Cirrus Logic, Inc (NASDAQ:CRUS) shares, rose in value on Friday, February 14, with price up by 1.97% to the previous day’s close as strong demand from buyers drove the stock to $109.06.
Actively observing the price movement in the last trading, the stock closed the session at $106.95, falling within a range of $107.0 and $110.49. The value of beta (5-year monthly) was 0.914 whereas the PE ratio was 19.83 over 12-month period. Referring to stock’s 52-week performance, its high was $147.46, and the low was $81.30. On the whole, CRUS has fluctuated by 7.02% over the past month.
With the market capitalization of Cirrus Logic, Inc currently standing at about $5.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRUS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.76, with the price of CRUS currently trading nearly 6.34% and 6.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.10, while the 7-day volatility ratio is showing 3.31% which for the 30-day chart, stands at 3.73%. Furthermore, Cirrus Logic, Inc (CRUS)’s beta value is 0.90, and its average true range (ATR) is 3.90.
A comparison of Cirrus Logic, Inc (CRUS) with its peers suggests the former has fared considerably weaker in the market. CRUS showed an intraday change of 1.97% in last session, and over the past year, it grew by 22.77%%.
Data on historical trading for Cirrus Logic, Inc (NASDAQ:CRUS) indicates that the trading volumes over the past 10 days have averaged 1.08 and over the past 3 months, they’ve averaged 703.92K. According to company’s latest data on outstanding shares, there are 53.14 million shares outstanding.
Nearly 0.58% of Cirrus Logic, Inc’s shares belong to company insiders and institutional investors own 92.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.66 million shares as on 2025-01-31, resulting in a short ratio of 2.59. According to the data, the short interest in Cirrus Logic, Inc (CRUS) stood at 469.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 1.4 million. The stock has risen by 9.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRUS stock heading into the next quarter.
