Cirrus Logic, Inc. [CRUS] stock prices are up 0.04% to $138.81 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CRUS shares have gain 2.65% over the last week, with a monthly amount glided 10.60%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cirrus Logic, Inc. [NASDAQ: CRUS] stock has seen the most recent analyst activity on May 16, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, TD Cowen reaffirmed its Buy rating on May 08, 2024, and elevated its price target to $115. On February 07, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $100 on the stock. Loop Capital upgraded its rating to a Buy and increased its price target to $100 on November 01, 2023. Loop Capital downgraded its rating to a Hold and reduced its price target to $80 on May 22, 2023. TD Cowen reiterated a Outperform rating for this stock on May 05, 2023, and downed its price target to $100. In a note dated April 24, 2023, KeyBanc Capital Markets reiterated an Overweight rating on this stock and revised its target price from $120 to $110.
The stock price of Cirrus Logic, Inc. [CRUS] has been fluctuating between $65.02 and $142.83 over the past year. Currently, Wall Street analysts expect the stock to reach $116.89 within the next 12 months. Cirrus Logic, Inc. [NASDAQ: CRUS] shares were valued at $138.81 at the most recent close of the market. An investor can expect a potential drop of -15.79% based on the average CRUS price forecast.
Analyzing the CRUS fundamentals
The Cirrus Logic, Inc. [NASDAQ:CRUS] reported sales of 1.79B for trailing twelve months, representing a drop of -0.27%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.16 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 135.71 points at the first support level, and at 132.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 141.39, and for the 2nd resistance point, it is at 143.98.
Ratios To Look Out For
It’s worth pointing out that Cirrus Logic, Inc. [NASDAQ:CRUS]’s Current Ratio is 5.93. In addition, the Quick Ratio stands at 4.72 and the Cash Ratio stands at 2.7. Considering the valuation of this stock, the price to sales ratio is 4.15, the price to book ratio is 4.09 and price to earnings (TTM) ratio is 28.23.
Transactions by insiders
Recent insider trading involved THOMAS SCOTT, Sr VP, General Counsel, that happened on Jun 12 ’24 when 11706.0 shares were sold. Director, Tupman David J. completed a deal on Jun 06 ’24 to sell 5000.0 shares. Meanwhile, Director Tupman David J. sold 10346.0 shares on May 30 ’24.
