Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Corsair Gaming Inc (NASDAQ: CRSR) closed at $10.90 in the last session, up 0.65% from day before closing price of $10.83. In other words, the price has increased by $0.65 from its previous closing price. On the day, 1.11 million shares were traded.
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 10.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 43.91. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.35.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 1.89.
Stock Price History:
Over the past 52 weeks, CRSR has reached a high of $13.02, while it has fallen to a 52-week low of $5.59. The 50-Day Moving Average of the stock is 13.89%, while the 200-Day Moving Average is calculated to be 30.66%.
Shares Statistics:
A total of 104.76M shares are outstanding, with a floating share count of 44.50M. Insiders hold about 57.56% of the company’s shares, while institutions hold 33.11% stake in the company.
