With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.68 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $101.7299 whereas the lowest price it dropped to was $99.22. The 52-week range on CRUS shows that it touched its highest point at $147.46 and its lowest point at $75.92 during that stretch. It currently has a 1-year price target of $130.00. Beta for the stock currently stands at 0.92.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRUS was down-trending over the past week, with a drop of -5.90%, but this was down by -0.42% over a month. Three-month performance dropped to -18.64% while six-month performance fell -20.48%. The stock gained 19.62% in the past year, while it has gained 20.40% so far this year. A look at the trailing 12-month EPS for CRUS yields 5.89 with Next year EPS estimates of 6.72. For the next quarter, that number is 2.03. This implies an EPS growth rate of -3.23% for this year and 5.34% for next year. EPS is expected to grow by 3.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.38%.
Float and Shares Shorts:
At present, 53.13 million CRUS shares are outstanding with a float of 52.86 million shares on hand for trading. On 2024-11-29, short shares totaled 1.95 million, which was 367.00000000000006 higher than short shares on 1730332800. In addition to Mr. John M. Forsyth as the firm’s CEO, President & Director, Mr. Gregory Scott Thomas serves as its Senior VP & General Counsel.
Institutional Ownership:
Through their ownership of 0.94954 of CRUS’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-28, CRUS reported revenue of $541857000.0 and operating income of $131852000.0. The EBITDA in the recently reported quarter was $152867000.0 and diluted EPS was $1.83.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRUS since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRUS analysts setting a high price target of 160.0 and a low target of 105.0, the average target price over the next 12 months is 134.0. Based on these targets, CRUS could surge 59.74% to reach the target high and rise by 4.83% to reach the target low. Reaching the average price target will result in a growth of 33.79% from current levels.
Analysts have provided yearly estimates in a range of $6.03059 being high and $5.97089 being low. For CRUS, this leads to a yearly average estimate of $6.00074. Based on analyst estimates, the high estimate for the next quarter is $1.15 and the low estimate is $0.79. The average estimate for the next quarter is thus $0.98.
