The 36-month beta value for CRSR is also noteworthy at 1.62. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CRSR is 43.53M, and at present, short sellers hold a 3.66% of that float. The average trading volume of CRSR on May 09, 2024 was 345.58K shares.
CRSR) stock’s latest price update
The stock of Corsair Gaming Inc (NASDAQ: CRSR) has decreased by -8.25 when compared to last closing price of 11.76.Despite this, the company has seen a loss of -4.17% in its stock price over the last five trading days. InvestorPlace reported 2024-05-03 that If you’re looking for a discount in the innovation space, we have beaten-down tech stocks that you’ll want to keep on your radar. It’s quite possible that the Federal Reserve has given speculators something to cheer about.
CRSR’s Market Performance
CRSR’s stock has fallen by -4.17% in the past week, with a monthly drop of -10.83% and a quarterly drop of -15.77%. The volatility ratio for the week is 4.33% while the volatility levels for the last 30 days are 3.22% for Corsair Gaming Inc. The simple moving average for the past 20 days is -4.20% for CRSR’s stock, with a -20.54% simple moving average for the past 200 days.
Analysts’ Opinion of CRSR
Many brokerage firms have already submitted their reports for CRSR stocks, with Barclays repeating the rating for CRSR by listing it as a “Equal Weight.” The predicted price for CRSR in the upcoming period, according to Barclays is $21 based on the research report published on October 09, 2023 of the previous year 2023.
Wedbush, on the other hand, stated in their research note that they expect to see CRSR reach a price target of $21, previously predicting the price at $17.50. The rating they have provided for CRSR stocks is “Outperform” according to the report published on July 31st, 2023.
Goldman gave a rating of “Neutral” to CRSR, setting the target price at $20 in the report published on April 17th of the previous year.
CRSR Trading at -9.43% from the 50-Day Moving Average
After a stumble in the market that brought CRSR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.92% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 4.33%, as shares sank -7.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.25% lower at present.
During the last 5 trading sessions, CRSR fell by -4.17%, which changed the moving average for the period of 200-days by -36.32% in comparison to the 20-day moving average, which settled at $11.22. In addition, Corsair Gaming Inc saw -23.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRSR starting from La Thi L, who sale 3,837 shares at the price of $14.00 back on Jan 08 ’24. After this action, La Thi L now owns 212,994 shares of Corsair Gaming Inc, valued at $53,718 using the latest closing price.
Potter Michael G, the Chief Financial Officer of Corsair Gaming Inc, sale 10,000 shares at $15.03 during a trade that took place back on Sep 15 ’23, which means that Potter Michael G is holding 51,575 shares at $150,300 based on the most recent closing price.
Stock Fundamentals for CRSR
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.25 for the gross margin
The net margin for Corsair Gaming Inc stands at -0.01. The total capital return value is set at -0.0. Equity return is now at value -1.28, with -0.65 for asset returns.
Based on Corsair Gaming Inc (CRSR), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is -0.2.
Currently, EBITDA for the company is 60.39 million with net debt to EBITDA at 1.48. When we switch over and look at the enterprise to sales, we see a ratio of 0.82. The receivables turnover for the company is 7.04for trailing twelve months and the total asset turnover is 1.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In summary, Corsair Gaming Inc (CRSR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
