Corsair Gaming Inc (NASDAQ: CRSR) is 87.90% higher on its value in year-to-date trading and has touched a low of $5.59 and a high of $14.12 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 CRSR stock was last observed hovering at around $12.51 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $12.42, the stock is 29.63% and 51.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -0.72% at the moment leaves the stock 49.30% off its SMA200. CRSR registered -3.12% loss for a year compared to 6-month gain of 100.32%. The firm has a 50-day simple moving average (SMA 50) of $8.1876 and a 200-day simple moving average (SMA200) of $8.31855.
The stock witnessed a 50.91% loss in the last 1 month and extending the period to 3 months gives it a 75.18%, and is 34.27% 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 9.24% over the week and 6.93% over the month.
Corsair Gaming Inc (CRSR) has around 2387 employees, a market worth around $1.30B and $1.32B in sales. Fwd P/E is 16.11. Profit margin for the company is -7.53%. Distance from 52-week low is 121.98% and -12.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.95%).
with sales reaching $366.2M over the same period.The EPS is expected to grow by 1826.51% this year, but quarterly earnings will post 14.33% year-over-year. Quarterly sales are estimated to grow 8.58% in year-over-year returns.
Corsair Gaming Inc (CRSR) Top Institutional Holders
233.0 institutions hold shares in Corsair Gaming Inc (CRSR), with institutional investors hold 90.22% of the company’s shares. The shares outstanding are 104.70M, and float is at 44.84M with Short Float at 9.38%. Institutions hold 87.35% 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 2.0975% 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.
