Cricut Inc (NASDAQ: CRCT) stock fell -2.53% on Monday to $7.32 against a previous-day closing price of $7.51. With 0.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.24 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $7.93 whereas the lowest price it dropped to was $7.27. The 52-week range on CRCT shows that it touched its highest point at $16.51 and its lowest point at $6.60 during that stretch. It currently has a 1-year price target of $7.65. With its current market cap of 1.60 billion, CRCT has annualized dividend of $0.68 while the current yield stands at 9.22%. Beta for the stock currently stands at 0.28.
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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 CRCT was down-trending over the past week, with a drop of -3.30%, but this was down by -9.96% over a month. Three-month performance dropped to -19.82% while six-month performance fell -14.46%. The stock gained 0.67% in the past year, while it has lost -11.28% so far this year. A look at the trailing 12-month EPS for CRCT yields 0.24 with Next year EPS estimates of 0.32. For the next quarter, that number is 0.06. This implies an EPS growth rate of -8.55% for this year and 24.56% for next year.
Float and Shares Shorts:
At present, 219.17 million CRCT shares are outstanding with a float of 43.79 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.02 million, which was 3.19% higher than short shares on Sep 28, 2023. In addition to Mr. Ashish Arora as the firm’s CEO, President & Director, Mr. Kimball Shill serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 44.22% of CRCT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 41.77% of CRCT, in contrast to 34.60% held by mutual funds. Shares owned by individuals account for 17.10%. As the largest shareholder in CRCT with 25.65% of the stake, Abdiel Capital Advisors LP holds 13,586,303 shares worth 13,586,303. A second-largest stockholder of CRCT, The Vanguard Group, Inc., holds 3,083,016 shares, controlling over 5.82% of the firm’s shares. Morgan Stanley Investment Managem is the third largest shareholder in CRCT, holding 3,078,672 shares or 5.81% stake. With a 2.08% stake in CRCT, the iShares Russell 2000 ETF is the largest stakeholder. A total of 1,100,592 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.54% of CRCT stock, is the second-largest Mutual Fund holder. It holds 817,539 shares valued at 6.97 million. Vanguard Small Cap Index Fund holds 1.42% of the stake in CRCT, owning 752,136 shares worth 6.42 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRCT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRCT analysts setting a high price target of $10.00 and a low target of $4.60, the average target price over the next 12 months is $7.65. Based on these targets, CRCT could surge 36.61% to reach the target high and fall by -37.16% to reach the target low. Reaching the average price target will result in a growth of 4.51% from current levels.
Dividends & Yield:
In terms of dividends, CRCT has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CRCT currently yields $––. In the past year, CRCT’s dividend yield has been $––, but when looking at the stock over the past five years, its yield has been $––. Accordingly, CRCT has a current buyback yield of $0.82. This was $0.82 for the TTM, and it was $– for the past five years.
Summary of Insider Activity:
Insiders traded CRCT stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 45,000 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 1,473,236 while 222,452 shares were sold.
