Corsair Gaming Inc (NASDAQ: CRSR)’s stock price has decreased by 0.00 compared to its previous closing price of 7.31. However, the company has seen a 8.30% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-11-25 that MILPITAS, Calif.–(BUSINESS WIRE)—- $CRSR–Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers, streamers, content-creators, and gaming PC builders, today announced it will present to institutional investors at Barclays 22nd Annual Global Technology Conference, at The Palace Hotel, San Francisco. A live fireside webcast with management will be available through Corsair’s Investor Relations website at 8:40 a.m. Pac.
Is It Worth Investing in Corsair Gaming Inc (NASDAQ: CRSR) Right Now?
The stock has a 36-month beta value of 1.61. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for CRSR is 44.55M, and at present, short sellers hold a 7.72% of that float. On November 28, 2024, the average trading volume of CRSR was 489.27K shares.
CRSR’s Market Performance
The stock of Corsair Gaming Inc (CRSR) has seen a 8.30% increase in the past week, with a 8.46% rise in the past month, and a 3.10% gain in the past quarter. The volatility ratio for the week is 5.08%, and the volatility levels for the past 30 days are at 5.74% for CRSR. The simple moving average for the past 20 days is 5.46% for CRSR’s stock, with a -21.93% 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 7.47% 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 -51.49% of loss for the given period.
Volatility was left at 5.74%, however, over the last 30 days, the volatility rate increased by 5.08%, as shares surge +10.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.22% upper at present.
During the last 5 trading sessions, CRSR rose by +8.30%, which changed the moving average for the period of 200-days by -42.98% in comparison to the 20-day moving average, which settled at $6.93. In addition, Corsair Gaming Inc saw -48.16% 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 Potter Michael G, who sale 1,947 shares at the price of $10.33 back on Jul 05 ’24. After this action, Potter Michael G now owns 70,412 shares of Corsair Gaming Inc, valued at $20,113 using the latest closing price.
La Thi L, the President & COO of Corsair Gaming Inc, sale 3,837 shares at $14.00 during a trade that took place back on Jan 08 ’24, which means that La Thi L is holding 212,994 shares at $53,718 based on the most recent closing price.
Stock Fundamentals for CRSR
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.24 for the gross margin
The net margin for Corsair Gaming Inc stands at -0.07. The total capital return value is set at -0.05. Equity return is now at value -15.11, with -7.42 for asset returns.
Based on Corsair Gaming Inc (CRSR), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is -3.02.
Currently, EBITDA for the company is 64.64 million with net debt to EBITDA at 22.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The receivables turnover for the company is 7.41for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.58.
Conclusion
To sum up, Corsair Gaming Inc (CRSR) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
