While Cirrus Logic, Inc. has underperformed by -1.78%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CRUS rose by 65.67%, with highs and lows ranging from $147.46 to $65.02, whereas the simple moving average jumped by 10.95% in the last 200 days.
On May 16, 2024, The Benchmark Company Downgraded Cirrus Logic, Inc. (NASDAQ: CRUS) to Hold. A report published by TD Cowen on May 08, 2024, Reiterated its previous ‘Buy’ rating for CRUS. TD Cowen also reiterated CRUS shares as ‘Outperform’, quoting a target price of $100 on the company’s shares in a report dated February 07, 2024. Loop Capital November 01, 2023d the rating to Buy on November 01, 2023, and set its price target from $83 to $100. Loop Capital May 22, 2023d its ‘Buy’ rating to ‘Hold’ for CRUS, as published in its report on May 22, 2023. TD Cowen’s report from May 05, 2023 suggests a price prediction of $100 for CRUS shares, giving the stock a ‘Outperform’ rating. KeyBanc Capital Markets also rated the stock as ‘Overweight’.
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Analysis of Cirrus Logic, Inc. (CRUS)
Further, the quarter-over-quarter increase in sales is 17.98%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Cirrus Logic, Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 17.18% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.31, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and CRUS is recording an average volume of 542.61K. On a monthly basis, the volatility of the stock is set at 3.40%, whereas on a weekly basis, it is put at 2.84%, with a loss of -2.49% over the past seven days. Furthermore, long-term investors anticipate a median target price of $159.00, showing growth from the present price of $118.87, which can serve as yet another indication of whether CRUS is worth investing in or should be passed over.
How Do You Analyze Cirrus Logic, Inc. Shares?
Cirrus Logic, Inc. (CRUS) is based in the USA and is one of the most prominent companies operating in the Semiconductors market. When comparing Cirrus Logic, Inc. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 22.02, there is a growth in quarterly earnings of 174.48%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.54%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 92.11% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CRUS shares are owned by institutional investors to the tune of 92.11% at present.
