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After finishing at $6.57 in the prior trading day, Cricut Inc (NASDAQ: CRCT) closed at $5.57, down -15.22%. In other words, the price has decreased by -$15.22 from its previous closing price. On the day, 1.11 million shares were traded. CRCT stock price reached its highest trading level at $6.35 during the session, while it also had its lowest trading level at $5.5.
Ratios:
Our goal is to gain a better understanding of CRCT 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 4.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.13. For the most recent quarter (mrq), Quick Ratio is recorded 2.18 and its Current Ratio is at 3.16. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
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:
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 29 ’24 when Olsen Donald B. sold 40,000 shares for $5.74 per share. The transaction valued at 229,620 led to the insider holds 655,833 shares of the business.
Olsen Donald B. bought 40,000 shares of CRCT for $229,621 on Aug 29 ’24. On Aug 14 ’24, another insider, Ashish Arora, who serves as the Chief Executive Officer of the company, sold 57,493 shares for $5.86 each. As a result, the insider received 337,127 and left with 2,539,450 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 1194469888 and an Enterprise Value of 959780672. As of this moment, Cricut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.45, and their Forward P/E ratio for the next fiscal year is 19.23. 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 2.51. Its current Enterprise Value per Revenue stands at 1.307 whereas that against EBITDA is 7.986.
Stock Price History:
Over the past 52 weeks, CRCT has reached a high of $8.04, while it has fallen to a 52-week low of $4.11. The 50-Day Moving Average of the stock is -12.35%, while the 200-Day Moving Average is calculated to be -1.10%.
Shares Statistics:
The stock has traded on average 411.61K shares per day over the past 3-months and 270550 shares per day over the last 10 days, according to various share statistics. A total of 51.41M shares are outstanding, with a floating share count of 44.58M. Insiders hold about 79.40% of the company’s shares, while institutions hold 11.00% stake in the company. Shares short for CRCT as of 1728950400 were 3757455 with a Short Ratio of 9.13, compared to 1726185600 on 3615578. Therefore, it implies a Short% of Shares Outstanding of 3757455 and a Short% of Float of 7.62.
