During the last session, Cricut Inc. (NASDAQ:CRCT)’s traded shares were 0.56 million. At the end of the trading day, the stock’s price was $34.01, reflecting an intraday gain of 6.61% or $2.11. The 52-week high for the CRCT share is $47.36, that puts it down -39.25 from that peak though still a striking 56.25% gain since the share price plummeted to a 52-week low of $14.88. The company’s market capitalization is $7.80B, and the average intraday trading volume over the past 10 days was 0.59 million shares, and the average trade volume was 862.58K shares over the past three months.
Cricut Inc. (NASDAQ:CRCT) trade information
Cricut Inc. (CRCT) registered a 6.61% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.61% in intraday trading to $34.01 this Friday, 09/24/21, hitting a weekly high. The stock’s 5-day price performance is 12.02%, and it has moved by 19.75% in 30 days. The short interest in Cricut Inc. (NASDAQ:CRCT) is 0.64 million shares and it means that shorts have 0.97 day(s) to cover.
Cricut Inc. (CRCT) estimates and forecasts
In the rating firms’ projections, revenue will increase 41.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $256.82 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $401.99 million by the end of Dec 2021.
While earnings are projected to return 294.20% in 2021, the next five years will return 14.80% per annum.
Cricut Inc. is due to release its next quarterly earnings in October. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cricut Inc. (NASDAQ:CRCT)’s Major holders
Cricut Inc. insiders own 10.19% of total outstanding shares while institutional holders control 88.85%, with the float percentage being 98.93%. Granahan Investment Management Inc. is the largest shareholder of the company, while 49 institutions own stock in it. As of Mar 30, 2021, the company held over 2.45 million shares (or 14.88% of all shares), a total value of $48.39 million in shares.
The next largest institutional holding, with 1.46 million shares, is of FMR, LLC’s that is approximately 8.86% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $28.81 million.
Also, the Mutual Funds coming in first place with the largest holdings of Cricut Inc. (CRCT) shares are Carillon Ser Tr-Carillon Eagle Small Cap Growth Fund and Fidelity Select Portfolios – Technology. Data provided on Mar 30, 2021 indicates that Carillon Ser Tr-Carillon Eagle Small Cap Growth Fund owns about 0.69 million shares. This amounts to just over 4.19 percent of the company’s overall shares, with a $13.63 million market value. The same data shows that the other fund manager holds slightly less at 0.18 million, or about 1.07% of the stock, which is worth about $3.47 million.