In the last trading session, 1.55 million shares of the Corsair Gaming Inc (NASDAQ:CRSR) were traded, and its beta was 1.67. Most recently the company’s share price was $9.75, and it changed around $0.5 or 5.41% from the last close, which brings the market valuation of the company to $1.02B. CRSR currently trades at a discount to its 52-week high of $14.12, offering almost -44.82% off that amount. The share price’s 52-week low was $5.59, which indicates that the current value has risen by an impressive 42.67% since then. We note from Corsair Gaming Inc’s average daily trading volume that its 10-day average is 1.05 million shares, with the 3-month average coming to 703.35K.
Corsair Gaming Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.17. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended CRSR as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Corsair Gaming Inc is expected to report earnings per share of 0.16 for the current quarter.
Corsair Gaming Inc (NASDAQ:CRSR) trade information
Instantly CRSR has showed a green trend with a performance of 5.41% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.92 on recent trading dayincreased the stock’s daily price by 1.71%. The company’s shares are currently up 47.50% year-to-date, but still up 7.03% over the last five days. On the other hand, Corsair Gaming Inc (NASDAQ:CRSR) is 29.31% up in the 30-day period. We can see from the shorts that 3.55 million shares have been sold at a short interest cover period of 6.0 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to decrease their stock price by -21.88% from its current value. Analyst projections state that CRSR is forecast to be at a low of $8 and a high of $8.
Corsair Gaming Inc (CRSR) estimates and forecasts
The year-over-year growth rate is expected to be -11.59%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 387.92M in revenue for the current quarter. 5 analysts expect Corsair Gaming Inc to make 370.46M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 417.29M and 337.26M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -7.04%. Forecasts for the next quarter put sales growth at 9.85%.
Corsair Gaming Inc earnings are expected to increase by -118.70% in 2025, but the outlook is positive 9.59% per year for the next five years.
CRSR Dividends
Corsair Gaming Inc’s next quarterly earnings report is expected to be released in March.
Corsair Gaming Inc (NASDAQ:CRSR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.18% of Corsair Gaming Inc shares, and 86.56% of them are in the hands of institutional investors. The stock currently has a share float of 89.40%. Corsair Gaming Inc stock is held by 216.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 6.7467% of the shares, which is about 6.99 million shares worth $77.14 million.
VANGUARD GROUP INC, with 5.3279% or 5.52 million shares worth $60.92 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
