Cirrus Logic, Inc. (NASDAQ:CRUS) mean price target is revealed at $53.88 by Thomson Reuters. The group followed the stock recommendations given by experts in the First Call poll. Also, it is possible that the firm may list per share earnings of $1.18 in the coming quarter and $3.24 for the ongoing fiscal. The market cap of Cirrus Logic, Inc. was $3.10B after the equity closed at $49.18 in last trading day.
What The Valuation Says?
The price/earnings ratio is listed in the group of ratios that are used for stock valuation. Commonly entitled as P/E ratio, it aids investors know where the firm positions in the market. It is a consequent when share’s latest price is divided by per-share earnings. Cirrus Logic, Inc. (NASDAQ:CRUS) has a P/E ratio of 30.76. Investors can ascertain how the stock is doing in the industry by assessing Price-to-Earnings Growth ratio.
In common, a high P/E proposes that investors are predicting higher earnings surge in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.
Cirrus Logic, Inc. (NASDAQ:CRUS) PEG ratio sits at 0.76. A low PEG ratio presents an investment opportunity to the resourceful traders and investors. The stocks with a reading in between 0 and 1 are undervalued equities. A reading of 1 and 2 denotes fairly priced stocks.
The technical study of Cirrus Logic, Inc. visibly elucidates that the 50-day MA of Cirrus Logic, Inc. is $50.21, and stock is trading $-0.65 points away or -1.29% from 50-day moving average of $50.21. It is trading $9.79 or +24.61% away 200-day moving average of $39.77. Cirrus Logic, Inc. (NASDAQ:CRUS) 52-week high is $53.28 and the 52-week low is $25.09. This represents that if the equity moves $-3.72 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +97.53%, then the share price can log a new 52-week low.
1 Chart Pattern Every Investor Should Know
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