Corsair Gaming Inc (NASDAQ:CRSR) shares, rose in value on Friday, March 28, with the stock price down by -5.79% to the previous day’s close as strong demand from buyers drove the stock to $9.11.
Actively observing the price movement in the last trading, the stock closed the session at $9.67, falling within a range of $9.1 and $9.67. The value of beta (5-year monthly) was 1.6. Referring to stock’s 52-week performance, its high was $13.02, and the low was $5.59. On the whole, CRSR has fluctuated by -20.02% over the past month.
With the market capitalization of Corsair Gaming Inc currently standing at about $955.23 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.5B, with a low estimate of 347.95M and a high estimate of 383.17M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 366.2M.
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 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CRSR currently trading nearly -12.52% and -11.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.97, while the 7-day volatility ratio is showing 4.23% which for the 30-day chart, stands at 5.55%. Furthermore, Corsair Gaming Inc (CRSR)’s beta value is 1.64, and its average true range (ATR) is 0.56.
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 -5.79% in last session, and over the past year, it shrunk by -24.15%%.
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 1.09 million. According to company’s latest data on outstanding shares, there are 104.76 million shares outstanding.
Nearly 57.47% of Corsair Gaming Inc’s shares belong to company insiders and institutional investors own 33.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.58 million shares as on 2025-03-14, resulting in a short ratio of 3.05. According to the data, the short interest in Corsair Gaming Inc (CRSR) stood at 792.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 3.81 million. The stock has risen by 37.82% 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.
