Stock To Watch: Cirrus Logic, Inc. (NASDAQ:CRUS)


The leading market experts have placed a mean price target of $45.88 on Cirrus Logic, Inc. (NASDAQ:CRUS) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.00 a share for the upcoming quarter and $2.85 for the current fiscal. Technical View The technical analysis of Cirrus Logic, Inc. plainly substantiates that the 50-day moving average of Cirrus Logic, Inc. is $38.16, and stock is hovering 2.04 or +5.35% distant from $38.16. It is noted that the 200-day MA is $34.65, and Cirrus Logic, Inc. stock is $5.55 or +16.01% off from this point. Cirrus Logic, Inc. (NASDAQ:CRUS) 52-week high is $41.21 and the 52-week low is $24.56. This explains if the stock moves $-1.01, it will post a 52-week high. In event of $+63.68% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Cirrus Logic, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Cirrus Logic, Inc. (NASDAQ:CRUS) ratio came in at 21.50. The stock last ended the trading session at $40.20 and registered a market cap of $2.50B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Cirrus Logic, Inc. (NASDAQ:CRUS) PEG ratio is at 1.19.

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