Cricut Inc (NASDAQ: CRCT) is -22.76% lower on its value in year-to-date trading and has touched a low of $4.43 and a high of $16.51 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 CRCT stock was last observed hovering at around $5.04 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $5.09, the stock is 3.38% and -5.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 0.99% at the moment leaves the stock -40.90% off its SMA200. CRCT registered -41.34% loss for a year compared to 6-month loss of -46.53%. The firm has a 50-day simple moving average (SMA 50) of $1.14 and a 200-day simple moving average (SMA200) of $7.94.
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The stock witnessed a 2.62% gain in the last 1 month and extending the period to 3 months gives it a -28.21%, and is 2.62% 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 5.94% over the week and 5.92% over the month.
Cricut Inc (CRCT) has around 690 employees, a market worth around $1.10B and $765.15M in sales. Current P/E ratio is 20.84 and Fwd P/E is 17.54. Profit margin for the company is 7.01%. Distance from 52-week low is 14.90% and -69.18% from its 52-week high. The company has generated returns on investments over the last 12 months (9.86%).
Cricut Inc quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $173.71M over the same period.The EPS is expected to shrink by -4.47% this year, but quarterly earnings will post -1.80% year-over-year. Quarterly sales are estimated to shrink -4.10% in year-over-year returns.
145 institutions hold shares in Cricut Inc (CRCT), with institutional investors hold 40.10% of the company’s shares. The shares outstanding are 51.41M, and float is at 43.86M with Short Float at 13.11%. Institutions hold 35.07% of the Float.
The top institutional shareholder in the company is Abdiel Capital Advisors, LP with over 14.89 million shares valued at $181.61 million. The investor’s holdings represent 28.10% of the CRCT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.07 million shares valued at $37.42 million to account for 5.79% of the shares outstanding. The other top investors are Blackrock Inc. which holds 3.05 million shares representing 5.75% and valued at over $37.17 million, while Morgan Stanley holds 5.55% of the shares totaling 2.94 million with a market value of $35.86 million.
Cricut Inc (CRCT) Insider Activity
The most recent transaction is an insider sale by Abdiel Capital Management, LLC, the company’s 10% Owner. SEC filings show that Abdiel Capital Management, LLC sold 5,273,978 shares of the company’s common stock on Mar 07 ’24 at a price of $4.45 per share for a total of $23.47 million. Following the sale, the insider now owns 0.0 shares.
Cricut Inc disclosed in a document filed with the SEC on Feb 21 ’24 that Abdiel Capital Management, LLC (10% Owner) sold a total of 1,000,000 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $4.83 per share for $4.83 million. Following the transaction, the insider now directly holds 5.27 million shares of the CRCT stock.
Still, SEC filings show that on Jan 11 ’24, Abdiel Capital Management, LLC (10% Owner) disposed off 3,000,000 shares at an average price of $6.10 for $18.3 million. The insider now directly holds 6,273,978 shares of Cricut Inc (CRCT).
