A share price of Cirrus Logic, Inc. [CRUS] is currently trading at $119.69, down -1.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The CRUS shares have gain 0.69% over the last week, with a monthly amount drifted -12.40%, and not 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 October 10, 2024, when Barclays downgraded its rating to a Equal Weight and also revised its price target to $120 from $140. Previously, The Benchmark Company downgraded its rating to Hold on May 16, 2024. On May 08, 2024, TD Cowen reiterated its Buy rating and revised its price target to $115 on the stock. TD Cowen reiterated its Outperform rating and increased its price target to $100 on February 07, 2024. Loop Capital upgraded its rating to a Buy and raised its price target to $100 on November 01, 2023. Loop Capital downgraded its rating to Hold for this stock on May 22, 2023, and downed its price target to $80. In a note dated May 05, 2023, TD Cowen reiterated an Outperform rating on this stock and revised its target price from $110 to $100.
Cirrus Logic, Inc. experienced fluctuations in its stock price throughout the past year between $65.02 and $147.46. Currently, Wall Street analysts expect the stock to reach $118.2 within the next 12 months. Cirrus Logic, Inc. [NASDAQ: CRUS] shares were valued at $119.69 at the most recent close of the market. An investor can expect a potential drop of -1.24% based on the average CRUS price forecast.
Analyzing the CRUS fundamentals
Trailing Twelve Months sales for Cirrus Logic, Inc. [NASDAQ:CRUS] were 1.85B which represents 17.98% growth. 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 117.45 points at the first support level, and at 115.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.86, and for the 2nd resistance point, it is at 122.04.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cirrus Logic, Inc. [NASDAQ:CRUS] is 5.46. On the other hand, the Quick Ratio is 4.31, and the Cash Ratio is 2.44. Considering the valuation of this stock, the price to sales ratio is 3.46, the price to book ratio is 3.46 and price to earnings (TTM) ratio is 22.17.
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.
