Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Corsair Gaming Inc (NASDAQ: CRSR) closed at $8.23 in the last session, up 7.72% from day before closing price of $7.64. In other words, the price has increased by $7.72 from its previous closing price. On the day, 0.92 million shares were traded. CRSR stock price reached its highest trading level at $8.24 during the session, while it also had its lowest trading level at $7.8.
Ratios:
We take a closer look at CRSR’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 14.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.81. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.36.
On July 31, 2023, Wedbush Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $17.50 to $21.
On April 17, 2023, Goldman started tracking the stock assigning a Neutral rating and target price of $20.Goldman initiated its Neutral rating on April 17, 2023, with a $20 target price.
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 Jul 05 ’24 when Potter Michael G sold 1,947 shares for $10.33 per share. The transaction valued at 20,113 led to the insider holds 70,412 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRSR now has a Market Capitalization of 861680960 and an Enterprise Value of 1060613056. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 0.803 whereas that against EBITDA is 151.516.
Stock Price History:
The Beta on a monthly basis for CRSR is 1.59, which has changed by -0.4229607 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, CRSR has reached a high of $14.12, while it has fallen to a 52-week low of $5.59. The 50-Day Moving Average of the stock is 15.15%, while the 200-Day Moving Average is calculated to be -3.43%.
Shares Statistics:
According to the various share statistics, CRSR traded on average about 501.64K shares per day over the past 3-months and 555310 shares per day over the past 10 days. A total of 103.25M shares are outstanding, with a floating share count of 44.87M. Insiders hold about 57.14% of the company’s shares, while institutions hold 32.18% stake in the company. Shares short for CRSR as of 1735603200 were 3225487 with a Short Ratio of 6.43, compared to 1732838400 on 3261516. Therefore, it implies a Short% of Shares Outstanding of 3225487 and a Short% of Float of 7.1499999999999995.
