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As of close of business last night, Corsair Gaming Inc’s stock clocked out at $10.79, down -8.25% from its previous closing price of $11.76. In other words, the price has decreased by -$8.25 from its previous closing price. On the day, 0.9 million shares were traded. CRSR stock price reached its highest trading level at $11.15 during the session, while it also had its lowest trading level at $10.31.
Ratios:
To gain a deeper understanding of CRSR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 107.65. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.82. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.31.
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 Jan 08 ’24 when La Thi L sold 3,837 shares for $14.00 per share. The transaction valued at 53,718 led to the insider holds 212,994 shares of the business.
Potter Michael G sold 10,000 shares of CRSR for $150,300 on Sep 15 ’23. The Chief Financial Officer now owns 51,575 shares after completing the transaction at $15.03 per share. On Jul 03 ’23, another insider, La Thi L, who serves as the President & COO of the company, sold 4,387 shares for $17.69 each. As a result, the insider received 77,586 and left with 222,350 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 1120660224 and an Enterprise Value of 1337618944. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.78 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 0.927 whereas that against EBITDA is 27.246.
Stock Price History:
The Beta on a monthly basis for CRSR is 1.62, which has changed by -0.328 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, CRSR has reached a high of $20.72, while it has fallen to a 52-week low of $10.59. The 50-Day Moving Average of the stock is -9.43%, while the 200-Day Moving Average is calculated to be -20.54%.
Shares Statistics:
It appears that CRSR traded 345.58K shares on average per day over the past three months and 314360 shares per day over the past ten days. A total of 103.25M shares are outstanding, with a floating share count of 43.53M. Insiders hold about 58.09% of the company’s shares, while institutions hold 26.01% stake in the company. Shares short for CRSR as of 1713139200 were 1595222 with a Short Ratio of 4.62, compared to 1710460800 on 1623867. Therefore, it implies a Short% of Shares Outstanding of 1595222 and a Short% of Float of 3.5999999999999996.
Earnings Estimates
The stock of Corsair Gaming Inc (CRSR) is currently in the spotlight, with 7.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $0.11 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.09, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.16, with high estimates of $0.18 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.77 and $0.66 for the fiscal current year, implying an average EPS of $0.72. EPS for the following year is $0.9, with 6.0 analysts recommending between $1.05 and $0.8.
Revenue Estimates
For the next quarter, 6 analysts are estimating revenue of $385.35M. There is a high estimate of $403.85M for the next quarter, whereas the lowest estimate is $370.37M.
A total of 7 analysts have provided revenue estimates for CRSR’s current fiscal year. The highest revenue estimate was $1.59B, while the lowest revenue estimate was $1.5B, resulting in an average revenue estimate of $1.53B. In the same quarter a year ago, actual revenue was $1.46BBased on 6 analysts’ estimates, the company’s revenue will be $1.69B in the next fiscal year. The high estimate is $1.86B and the low estimate is $1.64B.
