Corsair Gaming Inc (NASDAQ:CRSR) shares, rose in value on Wednesday, January 22, with the stock price up by 2.17% to the previous day’s close as strong demand from buyers drove the stock to $8.93.
Actively observing the price movement in the last trading, the stock closed the session at $8.74, falling within a range of $8.67 and $9.31. The value of beta (5-year monthly) was 1.582. Referring to stock’s 52-week performance, its high was $14.12, and the low was $5.59. On the whole, CRSR has fluctuated by 35.30% over the past month.
With the market capitalization of Corsair Gaming Inc currently standing at about $934.97 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.29B, with a low estimate of 368.04M and a high estimate of 402.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 389.47M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRSR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CRSR currently trading nearly 21.28% and 22.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.55, while the 7-day volatility ratio is showing 6.17% which for the 30-day chart, stands at 5.14%. Furthermore, Corsair Gaming Inc (CRSR)’s beta value is 1.67, and its average true range (ATR) is 0.43.
A comparison of Corsair Gaming Inc (CRSR) with its peers suggests the former has fared considerably weaker in the market. CRSR showed an intraday change of 2.17% in last session, and over the past year, it shrunk by -33.90%%.
Data on historical trading for Corsair Gaming Inc (NASDAQ:CRSR) indicates that the trading volumes over the past 10 days have averaged 0.78 and over the past 3 months, they’ve averaged 553.95K. According to company’s latest data on outstanding shares, there are 103.25 million shares outstanding.
Nearly 57.14% of Corsair Gaming Inc’s shares belong to company insiders and institutional investors own 32.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.23 million shares as on 2024-12-31, resulting in a short ratio of 6.11. According to the data, the short interest in Corsair Gaming Inc (CRSR) stood at 715.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 3.26 million. The stock has risen by 35.10% 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.
