Corsair Gaming, Inc. (NASDAQ:CRSR) shares, rose in value on Wednesday, Jan 13, with the stock price up by 0.5% to the previous day’s close as strong demand from buyers drove the stock to $42.2.
Actively observing the price movement in the last trading, the stock closed the session at $41.99, falling within a range of $41.07 and $44.60. The value of beta (5-year monthly) was 0 whereas the PE ratio was 57.97 over 12-month period. Referring to stock’s 52-week performance, its high was $51.37, and the low was $14.09. On the whole, CRSR has fluctuated by 26.88% over the past month.
9 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), 7 recommend it as a Buy and 1 called the CRSR stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.89, with the price of CRSR currently trading nearly 11.08% and 19.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.39, while the 7-day volatility ratio is showing 9.24% which for the 30-day chart, stands at 8.47%. Furthermore, Corsair Gaming, Inc. (CRSR)’s beta value is 0, and its average true range (ATR) is 3.14. The company’s stock has been forecasted to trade at an average price of $40.11 over the course of the next 52 weeks, with a low of $32 and a high of $49. Based on these price targets, the low is -24.17 off current price, whereas the price has to move +16.11% to reach the yearly target high. Additionally, analysts’ median price of $41 is likely to be welcomed by investors because it represents an increase of -2.84% from the current levels.
A comparison of Corsair Gaming, Inc. (CRSR) with its peers suggests the former has fared considerably better in the market. CRSR showed an intraday change of +0.5% in last session, and over the past year, it dropped by 0%. In comparison, Las Vegas Sands (LVS) has moved lower at -2.33% on the day and was down -24.62% over the past 12 months. On the other hand, the price of Draftkings Inc (DKNG) has risen 2.32% on the day. The stock, however, is off 357.54% from where it was a year ago. Additionally, there is a gain of 50% for Penn Natl Gaming Inc (PENN) in last trading while the stock has seen an overall depriciation of 0% over the past year. The PE ratio stands at 57.97 for Corsair Gaming, Inc., compared to 0 for Las Vegas Sands, and 0 for Draftkings Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Corsair Gaming, Inc. (NASDAQ:CRSR) indicates that the trading volumes over the past 10 days have averaged 2.39 Million and over the past 3 months, they’ve averaged 3.02 Million. According to company’s latest data on outstanding shares, there are 91.92 Million shares outstanding.
Nearly 5.57% of Corsair Gaming, Inc.’s shares belong to company insiders and institutional investors own 91.2% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 5.66 Million shares as on December 30, 2020, resulting in a short ratio of 1.69. According to the data, the short interest in Corsair Gaming, Inc. (CRSR) stood at 6.15% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 1.53 Million. The stock has risen by +16.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRSR stock heading into the next quarter.
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