Cirrus Logic, Inc. [CRUS] stock is trading at $142.72, up 2.17%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRUS shares have gain 4.11% over the last week, with a monthly amount glided 3.64%, 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.
Cirrus Logic, Inc. [CRUS] stock has fluctuated between $65.02 and $142.83 over the past year. Currently, Wall Street analysts expect the stock to reach $120.2 within the next 12 months. Cirrus Logic, Inc. [NASDAQ: CRUS] shares were valued at $142.72 at the most recent close of the market. An investor can expect a potential drop of -15.78% based on the average CRUS price forecast.
Analyzing the CRUS fundamentals
Cirrus Logic, Inc. [NASDAQ:CRUS] reported sales of 1.85B for the trailing twelve months, which represents a growth of 17.98%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.17 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 140.94 points at the first support level, and at 139.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 144.67, and for the 2nd resistance point, it is at 146.61.
Ratios To Look Out For
For context, Cirrus Logic, Inc.’s Current Ratio is 5.46. As well, the Quick Ratio is 4.31, while the Cash Ratio is 2.44. Considering the valuation of this stock, the price to sales ratio is 4.13, the price to book ratio is 4.12 and price to earnings (TTM) ratio is 26.44.
Transactions by insiders
Recent insider trading involved HANFORD DEIRDRE, Director, that happened on Aug 20 ’24 when 15515.0 shares were purchased. VP, Worldwide Sales, Brannan Andrew completed a deal on Aug 16 ’24 to sell 4000.0 shares. Meanwhile, VP, MSP Alberty Carl Jackson sold 1033.0 shares on Aug 19 ’24.
