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The price of Cricut Inc (NASDAQ: CRCT) closed at $5.63 in the last session, down -11.89% from day before closing price of $6.39. In other words, the price has decreased by -$11.89 from its previous closing price. On the day, 0.67 million shares were traded. CRCT stock price reached its highest trading level at $6.4 during the session, while it also had its lowest trading level at $5.6.
Ratios:
We take a closer look at CRCT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.11. For the most recent quarter (mrq), Quick Ratio is recorded 1.52 and its Current Ratio is at 2.21. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 09 ’24 when Ashish Arora bought 253,914 shares for $6.50 per share.
Ashish Arora sold 24,134 shares of CRCT for $168,267 on May 17 ’24. The Chief Executive Officer now owns 1,585,334 shares after completing the transaction at $6.97 per share. On May 16 ’24, another insider, Ashish Arora, who serves as the Chief Executive Officer of the company, sold 55,029 shares for $7.10 each. As a result, the insider received 390,667 and left with 1,609,468 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 1218151808 and an Enterprise Value of 930518784. As of this moment, Cricut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.09, and their Forward P/E ratio for the next fiscal year is 18.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 2.71. Its current Enterprise Value per Revenue stands at 1.255 whereas that against EBITDA is 6.973.
Stock Price History:
Over the past 52 weeks, CRCT has reached a high of $10.61, while it has fallen to a 52-week low of $4.11. The 50-Day Moving Average of the stock is -5.11%, while the 200-Day Moving Average is calculated to be -1.81%.
Shares Statistics:
According to the various share statistics, CRCT traded on average about 721.89K shares per day over the past 3-months and 855300 shares per day over the past 10 days. A total of 51.41M shares are outstanding, with a floating share count of 45.55M. Insiders hold about 78.95% of the company’s shares, while institutions hold 10.08% stake in the company. Shares short for CRCT as of 1721001600 were 3911592 with a Short Ratio of 5.52, compared to 1718323200 on 4133904. Therefore, it implies a Short% of Shares Outstanding of 3911592 and a Short% of Float of 8.290000000000001.
Dividends & Splits
The forward annual dividend rate for CRCT is 0.10, which was 0.1 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.015649453
