Corsair Gaming Inc (NASDAQ: CRSR): Reassessing Prospects

Corsair Gaming Inc (CRSR) concluded trading on Wednesday at a closing price of $7.54, with 0.47 million shares of worth about $3.52 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.61% during that period and on January 08, 2025 the price saw a loss of about -1.82%. Currently the company’s common shares owned by public are about 103.25M shares, out of which, 44.87M shares are available for trading.

Stock saw a price change of 14.07% in past 5 days and over the past one month there was a price change of 0.80%. Year-to-date (YTD), CRSR shares are showing a performance of 14.07% which decreased to -46.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.59 but also hit the highest price of $14.12 during that period. The average intraday trading volume for Corsair Gaming Inc shares is 491.03K. The stock is currently trading 7.58% above its 20-day simple moving average (SMA20), while that difference is up 6.85% for SMA50 and it goes to -12.44% lower than SMA200.

Corsair Gaming Inc (NASDAQ: CRSR) currently have 103.25M outstanding shares and institutions hold larger chunk of about 32.18% of that.

The stock has a current market capitalization of $789.44M and its 3Y-monthly beta is at 1.62. It has posted earnings per share of -$0.91 in the same period. It has Quick Ratio of 0.77 while making debt-to-equity ratio of 0.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRSR, volatility over the week remained 5.34% while standing at 5.38% over the month.

Stock’s fiscal year EPS is expected to drop by -107.60% while it is estimated to increase by 1347.18% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on October 09, 2023 offering an Equal weight rating for the stock and assigned a target price of $21 to it. Coverage by Wedbush stated Corsair Gaming Inc (CRSR) stock as an Outperform in their note to investors on July 31, 2023, suggesting a price target of $21 for the stock. On April 17, 2023, Goldman Initiated their recommendations, while on February 06, 2023, Wedbush Downgrade their ratings for the stock with a price target of $17. Stock get an Outperform rating from Wedbush on February 09, 2022.

Most Popular

Related Posts