The stock of Cirrus Logic, Inc. (NASDAQ: CRUS) has increased by 9.47 when compared to last closing price of 91.13.Despite this, the company has seen a gain of 18.76% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that Cirrus Logic’s (CRUS) fiscal fourth-quarter performance benefits from solid sales of smartphones amid a reduction of the general market and custom components.
Is It Worth Investing in Cirrus Logic, Inc. (NASDAQ: CRUS) Right Now?
Cirrus Logic, Inc. (NASDAQ: CRUS) has a price-to-earnings ratio of 20.27x that is above its average ratio. Additionally, the 36-month beta value for CRUS is 0.91. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 2 rating it as “sell.”
The public float for CRUS is 53.64M and currently, short sellers hold a 1.46% ratio of that float. The average trading volume of CRUS on May 08, 2024 was 401.31K shares.
CRUS’s Market Performance
CRUS stock saw an increase of 18.76% in the past week, with a monthly gain of 6.63% and a quarterly increase of 11.02%. The volatility ratio for the week is 2.77%, and the volatility levels for the last 30 days are 2.48% for Cirrus Logic, Inc. (CRUS). The simple moving average for the past 20 days is 14.53% for CRUS’s stock, with a 23.36% simple moving average for the past 200 days.
Analysts’ Opinion of CRUS
TD Cowen, on the other hand, stated in their research note that they expect to see CRUS reach a price target of $100, previously predicting the price at $90. The rating they have provided for CRUS stocks is “Outperform” according to the report published on February 07th, 2024.
Loop Capital gave a rating of “Buy” to CRUS, setting the target price at $100 in the report published on November 01st of the previous year.
CRUS Trading at 11.34% from the 50-Day Moving Average
After a stumble in the market that brought CRUS to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 4.06% of gains for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares surge +11.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.24% upper at present.
During the last 5 trading sessions, CRUS rose by +19.82%, which changed the moving average for the period of 200-days by +30.03% in comparison to the 20-day moving average, which settled at $87.63. In addition, Cirrus Logic, Inc. saw 19.92% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRUS starting from Dougherty Justin E, who sale 3,280 shares at the price of $91.40 back on Feb 22 ’24. After this action, Dougherty Justin E now owns 6,000 shares of Cirrus Logic, Inc., valued at $299,792 using the latest closing price.
THOMAS SCOTT, the Sr VP, General Counsel of Cirrus Logic, Inc., sale 5,043 shares at $90.37 during a trade that took place back on Feb 14 ’24, which means that THOMAS SCOTT is holding 20,554 shares at $455,736 based on the most recent closing price.
Stock Fundamentals for CRUS
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.51 for the gross margin
The net margin for Cirrus Logic, Inc. stands at 0.15. The total capital return value is set at 0.17. Equity return is now at value 15.80, with 12.78 for asset returns.
Based on Cirrus Logic, Inc. (CRUS), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 2.72. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 42.63.
Currently, EBITDA for the company is 343.47 million with net debt to EBITDA at -0.88. When we switch over and look at the enterprise to sales, we see a ratio of 2.82. The receivables turnover for the company is 11.01for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.93.
Conclusion
In conclusion, Cirrus Logic, Inc. (CRUS) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high..
