Cirrus Logic, Inc [CRUS] stock is trading at $107.41, down -1.30%. 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 6.79% over the last week, with a monthly amount drifted -12.71%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays downgraded its rating to Equal Weight on October 10, 2024, and dropped its price target to $120. On May 16, 2024, downgrade downgraded it’s rating to Hold. TD Cowen reiterated its Buy rating and increased its price target to $115 on May 08, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $100 on February 07, 2024. Loop Capital upgraded its rating to Buy for this stock on November 01, 2023, and upped its price target to $100. In a note dated May 22, 2023, Loop Capital downgraded an Hold rating on this stock and revised its target price from $92 to $80.
Cirrus Logic, Inc [CRUS] stock has fluctuated between $74.83 and $147.46 over the past year. Currently, Wall Street analysts expect the stock to reach $115.09 within the next 12 months. Cirrus Logic, Inc [NASDAQ: CRUS] shares were valued at $107.41 at the most recent close of the market. An investor can expect a potential return of 7.15% based on the average CRUS price forecast.
Analyzing the CRUS fundamentals
Cirrus Logic, Inc [NASDAQ:CRUS] reported sales of 1.91B for the trailing twelve months, which represents a growth of 12.64%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.18 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 106.27 points at the first support level, and at 105.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.27, and for the 2nd resistance point, it is at 111.14.
Ratios To Look Out For
For context, Cirrus Logic, Inc’s Current Ratio is 5.34. In addition, the Quick Ratio stands at 4.16 and the Cash Ratio stands at 1.94. Considering the valuation of this stock, the price to sales ratio is 2.99, the price to book ratio is 2.96 and price to earnings (TTM) ratio is 18.24.
Transactions by insiders
Recent insider trading involved Baumgartner Jeffrey W, VP, R&D, that happened on Nov 19 ’24 when 5542.0 shares were sold. Officer, JEFFREY W BAUMGARTNER completed a deal on Nov 19 ’24 to buy 5542.0 shares. Meanwhile, Director HANFORD DEIRDRE bought 15515.0 shares on Aug 20 ’24.
