Stock In Limelight: Cirrus Logic, Inc. (NASDAQ:CRUS)


Cirrus Logic, Inc. (NASDAQ:CRUS) has obtained a mean price target of $45.8800 by market experts. The research group First Call has reached this mean recommendation by taking into account the recommendations of leading analysts in the market. These market experts have disclosed projected earnings of $0.6600 a share for the near-term quarter and $2.8500 for this year. Technical View The technical analysis of Cirrus Logic, Inc. clearly shows that the moving average of 50-days of Cirrus Logic, Inc. (NASDAQ:CRUS) stock is $37.6053, and stock is trading 2.5446 or +6.7666% off from $37.6053. Coming to moving average of 200-days, it is $34.3317, and the stock is $5.8182 or +16.9470% off from this point. The 52-week high of Cirrus Logic, Inc. (NASDAQ:CRUS) was $41.0400 while $24.5600 is the low in the same period. This state Cirrus Logic, Inc. shares price has to travel more than $-0.8901 to register a new high of 52-weeks or drop $+63.4768% to touch a new 52-week low point. MA here stands for moving average. Taking the Valuation Aspect To reach the estimation of Cirrus Logic, Inc., investors use price-to-earnings ratio, which is truncated as P/E ratio. It assesses shares price by the relative expense of the stock. Cirrus Logic, Inc. (NASDAQ:CRUS) ratio came in at 21.4705, which was derived by dividing current price of stock by yearly earnings. Cirrus Logic, Inc. stock recorded a close of $40.1499 in last trading session, reaching a market cap of $2.50B. Investors calculate the Price-to-Earnings-Growth ratio to get a clear view on the valuation of a firm. In the case of a higher PEG ratio, the shareholders look to sell their stock holdings. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2. The Cirrus Logic, Inc. (NASDAQ:CRUS) PEG ratio is at 1.1600.

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