Cirrus Logic, Inc. (NASDAQ: CRUS) is 64.20% higher on its value in year-to-date trading and has touched a low of $65.02 and a high of $138.65 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 CRUS stock was last observed hovering at around $135.46 in the last trading session, with the day’s gains setting it 1.14%.
Currently trading at $136.60, the stock is 8.20% and 19.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 0.84% at the moment leaves the stock 52.78% off its SMA200. CRUS registered 69.88% gain for a year compared to 6-month gain of 69.10%.
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The stock witnessed a 16.24% loss in the last 1 month and extending the period to 3 months gives it a 46.00%, and is 5.26% 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 2.30% over the week and 2.41% over the month.
Cirrus Logic, Inc. (CRUS) has around 1625 employees, a market worth around $7.30B and $1.79B in sales. Current P/E ratio is 27.78 and Fwd P/E is 18.83. Profit margin for the company is 15.35%. Distance from 52-week low is 110.10% and -1.48% from its 52-week high. The company has generated returns on investments over the last 12 months (14.07%).
The EPS is expected to shrink by -2.90% this year
The shares outstanding are 53.49M, and float is at 53.17M with Short Float at 1.58%.
Cirrus Logic, Inc. (CRUS) Insider Activity
The most recent transaction is an insider sale by THOMAS SCOTT, the company’s Sr VP, General Counsel. SEC filings show that THOMAS SCOTT sold 11,706 shares of the company’s common stock on Jun 12 ’24 at a price of $120.72 per share for a total of $1.41 million. Following the sale, the insider now owns 23975.0 shares.
Cirrus Logic, Inc. disclosed in a document filed with the SEC on Jun 06 ’24 that Tupman David J. (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Jun 06 ’24 and was made at $119.95 per share for $0.6 million. Following the transaction, the insider now directly holds 21719.0 shares of the CRUS stock.
Still, SEC filings show that on May 30 ’24, Tupman David J. (Director) disposed off 10,346 shares at an average price of $114.52 for $1.18 million. The insider now directly holds 21,719 shares of Cirrus Logic, Inc. (CRUS).
