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After finishing at $103.71 in the prior trading day, Cirrus Logic, Inc (NASDAQ: CRUS) closed at $104.71, up 0.96%. In other words, the price has increased by $0.96 from its previous closing price. On the day, 0.87 million shares were traded. CRUS stock price reached its highest trading level at $104.82 during the session, while it also had its lowest trading level at $102.2.
Ratios:
Our goal is to gain a better understanding of CRUS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.13. For the most recent quarter (mrq), Quick Ratio is recorded 4.16 and its Current Ratio is at 5.34. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
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 the company, Barclays on October 10, 2024, Downgraded its rating to Equal Weight and sets its target price to $120 from $140 previously.
TD Cowen reiterated its Buy rating for the stock on May 08, 2024, while the target price for the stock was revised from $100 to $115.
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 Aug 20 ’24 when HANFORD DEIRDRE bought 15,515 shares for $137.00 per share.
Brannan Andrew sold 4,000 shares of CRUS for $559,760 on Aug 16 ’24. The VP, Worldwide Sales now owns 3,530 shares after completing the transaction at $139.94 per share. On Aug 19 ’24, another insider, Alberty Carl Jackson, who serves as the VP, MSP of the company, sold 1,033 shares for $141.02 each. As a result, the insider received 145,674 and left with 38,311 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, CRUS now has a Market Capitalization of 5564278784 and an Enterprise Value of 5238628352. As of this moment, Cirrus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.78, and their Forward P/E ratio for the next fiscal year is 15.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 14.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.92 while its Price-to-Book (P/B) ratio in mrq is 2.89. Its current Enterprise Value per Revenue stands at 2.747 whereas that against EBITDA is 11.695.
Stock Price History:
Over the past 52 weeks, CRUS has reached a high of $147.46, while it has fallen to a 52-week low of $69.23. The 50-Day Moving Average of the stock is -13.93%, while the 200-Day Moving Average is calculated to be -6.60%.
Shares Statistics:
The stock has traded on average 605.39K shares per day over the past 3-months and 943510 shares per day over the last 10 days, according to various share statistics. A total of 53.49M shares are outstanding, with a floating share count of 52.85M. Insiders hold about 0.54% of the company’s shares, while institutions hold 92.64% stake in the company. Shares short for CRUS as of 1728950400 were 1963845 with a Short Ratio of 3.24, compared to 1726185600 on 1156011. Therefore, it implies a Short% of Shares Outstanding of 1963845 and a Short% of Float of 5.5.
