Investor’s Toolkit: Key Ratios for Assessing Corsair Gaming Inc (CRSR)’s Performance

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.

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