A share price of Corsair Gaming Inc [CRSR] is currently trading at $6.88, up 2.69%. An important factor to consider is whether the stock is rising or falling in short-term value. The CRSR shares have gain 2.08% over the last week, with a monthly amount drifted -3.78%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wedbush upgraded its rating to Outperform on July 31, 2023, and elevated its price target to $21. On April 17, 2023, Goldman initiated with a Neutral rating and assigned a price target of $20 on the stock. Wedbush downgraded its rating to a Neutral but stick to its price target of $17 on February 06, 2023. Wedbush reiterated its recommendation of a Outperform and reduced its price target to $28 on February 09, 2022. Macquarie reiterated a Outperform rating for this stock on February 09, 2022, and downed its price target to $27. In a note dated February 09, 2022, Credit Suisse reiterated an Neutral rating on this stock and revised its target price from $26 to $25.
Corsair Gaming Inc experienced fluctuations in its stock price throughout the past year between $5.59 and $15.07. Currently, Wall Street analysts expect the stock to reach $15.67 within the next 12 months. Corsair Gaming Inc [NASDAQ: CRSR] shares were valued at $6.88 at the most recent close of the market. An investor can expect a potential return of 127.76% based on the average CRSR price forecast.
Analyzing the CRSR fundamentals
Trailing Twelve Months sales for Corsair Gaming Inc [NASDAQ:CRSR] were 1.38B which represents -19.71% decline. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.06 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
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 6.74 points at the first support level, and at 6.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.97, and for the 2nd resistance point, it is at 7.05.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Corsair Gaming Inc [NASDAQ:CRSR] is 1.80. On the other hand, the Quick Ratio is 0.97, and the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.11.
Transactions by insiders
Recent insider trading involved Potter Michael G, Chief Financial Officer, that happened on Jul 05 ’24 when 1947.0 shares were sold. President & COO, La Thi L completed a deal on Jan 08 ’24 to sell 3837.0 shares.
