Ratio is at 2.21. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 14 ’24 when Ashish Arora sold 57,493 shares for $5.86 per share. The transaction valued at 337,127 led to the insider holds 2,539,450 shares of the business.
Ashish Arora sold 38,495 shares of CRCT for $228,795 on Aug 16 ’24. The Chief Executive Officer now owns 2,505,840 shares after completing the transaction at $5.94 per share. On Aug 15 ’24, another insider, Ashish Arora, who serves as the Chief Executive Officer of the company, sold 33,610 shares for $5.99 each. As a result, the insider received 201,489 and left with 2,505,840 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 1291716864 and an Enterprise Value of 993265472. As of this moment, Cricut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.18, and their Forward P/E ratio for the next fiscal year is 19.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 2.88. Its current Enterprise Value per Revenue stands at 1.34 whereas that against EBITDA is 7.443.
Stock Price History:
Over the past 52 weeks, CRCT has reached a high of $9.21, while it has fallen to a 52-week low of $4.11. The 50-Day Moving Average of the stock is 0.49%, while the 200-Day Moving Average is calculated to be 4.83%.
Shares Statistics:
For the past three months, CRCT has traded an average of 690.83K shares per day and 871060 over the past ten days. A total of 51.41M shares are outstanding, with a floating share count of 45.68M. Insiders hold about 78.95% of the company’s shares, while institutions hold 10.70% stake in the company. Shares short for CRCT as of 1722384000 were 3981979 with a Short Ratio of 5.76, compared to 1719532800 on 3760806. Therefore, it implies a Short% of Shares Outstanding of 3981979 and a Short% of Float of 8.1199996.
Dividends & Splits
According to the company, the forward annual dividend rate for CRCT is 0.10, from 0.1 in the trailing year. Against a Trailing Annual Dividend Yield of 0.016891891
