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In the latest session, Cirrus Logic, Inc. (NASDAQ: CRUS) closed at $119.79 down -2.40% from its previous closing price of $122.73. In other words, the price has decreased by -$2.40 from its previous closing price. On the day, 0.8 million shares were traded. CRUS stock price reached its highest trading level at $122.42 during the session, while it also had its lowest trading level at $118.73.
Ratios:
For a deeper understanding of Cirrus Logic, 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 12.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.46. For the most recent quarter (mrq), Quick Ratio is recorded 4.31 and its Current Ratio is at 5.46. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
On May 08, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $100 to $115.
TD Cowen reiterated its Outperform rating for the stock on February 07, 2024, while the target price for the stock was revised from $90 to $100.
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 20 ’24 when HANFORD DEIRDRE bought 15,515 shares for $137.00 per share.
Brannan Andrew sold 4,000 shares of CRUS for $559,760 on Aug 16 ’24. The VP, Worldwide Sales now owns 3,530 shares after completing the transaction at $139.94 per share. On Aug 19 ’24, another insider, Alberty Carl Jackson, who serves as the VP, MSP of the company, sold 1,033 shares for $141.02 each. As a result, the insider received 145,674 and left with 38,311 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, CRUS now has a Market Capitalization of 6398127616 and an Enterprise Value of 6035171328. As of this moment, Cirrus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.19, and their Forward P/E ratio for the next fiscal year is 16.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 18.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.47 while its Price-to-Book (P/B) ratio in mrq is 3.46. Its current Enterprise Value per Revenue stands at 3.27 whereas that against EBITDA is 14.263.
Stock Price History:
Over the past 52 weeks, CRUS has reached a high of $147.46, while it has fallen to a 52-week low of $65.02. The 50-Day Moving Average of the stock is -10.03%, while the 200-Day Moving Average is calculated to be 13.09%.
Shares Statistics:
For the past three months, CRUS has traded an average of 521.20K shares per day and 722490 over the past ten days. A total of 53.49M shares are outstanding, with a floating share count of 53.12M. Insiders hold about 0.54% of the company’s shares, while institutions hold 92.13% stake in the company. Shares short for CRUS as of 1724976000 were 1175592 with a Short Ratio of 2.22, compared to 1722384000 on 926691. Therefore, it implies a Short% of Shares Outstanding of 1175592 and a Short% of Float of 3.2899998.
