Does Cirrus Logic, Inc. (CRUS) offer a good opportunity for investors?

With 0.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $112.67 whereas the lowest price it dropped to was $109.89. The 52-week range on CRUS shows that it touched its highest point at $111.74 and its lowest point at $65.02 during that stretch. It currently has a 1-year price target of $111.12. Beta for the stock currently stands at 0.95.

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 CRUS was up-trending over the past week, with a rise of 9.94%, but this was up by 30.99% over a month. Three-month performance surged to 23.87% while six-month performance rose 55.76%. The stock gained 40.39% in the past year, while it has gained 35.11% so far this year. A look at the trailing 12-month EPS for CRUS yields 4.92 with Next year EPS estimates of 7.04. For the next quarter, that number is 0.60. This implies an EPS growth rate of -4.88% for this year and 12.37% for next year. EPS is expected to grow by 1.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.38%.

Float and Shares Shorts:

At present, 55.10 million CRUS shares are outstanding with a float of 53.63 million shares on hand for trading. On 2024-04-30, short shares totaled 0.76 million, which was 140.99999 higher than short shares on 1711584000. In addition to Mr. John M. Forsyth as the firm’s CEO, President & Director, Mr. Venkatesh R. Nathamuni serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.91498 of CRUS’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-30, CRUS reported revenue of $nan and operating income of $nan. The EBITDA in the recently reported quarter was $nan and diluted EPS was $0.81.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRUS 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.