Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Corsair Gaming Inc (NASDAQ: CRSR) was $8.88 for the day, up 1.25% from the previous closing price of $8.77. In other words, the price has increased by $1.25 from its previous closing price. On the day, 1.49 million shares were traded. CRSR stock price reached its highest trading level at $9.01 during the session, while it also had its lowest trading level at $8.44.
Ratios:
Our analysis of CRSR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.32. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 929736000 and an Enterprise Value of 1128668288. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 1.53. Its current Enterprise Value per Revenue stands at 0.855 whereas that against EBITDA is 161.238.
Stock Price History:
The Beta on a monthly basis for CRSR is 1.66, which has changed by -0.31107622 over the last 52 weeks, in comparison to a change of 0.25219524 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 19.19%, while the 200-Day Moving Average is calculated to be 5.79%.
Shares Statistics:
CRSR traded an average of 615.83K shares per day over the past three months and 1053120 shares per day over the past ten 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 32.17% stake in the company. Shares short for CRSR as of 1736899200 were 3549169 with a Short Ratio of 5.76, compared to 1734048000 on 3231673. Therefore, it implies a Short% of Shares Outstanding of 3549169 and a Short% of Float of 7.870000000000001.
