Cirrus Logic, Inc (NASDAQ: CRUS) kicked off on Monday, up 3.25% from the previous trading day, before settling in for the closing price of $104.45. Over the past 52 weeks, CRUS has traded in a range of $74.83-$147.46.
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During the last 5-year period, the sales growth of Technology Sector giant was 9.17%. While this was happening, its average annual earnings per share was recorded -3.23%. With a float of $52.86 million, this company’s outstanding shares have now reached $53.13 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
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Cirrus Logic, Inc is 0.53%, while institutional ownership is 93.81%. The most recent insider transaction that took place on Nov 19 ’24, was worth 560,019. In this transaction VP, R&D of this company sold 5,542 shares at a rate of $101.05, taking the stock ownership to the 10,381 shares. Before that another transaction happened on Nov 19 ’24, when Company’s Officer proposed sale 5,542 for $101.06, making the entire transaction worth $560,068.
Cirrus Logic, Inc (CRUS) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 2.89 earnings per share (EPS), higher than consensus estimate (set at 2.01) by 0.88. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.98 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.40% 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
Take a look at Cirrus Logic, Inc’s (CRUS) current performance indicators. Last quarter, 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 2.98. Likewise, its price to free cash flow for the trailing twelve months is 10.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.89, a number that is poised to hit 2.03 in the next quarter and is forecasted to reach 6.72 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 0.57 million, which is a jump from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 64.48%. Additionally, its Average True Range was 3.42.
During the past 100 days, Cirrus Logic, Inc’s (CRUS) raw stochastic average was set at 18.98%, which indicates a significant decrease from 81.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.68% in the past 14 days, which was lower than the 42.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $113.94, while its 200-day Moving Average is $113.43. However, in the short run, Cirrus Logic, Inc’s stock first resistance to watch stands at $109.63. Second resistance stands at $111.41. The third major resistance level sits at $114.01. If the price goes on to break the first support level at $105.25, it is likely to go to the next support level at $102.65. Should the price break the second support level, the third support level stands at $100.87.
Cirrus Logic, Inc (NASDAQ: CRUS) Key Stats
The company with the Market Capitalisation of 5.67 billion has total of 53,140K Shares Outstanding. Its annual sales at the moment are 1,789 M in contrast with the sum of 274,570 K annual income. Company’s last quarter sales were recorded 541,860 K and last quarter income was 102,140 K.
