In other words, the price has increased by $0.0000 from its previous closing price. On the day, 685555 shares were traded.
Ratios:
To gain a deeper understanding of CRCT’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 4.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.90. For the most recent quarter (mrq), Quick Ratio is recorded 1.91 and its Current Ratio is at 3.16. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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:
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 Mar 07 ’24 when Abdiel Capital Management, LLC sold 5,273,978 shares for $4.45 per share. The transaction valued at 23,469,202 led to the insider holds 0 shares of the business.
Abdiel Capital Management, LLC sold 1,000,000 shares of CRCT for $4,830,000 on Feb 21 ’24. The 10% Owner now owns 5,273,978 shares after completing the transaction at $4.83 per share. On Jan 11 ’24, another insider, Abdiel Capital Management, LLC, who serves as the 10% Owner of the company, sold 3,000,000 shares for $6.10 each. As a result, the insider received 18,300,000 and left with 6,273,978 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 1.03B and an Enterprise Value of 798.81M. 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 16.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 1.94. Its current Enterprise Value per Revenue stands at 1.04 whereas that against EBITDA is 7.25.
Stock Price History:
Over the past 52 weeks, CRCT has reached a high of $16.51, while it has fallen to a 52-week low of $4.43. The 50-Day Moving Average of the stock is 5.5131, while the 200-Day Moving Average is calculated to be 8.7989.
Shares Statistics:
It appears that CRCT traded 918.22K shares on average per day over the past three months and 1.62M shares per day over the past ten days. A total of 51.41M shares are outstanding, with a floating share count of 43.86M. Insiders hold about 79.79% of the company’s shares, while institutions hold 10.28% stake in the company. Shares short for CRCT as of Feb 15, 2024 were 6.12M with a Short Ratio of 6.66, compared to 7.52M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.79% and a Short% of Float of 19.23%.
