In the past week, CRCT stock has gone up by 1.45%, with a monthly gain of 14.75% and a quarterly surge of 22.77%. The volatility ratio for the week is 5.38%, and the volatility levels for the last 30 days are 4.39% for Cricut Inc The simple moving average for the past 20 days is 5.16% for CRCT’s stock, with a 9.53% simple moving average for the past 200 days.
Is It Worth Investing in Cricut Inc (NASDAQ: CRCT) Right Now?
The price-to-earnings ratio for Cricut Inc (NASDAQ: CRCT) is above average at 20.30x, Company’s 36-month beta value is 0.14.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CRCT is 43.74M, and currently, short sellers hold a 8.94% ratio of that floaft. The average trading volume of CRCT on August 07, 2024 was 844.86K shares.
CRCT) stock’s latest price update
Cricut Inc (NASDAQ: CRCT)’s stock price has soared by 7.69 in relation to previous closing price of 5.85. Nevertheless, the company has seen a gain of 1.45% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-06 that Cricut, Inc. (NASDAQ:CRCT ) Q2 2024 Results Conference Call August 6, 2024 5:00 PM ET Company Participants Jim Suva – Senior Vice President of Finance and Treasurer Ashish Arora – Chief Executive Officer & Director Kimball Shill – Chief Financial Officer Conference Call Participants Eric Woodring – Morgan Stanley Angus Kelleher – Barclays Operator Good day, and thank you for standing by. Welcome to the Cricut Q2 2024 Earnings Conference Call.
Analysts’ Opinion of CRCT
Many brokerage firms have already submitted their reports for CRCT stocks, with Goldman repeating the rating for CRCT by listing it as a “Neutral.” The predicted price for CRCT in the upcoming period, according to Goldman is $7 based on the research report published on December 13, 2023 of the previous year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see CRCT reach a price target of $10.50. The rating they have provided for CRCT stocks is “Neutral” according to the report published on August 28th, 2023.
Robert W. Baird gave a rating of “Neutral” to CRCT, setting the target price at $13 in the report published on March 09th of the previous year.
CRCT Trading at 6.93% 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 -40.60% of loss for the given period.
Volatility was left at 4.39%, however, over the last 30 days, the volatility rate increased by 5.38%, as shares surge +15.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.80% upper at present.
During the last 5 trading sessions, CRCT rose by +1.29%, which changed the moving average for the period of 200-days by -22.82% in comparison to the 20-day moving average, which settled at $6.03. In addition, Cricut Inc saw 3.02% 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 CRCT starting from Ashish Arora, who sale 24,134 shares at the price of $6.97 back on May 17 ’24. After this action, Ashish Arora now owns 1,585,334 shares of Cricut Inc, valued at $168,267 using the latest closing price.
Ashish Arora, the Chief Executive Officer of Cricut Inc, sale 55,029 shares at $7.10 during a trade that took place back on May 16 ’24, which means that Ashish Arora is holding 1,609,468 shares at $390,667 based on the most recent closing price.
Stock Fundamentals for CRCT
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.49 for the gross margin
The net margin for Cricut Inc stands at 0.09. The total capital return value is set at 0.2. Equity return is now at value 14.60, with 8.28 for asset returns.
Based on Cricut Inc (CRCT), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 15.66. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 1106.54.
Currently, EBITDA for the company is 99.78 million with net debt to EBITDA at -1.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.63. The receivables turnover for the company is 8.85for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
In a nutshell, Cricut Inc (CRCT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
