For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
Corsair Gaming Inc (NASDAQ: CRSR) closed the day trading at $6.60 down -6.25% from the previous closing price of $7.04. In other words, the price has decreased by -$6.25 from its previous closing price. On the day, 0.72 million shares were traded. CRSR stock price reached its highest trading level at $7.21 during the session, while it also had its lowest trading level at $6.49.
Ratios:
For a better understanding of CRSR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.51. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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.
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 691019968 and an Enterprise Value of 889951424. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 0.674 whereas that against EBITDA is 127.136.
Stock Price History:
Over the past 52 weeks, CRSR has reached a high of $14.99, while it has fallen to a 52-week low of $5.59. The 50-Day Moving Average of the stock is -5.72%, while the 200-Day Moving Average is calculated to be -26.43%.
Shares Statistics:
Over the past 3-months, CRSR traded about 468.65K shares per day on average, while over the past 10 days, CRSR traded about 442350 shares per day. 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 1732838400 were 3261516 with a Short Ratio of 6.96, compared to 1730332800 on 3260243. Therefore, it implies a Short% of Shares Outstanding of 3261516 and a Short% of Float of 7.23.