In last trading session, Corsair Gaming, Inc. (NASDAQ:CRSR) saw 3,642,237 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $37.9 trading at $2.81 or 8.01% at ring of the bell on the day assigns it a market valuation of $3.48 Billion. That closing price of CRSR’s stock is at a discount of -2.85% from its 52-week high price of $38.98 and is indicating a premium of 62.82% from its 52-week low price of $14.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.13 Million shares which gives us an average trading volume of 2.6 Million if we extend that period to 3-months.
For Corsair Gaming, Inc. (CRSR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.7. Splitting up the data highlights that, out of 9 analysts covering the stock, none rated the stock as a Sell while 1 recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 8 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.37 in the current quarter.
Corsair Gaming, Inc. (NASDAQ:CRSR) trade information
Wall Street analysts have assigned a consensus price target of $31.56 to the stock, which implies targetted prices is already lagging behind -16.73% to its current value. Analysts have been projecting $30 as a low price target for the stock while placing it at a high target of $34. It follows that stock’s current price would jump -10.29% in reaching the projected high whereas dropping to the targeted low would mean a loss of -20.84% for stock’s current value.
Corsair Gaming, Inc. (CRSR) estimates and forecasts
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $482.38 Million for the same. And 7 analysts are in estimates of company making revenue of $367.71 Million in the next quarter that will end in March 01, 2021.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 38.8% while estimates for its earnings growth in next 5 years are of 0%
Corsair Gaming, Inc. (NASDAQ:CRSR)’s Major holders
Insiders are in possession of 5.57% of company’s total shares while institution are holding 91.18% percent of that, with stock having share float percentage of 96.56%. Investors also watch the number of corporate investors in a company very closely, which is 56 institutions for Corsair Gaming, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CRSR for having 2.16 Million shares of worth $43.44 Million. And as of September 29, 2020, it was holding 2.35% of the company’s outstanding shares.
The second largest institutional holder is JP Morgan Chase & Company, which was holding about 1.96 Million shares on September 29, 2020. The number of shares represents firm’s hold over 2.13% of outstanding shares, having a total worth of $39.39 Million.
On the other hand, JP Morgan Small Cap Growth Fund and ETF Managers Tr-Wedbush ETFMG Video Game Tech ETF are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 1270063 shares of worth $25.53 Million or 1.38% of the total outstanding shares. The later fund manager was in possession of 161.82 Thousand shares on September 29, 2020, making its stake of worth around $3.25 Million in the company or a holder of 0.18% of company’s stock.