Cirrus Logic, Inc. (NASDAQ:CRUS) price is hovering higher on Wednesday, May 08, jumping 9.15% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $91.13. The company’s P/E ratio in the trailing 12-month period read 20.21. Taking into account the 52-week price action we note that the stock hit a 52-week high of $95.87 and 52-week low of $65.02. The stock added 6.32% on its value in the past month.
On average, analysts have forecast the company’s revenue for the quarter will hit 302.68M, with the likely lows of 280M and highs of 324.29M. Staying with the analyst view, there is a consensus estimate of 1.78B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -0.40% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give CRUS a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 16.85. The overview shows that CRUS’s price is at present 14.19% off the SMA20 and 11.01% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 69.07, with weekly volatility standing at 2.77%. The indicator jumps to 2.48% when calculated based on the past 30 days. Cirrus Logic, Inc. (NASDAQ:CRUS)’s beta value is holding at 0.91, while the average true range (ATR) indicator is currently reading 3.11.
An analysis of the Cirrus Logic, Inc. (NASDAQ:CRUS) stock in terms of its daily trading volume indicates that the 3-month average is 401.31K.
Current records show that the company has 55.10M in outstanding shares. The insiders’ percentage holdings are 0.55% of outstanding shares while the percentage share held by institutions stands at 89.70%. But the 19.57% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
