A new trading day began on Tuesday, with Cirrus Logic, Inc (NASDAQ: CRUS) stock price down -7.09% from the previous day of trading, before settling in for the closing price of $110.63. CRUS’s price has ranged from $69.23 to $147.46 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Technology Sector giant was 9.17%. Meanwhile, its annual earnings per share averaged -2.10%. With a float of $53.12 million, this company’s outstanding shares have now reached $53.49 million.
Let’s determine the extent of company efficiency that accounts for 1625 employees. In terms of profitability, gross margin is 51.59%, operating margin of 20.9%, and the pretax margin is 22.47%.
Cirrus Logic, Inc (CRUS) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Cirrus Logic, Inc is 0.54%, while institutional ownership is 92.45%. The most recent insider transaction that took place on Aug 20 ’24, was worth 2,125,555. Before that another transaction happened on Aug 16 ’24, when Company’s VP, Worldwide Sales sold 4,000 for $139.94, making the entire transaction worth $559,760. This insider now owns 3,530 shares in total.
Cirrus Logic, Inc (CRUS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -2.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.20% during the next five years compared to 27.38% growth over the previous five years of trading.
Cirrus Logic, Inc (NASDAQ: CRUS) Trading Performance Indicators
Here are Cirrus Logic, Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.88. Likewise, its price to free cash flow for the trailing twelve months is 9.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.89, a number that is poised to hit 2.16 in the next quarter and is forecasted to reach 6.76 in one year’s time.
Technical Analysis of Cirrus Logic, Inc (CRUS)
Looking closely at Cirrus Logic, Inc (NASDAQ: CRUS), its last 5-days average volume was 1.18 million, which is a jump from its year-to-date volume of 0.5 million. As of the previous 9 days, the stock’s Stochastic %D was 9.01%. Additionally, its Average True Range was 4.63.
During the past 100 days, Cirrus Logic, Inc’s (CRUS) raw stochastic average was set at 5.88%, which indicates a significant decrease from 10.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.64% in the past 14 days, which was higher than the 41.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $124.83, while its 200-day Moving Average is $111.67. However, in the short run, Cirrus Logic, Inc’s stock first resistance to watch stands at $108.09. Second resistance stands at $113.40. The third major resistance level sits at $117.44. If the price goes on to break the first support level at $98.74, it is likely to go to the next support level at $94.70. Should the price break the second support level, the third support level stands at $89.39.
Cirrus Logic, Inc (NASDAQ: CRUS) Key Stats
With a market capitalization of 5.49 billion, the company has a total of 53,411K Shares Outstanding. Currently, annual sales are 1,789 M while annual income is 274,570 K. The company’s previous quarter sales were 374,030 K while its latest quarter income was 42,100 K.
