Corsair Gaming Inc. (NASDAQ: CRSR) is -37.22% lower on its value in year-to-date trading and has touched a low of $12.23 and a high of $30.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRSR stock was last observed hovering at around $12.63 in the last trading session, with the day’s gains setting it 0.56% off its average median price target of $21.00 for the next 12 months. It is also 52.89% off the consensus price target high of $28.00 offered by 9 analysts, but current levels are 5.79% higher than the price target low of $14.00 for the same period.
Currently trading at $13.19, the stock is -1.63% and -9.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 4.43% at the moment leaves the stock -34.12% off its SMA200. CRSR registered -53.88% loss for a year compared to 6-month loss of -36.34%.
The stock witnessed a -3.09% gain in the last 1 month and extending the period to 3 months gives it a -32.81%, and is 2.41% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.26% over the week and 4.27% over the month.
Corsair Gaming Inc. (CRSR) has around 2490 employees, a market worth around $1.24B and $1.76B in sales. Current P/E ratio is 26.97 and Fwd P/E is 10.01. Profit margin for the company is 2.80%. Distance from 52-week low is 7.85% and -57.44% from its 52-week high. The company has generated returns on investments over the last 12 months (14.60%).
Corsair Gaming Inc. (CRSR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Corsair Gaming Inc. (CRSR) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.20, where 4 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Corsair Gaming Inc. is expected to release its quarterly report on 11/15/2022.The EPS is expected to shrink by -11.40% this year.
Corsair Gaming Inc. (CRSR) Top Institutional Holders
The shares outstanding are 95.28M, and float is at 91.93M with Short Float at 9.02%.
Corsair Gaming Inc. (CRSR) Insider Activity
A total of 13 insider transactions have happened at Corsair Gaming Inc. (CRSR) in the last six months, with sales accounting for 0 and purchases happening 13 times. The most recent transaction is an insider purchase by Szteinbaum Samuel R.,the company’sDirector. SEC filings show that Szteinbaum Samuel R. bought 80,000 shares of the company’s common stock on May 11 at a price of $14.29 per share for a total of $1.14 million. Following the purchase, the insider now owns 0.24 million shares.
Corsair Gaming Inc. (CRSR): Who are the competitors?
The company’s main competitors (and peers) include Microsoft Corporation (MSFT) that is trading -6.31% down over the past 12 months and Micron Technology Inc. (MU) that is -16.33% lower over the same period. Dell Technologies Inc. (DELL) is -6.40% down on the 1-year trading charts.