While Cirrus Logic, Inc has underperformed by -3.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CRUS rose by 64.08%, with highs and lows ranging from $147.46 to $65.08, whereas the simple moving average fell by -1.30% in the last 200 days.
On October 10, 2024, Barclays Downgraded Cirrus Logic, Inc (NASDAQ: CRUS) to Equal Weight. A report published by The Benchmark Company on May 16, 2024, Downgraded its rating to ‘Hold’ for CRUS. TD Cowen also reiterated CRUS shares as ‘Buy’, quoting a target price of $115 on the company’s shares in a report dated May 08, 2024. TD Cowen Reiterated the rating as Outperform on February 07, 2024, but set its price target from $90 to $100. Loop Capital November 01, 2023d its ‘Hold’ rating to ‘Buy’ for CRUS, as published in its report on November 01, 2023. Loop Capital’s report from May 22, 2023 suggests a price prediction of $80 for CRUS shares, giving the stock a ‘Hold’ rating. TD Cowen also rated the stock as ‘Outperform’.
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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.
In order to gain a clear picture of Cirrus Logic, Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 571.07K can be a very valuable indicator of volatility for CRUS stock. On a monthly basis, the volatility of the stock is set at 3.03%, whereas on a weekly basis, it is put at 3.73%, with a loss of -9.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $152.50, showing growth from the present price of $109.82, 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?
The USA based company Cirrus Logic, Inc (CRUS) is one of the biggest names in Semiconductors. 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 20.34, there is a growth in quarterly earnings of 174.48%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 92.49% 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 92.49% at present.
