Corsair Gaming Inc (NASDAQ:CRSR) price on Thursday, February 27, fall -5.32% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.39.
A look at the stock’s price movement, the close in the last trading session was $12.03. Turning to its 52-week performance, $13.31 and $5.59 were the 52-week high and 52-week low respectively. Overall, CRSR moved 28.27% over the past month.
Corsair Gaming Inc’s market cap currently stands at around $1.19 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CRSR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend CRSR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CRSR’s current price about 5.64% and 28.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.29, while 7-day volatility ratio is 7.10% and 6.64% in the 30-day chart. Further, Corsair Gaming Inc (CRSR) has a beta value of 1.59, and an average true range (ATR) of 0.69. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $8 and high of $8. Looking at the price targets, the low is 29.76% off current price level while to achieve the yearly target high, price needs to move 29.76%. Nonetheless, investors will most likely welcome a 29.76% jump to $8 which is the analysts’ median price.
If we refocus on Corsair Gaming Inc (NASDAQ:CRSR), historical trading data shows that trading volumes averaged 936.12K over the past 3 months. The company’s latest data on shares outstanding shows there are 104.76 million shares.
The 57.56% of Corsair Gaming Inc’s shares are in the hands of company insiders while institutional holders own 33.17% of the company’s shares. Current price change has pushed the stock 72.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CRSR stock continues to rise going into the next quarter.
