Cricut Inc. (NASDAQ:CRCT) went up by 0.47% from its latest closing price compared to the recent 1-year high of $47.36. The company’s stock price has collected -9.31% of loss in the last five trading sessions. Press Release reported on 11/10/21 that Cricut, Inc. Reports Third Quarter 2021 Financial Results
Is It Worth Investing in Cricut Inc. (NASDAQ :CRCT) Right Now?
Cricut Inc. (NASDAQ:CRCT) scored a price-to-earnings ratio above its average ratio, recording 27.12 x from its present earnings ratio.
CRCT currently public float of 32.56M and currently shorts hold a 14.33% ratio of that float. Today, the average trading volume of CRCT was 495.82K shares.
CRCT’s Market Performance
CRCT stocks went down by -9.31% for the week, with a monthly drop of -14.57% and a quarterly performance of -17.07%. The volatility ratio for the week stands at 5.59% while the volatility levels for the past 30 days are set at 6.85% for Cricut Inc.. The simple moving average for the period of the last 20 days is -11.89% for CRCT stocks with a simple moving average of -19.17% for the last 200 days.
Analysts’ Opinion of CRCT
Many brokerage firms have already submitted their reports for CRCT stocks, with Barclays repeating the rating for CRCT by listing it as a “Underweight.” The predicted price for CRCT in the upcoming period, according to Barclays is $28 based on the research report published on October 01st of the current year 2021.
Barclays, on the other hand, stated in their research note that they expect to see CRCT reach a price target of $28. The rating they have provided for CRCT stocks is “Equal Weight” according to the report published on August 17th, 2021.
Morgan Stanley gave a rating of “Underweight” to CRCT, setting the target price at $29 in the report published on August 13th of the current year.
CRCT Trading at -15.26% from the 50-Day Moving Average
After a stumble in the market that brought CRCT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.23% of loss for the given period.
Volatility was left at 6.85%, however, over the last 30 days, the volatility rate increased by 5.59%, as shares sank -13.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.60% lower at present.
During the last 5 trading sessions, CRCT fell by -9.31%, in comparison to the 20-day moving average, which settled at $26.56. In addition, Cricut Inc. saw 32.42% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CRCT starting from Abdiel Capital Management, LLC, who purchase 100,000 shares at the price of $23.82 back on Nov 23. After this action, Abdiel Capital Management, LLC now owns 10,079,350 shares of Cricut Inc., valued at $2,382,000 using the latest closing price.
Abdiel Capital Management, LLC, the 10% Owner of Cricut Inc., purchase 171,805 shares at $23.66 during a trade that took place back on Nov 22, which means that Abdiel Capital Management, LLC is holding 9,979,350 shares at $4,065,367 based on the most recent closing price.
Stock Fundamentals for CRCT
Equity return is now at value 37.40, with 22.50 for asset returns.