How Analysts Feel About Cirrus Logic Inc. (CRUS)?


As of Wednesday close, Cirrus Logic Inc.’s (NASDAQ:CRUS) stock was up $1.02, moving up 1.34 percent to $76.93. The average number of shares traded per day over the past five days has been 415,740 shares. 2 times new highs have been achieved over the past 5 days, with a $2.46 gain in that time frame. In the last twenty days, the average volume was 659,290, while in the previous 50 days, it was 573,528.

Since last month, CRUS stock rose 12.57%. Shares of the company fell to $65.10 on 10/27/22, the lowest level in the past month. A 52-week high of $95.84 was reached on 01/12/22 after having rallying from a 52-week low of $61.94. Since the beginning of this year, CRUS’s stock price has dropped by -16.40% or -$15.09, and marked a new high 2 times. However, the stock has declined by -19.73% since its 52-week high.

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CRUS stock investors should be aware that Cirrus Logic Inc. (CRUS) stock had its last reported insider trading activity 108 days ago on Aug 08. DAVERN ALEXANDER M, the Director of the company, disposed of 1,000 shares for $84.74 on Aug 08. It resulted in a $84,740 divestment by the insider. Alberty Carl Jackson sold 1,823 shares at an average price of $88.24 on Aug 04. The insider now owns 33,014 shares following the transaction. On May 17, VP, Engineering Operation Dougherty Justin E sold 4,039 shares at $80.94 apiece. The transaction was valued at $326,918.

Valuation Metrics

Right now, Cirrus Logic Inc. (CRUS) has a P/E ratio of about 12.80. The stock’s beta is 0.97. Besides these, the trailing price-to-sales (P/S) ratio of 2.08, the price-to-book (PB) ratio of 2.59, and the price-to-cash flow ratio of 20.10 may also be considered.

Financial Health

In the three months ended June 29, Cirrus Logic Inc.’s quick ratio stood at 2.80, while its current ratio was 3.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 51.80% percent. In the year ended June 29, operating margins totaled 21.40%. Based on annual data, CRUS earned $923.64 million in gross profit and brought in $1.78 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.30%. Return on equity (ROE) for the past 12 months was 21.90%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CRUS’s revenue rose 48.71% to $393.64 million during the quarter, while net income inched up to $540.57 million. While analysts expected Cirrus Logic Inc. to report $0.83 quarterly earnings, the actual figure was $1.12 per share, beating the consensus estimate by 34.90%. During the quarter, the company generated $133.44 million in EBITDA. The liabilities of Cirrus Logic Inc. were 509.45 million at the end of its most recent quarter ended June 29, and its total debt was $173.33 million. The value of shareholders’ equity is $55.06 million.

Technical Picture

This quick technical analysis looks at Cirrus Logic Inc.’s (CRUS) price momentum. With a historical volatility rate of 40.60%, the RSI 9-day stood at 62.85% on 23 November.

With respect to its five-day moving average, the current Cirrus Logic Inc. price is up by +3.30% percent or $2.46. At present, CRUS shares trade +14.94% above its 20-day simple moving average and +10.48% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.97% above its SMA50 and -7.76% below its SMA200.

Stochastic coefficient K was 78.91% and Stochastic coefficient D was 77.05%, while ATR was 2.63. Given the Stochastic reading of 90.38% for the 14-day period, the RSI (14) reading has been calculated as 60.24%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 2.27.

Analyst Ratings

Barclays reiterated its an Overweight rating on Cirrus Logic Inc. (NASDAQ: CRUS) in a note to investors. The analysts firm has however raised their price target to $120, representing a possible 23.07% increase in the stock price. Cirrus Logic Inc. (CRUS) has been rated Overweight by analysts. According to 0 brokerage firms, CRUS is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Cirrus Logic Inc. stock as buy, with 7 recommending it as overweight.

With a median target price of $90.00, the current consensus forecast for the stock is $75.00 – $105.00. Based on these forecasts, analysts predict Cirrus Logic Inc. (CRUS) will achieve an average price target of $91.22.


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