In the last trading session, 1.21 million shares of the Corsair Gaming Inc (NASDAQ:CRSR) were traded, and its beta was 1.76. Most recently the company’s share price was $6.31, and it changed around -$0.02 or -0.32% from the last close, which brings the market valuation of the company to $661.63M. CRSR currently trades at a discount to its 52-week high of $13.02, offering almost -106.34% off that amount. The share price’s 52-week low was $5.59, which indicates that the current value has risen by an impressive 11.41% since then. We note from Corsair Gaming Inc’s average daily trading volume that its 10-day average is 1.3 million shares, with the 3-month average coming to 1.19 million.
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 0.12 for the current quarter.
Corsair Gaming Inc (NASDAQ:CRSR) trade information
Instantly CRSR has showed a red trend with a performance of -0.32% 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 7.09 on recent trading dayincreased the stock’s daily price by 11.0%. The company’s shares are currently down -4.54% year-to-date, but still up 3.78% over the last five days. On the other hand, Corsair Gaming Inc (NASDAQ:CRSR) is -38.74% down in the 30-day period. We can see from the shorts that 3.57 million shares have been sold at a short interest cover period of 3.94 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 42.64% from its current value. Analyst projections state that CRSR is forecast to be at a low of $8 and a high of $28.
Corsair Gaming Inc (CRSR) estimates and forecasts
The year-over-year growth rate is expected to be 14.33%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 366.2M in revenue for the current quarter. 5 analysts expect Corsair Gaming Inc to make 314.02M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 337.26M and 261.3M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.58%. Forecasts for the next quarter put sales growth at 20.18%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -59.79%.
CRSR Dividends
Corsair Gaming Inc’s next quarterly earnings report is expected to be released on 2025-Feb-11.
Corsair Gaming Inc (NASDAQ:CRSR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.38% of Corsair Gaming Inc shares, and 87.49% of them are in the hands of institutional investors. The stock currently has a share float of 90.56%. Corsair Gaming Inc stock is held by 237.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 6.7212% 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.
iShares Trust-iShares Core S&P Small-Cap ETF and MFS SERIES TRUST I-MFS New Discovery Fund were the top two Mutual Funds as of Mar 31, 2025 . The former held 2.84 shares worth $17.89 million, making up 2.70% of all outstanding shares. On the other hand, MFS SERIES TRUST I-MFS New Discovery Fund held roughly 2.31 shares worth around $14.57 million, which represents about 2.20% of the total shares outstanding.
