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As of close of business last night, Corsair Gaming Inc’s stock clocked out at $6.09, down -1.14% from its previous closing price of $6.16. In other words, the price has decreased by -$1.14 from its previous closing price. On the day, 0.68 million shares were traded. CRSR stock price reached its highest trading level at $6.24 during the session, while it also had its lowest trading level at $5.98.
Ratios:
To gain a deeper understanding of CRSR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.34.
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:
Investing in insider trades can also provide an investor with insight into how management views future 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.
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. On Sep 15 ’23, another insider, Potter Michael G, who serves as the Chief Financial Officer of the company, sold 10,000 shares for $15.03 each. As a result, the insider received 150,300 and left with 51,575 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, CRSR now has a Market Capitalization of 641538880 and an Enterprise Value of 822668480. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 0.597 whereas that against EBITDA is 30.587.
Stock Price History:
Over the past 52 weeks, CRSR has reached a high of $16.54, while it has fallen to a 52-week low of $5.62. The 50-Day Moving Average of the stock is -37.70%, while the 200-Day Moving Average is calculated to be -48.90%.
Shares Statistics:
It appears that CRSR traded 534.89K shares on average per day over the past three months and 908160 shares per day over the past ten days. A total of 103.25M shares are outstanding, with a floating share count of 44.17M. Insiders hold about 57.58% of the company’s shares, while institutions hold 26.77% stake in the company. Shares short for CRSR as of 1721001600 were 2338546 with a Short Ratio of 4.50, compared to 1718323200 on 1708130. Therefore, it implies a Short% of Shares Outstanding of 2338546 and a Short% of Float of 5.2600004.
