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The closing price of Cricut Inc (NASDAQ: CRCT) was $5.38 for the day, down -0.19% from the previous closing price of $5.39. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 0.54 million shares were traded. CRCT stock price reached its highest trading level at $5.5 during the session, while it also had its lowest trading level at $5.37.
Ratios:
Our analysis of CRCT’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 4.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.91 and its Current Ratio is at 3.16. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on December 13, 2023, initiated with a Neutral rating and assigned the stock a target price of $7.
On August 28, 2023, Citigroup started tracking the stock assigning a Neutral rating and target price of $10.50.
Robert W. Baird Downgraded its Outperform to Neutral on March 09, 2022, whereas the target price for the stock was revised from $38 to $13.
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 Mar 07 ’24 when Abdiel Capital Management, LLC sold 5,273,978 shares for $4.45 per share. The transaction valued at 23,469,202 led to the insider holds 0 shares of the business.
Abdiel Capital Management, LLC sold 1,000,000 shares of CRCT for $4,830,000 on Feb 21 ’24. The 10% Owner now owns 5,273,978 shares after completing the transaction at $4.83 per share. On Jan 11 ’24, another insider, Abdiel Capital Management, LLC, who serves as the 10% Owner of the company, sold 3,000,000 shares for $6.10 each. As a result, the insider received 18,300,000 and left with 6,273,978 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, CRCT now has a Market Capitalization of 1168374656 and an Enterprise Value of 935396160. As of this moment, Cricut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.03, and their Forward P/E ratio for the next fiscal year is 18.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.52 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 1.223 whereas that against EBITDA is 8.505.
Stock Price History:
The Beta on a monthly basis for CRCT is 0.05, which has changed by -0.43487394 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, CRCT has reached a high of $16.51, while it has fallen to a 52-week low of $4.43. The 50-Day Moving Average of the stock is 7.95%, while the 200-Day Moving Average is calculated to be -27.64%.
Shares Statistics:
CRCT traded an average of 870.35K shares per day over the past three months and 669910 shares per day over the past ten days. A total of 51.41M shares are outstanding, with a floating share count of 46.12M. Insiders hold about 78.73% of the company’s shares, while institutions hold 7.90% stake in the company. Shares short for CRCT as of 1713139200 were 4046230 with a Short Ratio of 4.65, compared to 1710460800 on 4186995. Therefore, it implies a Short% of Shares Outstanding of 4046230 and a Short% of Float of 8.72.
Earnings Estimates
At present, 4.0 analysts are actively evaluating the performance of Cricut Inc (CRCT) in the stock market.On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.04, while EPS last year was $0.04. The consensus estimate for the next quarter is $0.06, with high estimates of $0.07 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.25 and $0.21 for the fiscal current year, implying an average EPS of $0.23. EPS for the following year is $0.29, with 4.0 analysts recommending between $0.36 and $0.26.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $179.2M to a low estimate of $167.05M. As of the current estimate, Cricut Inc’s year-ago sales were $181.23MFor the next quarter, 3 analysts are estimating revenue of $172.18M. There is a high estimate of $178.4M for the next quarter, whereas the lowest estimate is $162.55M.
A total of 4 analysts have provided revenue estimates for CRCT’s current fiscal year. The highest revenue estimate was $762.9M, while the lowest revenue estimate was $729.38M, resulting in an average revenue estimate of $751.01M. In the same quarter a year ago, actual revenue was $765.15MBased on 4 analysts’ estimates, the company’s revenue will be $782.53M in the next fiscal year. The high estimate is $814.7M and the low estimate is $758.93M.
