Corsair Gaming Inc (NASDAQ: CRSR) is -51.42% lower on its value in year-to-date trading and has touched a low of $5.59 and a high of $15.07 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 $7.12 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $6.85, the stock is 2.85% and 3.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -3.79% at the moment leaves the stock -30.00% off its SMA200. CRSR registered -46.23% loss for a year compared to 6-month loss of -36.81%. The firm has a 50-day simple moving average (SMA 50) of $6.6007 and a 200-day simple moving average (SMA200) of $9.818925.
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The stock witnessed a 0.44% gain in the last 1 month and extending the period to 3 months gives it a 11.20%, and is 6.78% 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 7.29% over the week and 4.65% over the month.
Corsair Gaming Inc (CRSR) has around 2387 employees, a market worth around $713.40M and $1.32B in sales. Fwd P/E is 13.14. Profit margin for the company is -7.14%. Distance from 52-week low is 22.43% and -54.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.58%).
The EPS is expected to shrink by -107.60% this year
212.0 institutions hold shares in Corsair Gaming Inc (CRSR), with institutional investors hold 86.69% of the company’s shares. The shares outstanding are 103.25M, and float is at 44.32M with Short Float at 7.88%. Institutions hold 83.92% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.99 million shares valued at $77.14 million. The investor’s holdings represent 6.7467 of the CRSR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.52 million shares valued at $60.92 million to account for 5.3279 of the shares outstanding. The other top investors are MASSACHUSETTS FINANCIAL SERVICES CO /MA/ which holds 2.18 million shares representing 2.1054 and valued at over $24.07 million, while DIMENSIONAL FUND ADVISORS LP holds 1.6821 of the shares totaling 1.74 million with a market value of $19.23 million.
Corsair Gaming Inc (CRSR) Insider Activity
The most recent transaction is an insider sale by Potter Michael G, the company’s Chief Financial Officer. SEC filings show that Potter Michael G sold 1,947 shares of the company’s common stock on Jul 05 ’24 at a price of $10.33 per share for a total of $20113.0. Following the sale, the insider now owns 70412.0 shares.
Corsair Gaming Inc disclosed in a document filed with the SEC on Jan 08 ’24 that La Thi L (President & COO) sold a total of 3,837 shares of the company’s common stock. The trade occurred on Jan 08 ’24 and was made at $14.00 per share for $53718.0. Following the transaction, the insider now directly holds 0.21 million shares of the CRSR stock.
