Is Corsair Gaming Inc (NASDAQ: CRSR) Stock On Course For Another Boom Or Bust?

During the last session, Corsair Gaming Inc (NASDAQ:CRSR)’s traded shares were 0.71 million, with the beta value of the company hitting 1.77. At the end of the trading day, the stock’s price was $9.03, reflecting an intraday loss of -1.95% or -$0.18. The 52-week high for the CRSR share is $13.02, that puts it down -44.19 from that peak though still a striking 38.1% gain since the share price plummeted to a 52-week low of $5.59. The company’s market capitalization is $955.56M, and the average trade volume was 893.51K shares over the past three months.

Corsair Gaming Inc (CRSR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.17. CRSR has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.

Corsair Gaming Inc (NASDAQ:CRSR) trade information

Corsair Gaming Inc (CRSR) registered a -1.95% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.95% in intraday trading to $9.03, hitting a weekly high. The stock’s 5-day price performance is -4.34%, and it has moved by 4.88% in 30 days. Based on these gigs, the overall price performance for the year is -19.73%.

The consensus price target of analysts on Wall Street is $10, which implies an increase of 9.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $10 respectively. As a result, CRSR is trading at a discount of -10.74% off the target high and -10.74% off the low.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -59.79%. While earnings are projected to return 1754.00% in 2025.

CRSR Dividends

Corsair Gaming Inc is due to release its next quarterly earnings on 2025-May-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Corsair Gaming Inc (NASDAQ:CRSR)’s Major holders

Corsair Gaming Inc insiders own 3.28% of total outstanding shares while institutional holders control 89.71%, with the float percentage being 92.75%. BLACKROCK INC. is the largest shareholder of the company, while 249.0 institutions own stock in it. As of 2024-06-30, the company held over 6.99 million shares (or 6.7212% of all shares), a total value of $77.14 million in shares.

The next largest institutional holding, with 5.52 million shares, is of VANGUARD GROUP INC’s that is approximately 5.3078% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $60.92 million.

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