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In the latest session, Cirrus Logic, Inc. (NASDAQ: CRUS) closed at $129.20 down -1.34% from its previous closing price of $130.96. In other words, the price has decreased by -$1.34 from its previous closing price. On the day, 0.61 million shares were traded. CRUS stock price reached its highest trading level at $132.45 during the session, while it also had its lowest trading level at $128.134.
Ratios:
For a deeper understanding of Cirrus Logic, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.98. For the most recent quarter (mrq), Quick Ratio is recorded 4.72 and its Current Ratio is at 5.93. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.07.
On May 08, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $100 to $115.
TD Cowen reiterated its Outperform rating for the stock on February 07, 2024, while the target price for the stock was revised from $90 to $100.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 12 ’24 when THOMAS SCOTT sold 11,706 shares for $120.72 per share. The transaction valued at 1,413,148 led to the insider holds 23,975 shares of the business.
Tupman David J. sold 5,000 shares of CRUS for $599,750 on Jun 06 ’24. The Director now owns 21,719 shares after completing the transaction at $119.95 per share. On May 30 ’24, another insider, Tupman David J., who serves as the Director of the company, sold 10,346 shares for $114.52 each. As a result, the insider received 1,184,824 and left with 21,719 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 6905830400 and an Enterprise Value of 6549777408. As of this moment, Cirrus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.27, and their Forward P/E ratio for the next fiscal year is 17.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 21.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.86 while its Price-to-Book (P/B) ratio in mrq is 3.80. Its current Enterprise Value per Revenue stands at 3.661 whereas that against EBITDA is 16.636.
Stock Price History:
Over the past 52 weeks, CRUS has reached a high of $142.83, while it has fallen to a 52-week low of $65.02. The 50-Day Moving Average of the stock is 3.24%, while the 200-Day Moving Average is calculated to be 37.67%.
Shares Statistics:
For the past three months, CRUS has traded an average of 512.04K shares per day and 489710 over the past ten days. A total of 53.49M shares are outstanding, with a floating share count of 53.17M. Insiders hold about 0.53% of the company’s shares, while institutions hold 90.91% stake in the company. Shares short for CRUS as of 1721001600 were 972629 with a Short Ratio of 1.90, compared to 1718323200 on 841122. Therefore, it implies a Short% of Shares Outstanding of 972629 and a Short% of Float of 2.7199999999999998.
