Cricut Inc (NASDAQ: CRCT) is 0.53% higher on its value in year-to-date trading and has touched a low of $4.11 and a high of $7.79 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 $5.78 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $5.73, the stock is -1.19% and 0.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing -0.87% at the moment leaves the stock -2.31% off its SMA200. CRCT registered 3.09% gain for a year compared to 6-month gain of -3.86%. The firm has a 50-day simple moving average (SMA 50) of $5.6802 and a 200-day simple moving average (SMA200) of $6.00005.
The stock witnessed a -9.62% loss in the last 1 month and extending the period to 3 months gives it a -17.32%, and is 3.06% 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 2.40% over the week and 3.65% over the month.
Cricut Inc (CRCT) has around 690 employees, a market worth around $1.23B and $734.48M in sales. Current P/E ratio is 20.01 and Fwd P/E is 19.45. Profit margin for the company is 8.47%. Distance from 52-week low is 39.39% and -26.49% from its 52-week high. The company has generated returns on investments over the last 12 months (12.91%).
with sales reaching $214.41M over the same period.The EPS is expected to grow by 16.52% this year, but quarterly earnings will post -5.95% year-over-year. Quarterly sales are estimated to shrink -7.28% in year-over-year returns.
Cricut Inc (CRCT) Top Institutional Holders
181.0 institutions hold shares in Cricut Inc (CRCT), with institutional investors hold 49.95% of the company’s shares. The shares outstanding are 53.34M, and float is at 44.84M with Short Float at 9.48%. Institutions hold 43.72% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.47 million shares valued at $26.79 million. The investor’s holdings represent 2.0747% of the CRCT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.28 million shares valued at $19.63 million to account for 1.5203 of the shares outstanding. The other top investors are TENZING GLOBAL MANAGEMENT, LLC which holds 2.05 million shares representing 0.9511% and valued at over $12.28 million, while MORGAN STANLEY holds 0.947 of the shares totaling 2.04 million with a market value of $12.23 million.
Cricut Inc (CRCT) Insider Activity
The most recent transaction is an insider sale by Ashish Arora, the company’s Chief Executive Officer. SEC filings show that Ashish Arora sold 21,250 shares of the company’s common stock on Jan 06 ’25 at a price of $5.93 per share for a total of $0.13 million. Following the sale, the insider now owns 3.76 million shares.
Cricut Inc disclosed in a document filed with the SEC on Jan 07 ’25 that Ashish Arora (Chief Executive Officer) sold a total of 21,250 shares of the company’s common stock. The trade occurred on Jan 07 ’25 and was made at $5.78 per share for $0.12 million. Following the transaction, the insider now directly holds 3.74 million shares of the CRCT stock.
Still, SEC filings show that on Jan 08 ’25, Ashish Arora (Chief Executive Officer) disposed off 21,250 shares at an average price of $5.63 for $0.12 million. The insider now directly holds 3,717,090 shares of Cricut Inc (CRCT).
