Cricut Inc (NASDAQ: CRCT) is 19.27% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRCT stock was last observed hovering at around $8.14 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $7.86, the stock is 44.49% and 53.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.71 million and changing -3.44% at the moment leaves the stock 9.77% off its SMA200. CRCT registered -15.28% loss for a year compared to 6-month loss of -5.87%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 55.95% gain in the last 1 month and extending the period to 3 months gives it a 47.74%, and is 41.11% 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 12.22% over the week and 6.47% over the month.
Cricut Inc (CRCT) has around 690 employees, a market worth around $1.70B and $751.31M in sales. Current P/E ratio is 26.81 and Fwd P/E is 27.12. Profit margin for the company is 8.54%. Distance from 52-week low is 77.43% and -52.41% from its 52-week high. The company has generated returns on investments over the last 12 months (11.45%).
The EPS is expected to shrink by -4.17% this year
The shares outstanding are 51.41M, and float is at 46.12M with Short Float at 8.77%.
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).
