With 1.5 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.67 million shares. The 52-week range on CRUS shows that it touched its highest point at $147.46 and its lowest point at $75.83 during that stretch. It currently has a 1-year price target of $123.33. 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 0.65%, but this was up by 16.56% over a month. Three-month performance dropped to -11.60% while six-month performance fell -12.37%. The stock gained 9.25% in the past year, while it has lost -2.93% so far this year. A look at the trailing 12-month EPS for CRUS yields 6.00 with Next year EPS estimates of 7.64. For the next quarter, that number is 1.05. This implies an EPS growth rate of -7.10% for this year and 9.03% for next year.
Float and Shares Shorts:
At present, 53.14 million CRUS shares are outstanding with a float of 52.83 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRUS since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.03059 being high and $5.97089 being low. For CRUS, this leads to a yearly average estimate of $6.00074.
