The leading market experts have placed a mean price target of $52.75 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 $1.18 a share for the upcoming quarter and $3.24 for the current fiscal.
The technical analysis of Cirrus Logic, Inc. plainly substantiates that the 50-day moving average of Cirrus Logic, Inc. is $48.26, and stock is trading $3.89 points away or +8.06% from its 50-day moving average of $48.26. Further it is trading $13.21 or +33.93% away its 200-day moving average of $38.94. Cirrus Logic, Inc. (NASDAQ:CRUS) 52-week high is $53.28 and the 52-week low is $25.09.
This explains if the stock moves $-1.13, it will post a 52-week high. In event of +107.85% 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 32.37.
The stock last ended the trading session at $52.15 and registered a market cap of $3.26B. 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 0.80.
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