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As of close of business last night, Corsair Gaming Inc’s stock clocked out at $6.98, up 5.60% from its previous closing price of $6.61. In other words, the price has increased by $5.60 from its previous closing price. On the day, 0.59 million shares were traded. CRSR stock price reached its highest trading level at $7.05 during the session, while it also had its lowest trading level at $6.61.
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 11.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.98. 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:
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.
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 730806016 and an Enterprise Value of 929737600. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 0.704 whereas that against EBITDA is 132.82.
Stock Price History:
Over the past 52 weeks, CRSR has reached a high of $14.12, while it has fallen to a 52-week low of $5.59. The 50-Day Moving Average of the stock is 0.17%, while the 200-Day Moving Average is calculated to be -19.82%.
Shares Statistics:
It appears that CRSR traded 484.41K shares on average per day over the past three months and 578490 shares per day over the past ten days. 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 32.18% stake in the company. Shares short for CRSR as of 1734048000 were 3231673 with a Short Ratio of 6.67, compared to 1731628800 on 3439460. Therefore, it implies a Short% of Shares Outstanding of 3231673 and a Short% of Float of 7.16.
