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The price of Corsair Gaming Inc (NASDAQ: CRSR) closed at $6.18 in the last session, down -3.74% from day before closing price of $6.42. In other words, the price has decreased by -$3.74 from its previous closing price. On the day, 0.51 million shares were traded. CRSR stock price reached its highest trading level at $6.38 during the session, while it also had its lowest trading level at $6.15.
Ratios:
We take a closer look at CRSR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.34.
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.
La Thi L sold 3,837 shares of CRSR for $53,718 on Jan 08 ’24. The President & COO now owns 212,994 shares after completing the transaction at $14.00 per share. On Sep 15 ’23, another insider, Potter Michael G, who serves as the Chief Financial Officer of the company, sold 10,000 shares for $15.03 each. As a result, the insider received 150,300 and left with 51,575 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, CRSR now has a Market Capitalization of 668620352 and an Enterprise Value of 857036736. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 0.621 whereas that against EBITDA is 31.865.
Stock Price History:
Over the past 52 weeks, CRSR has reached a high of $16.06, while it has fallen to a 52-week low of $5.62. The 50-Day Moving Average of the stock is -25.20%, while the 200-Day Moving Average is calculated to be -45.94%.
Shares Statistics:
According to the various share statistics, CRSR traded on average about 596.15K shares per day over the past 3-months and 549350 shares per day over the past 10 days. A total of 103.25M shares are outstanding, with a floating share count of 44.18M. Insiders hold about 57.58% of the company’s shares, while institutions hold 29.19% stake in the company. Shares short for CRSR as of 1723680000 were 2901727 with a Short Ratio of 4.87, compared to 1721001600 on 2338546. Therefore, it implies a Short% of Shares Outstanding of 2901727 and a Short% of Float of 6.510000000000001.
