With 0.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.7 million shares. The 52-week range on CRUS shows that it touched its highest point at $147.46 and its lowest point at $81.30 during that stretch. It currently has a 1-year price target of $130.83. Beta for the stock currently stands at 0.88.
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 -1.41%, but this was up by 10.47% over a month. Three-month performance surged to 7.10% while six-month performance fell -24.00%. The stock gained 19.43% in the past year, while it has gained 10.29% so far this year. A look at the trailing 12-month EPS for CRUS yields 5.50 with Next year EPS estimates of 6.86. For the next quarter, that number is 1.18. This implies an EPS growth rate of 6.96% for this year and -2.72% for next year. EPS is expected to grow by 5.27% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.38%.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. 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 $1.03 and the low estimate is $0.74. The average estimate for the next quarter is thus $0.86.
