Why Cirrus Logic, Inc. (NASDAQ:CRUS) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $45.22 on Cirrus Logic, Inc. (NASDAQ:CRUS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.90 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Cirrus Logic, Inc. (NASDAQ:CRUS) stands at 20.12. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Cirrus Logic, Inc., the PEG ratio for coming 3-5 years is 1.19. Technical Analysis The technical analysis highlights that Cirrus Logic, Inc. current price is trading $1.91 points away +5.35% from $35.72, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $33.80 and, for now, the stock price is trading $3.83 or +11.35% away from that point. The 52-week high of Cirrus Logic, Inc. (NASDAQ:CRUS) was $40.98 while lowest point recorded in 52-week was $24.56. It implies if stock price makes a movement of over $-3.35, it will record a new 52-week high. In the case of $+53.22% points drop, it will touch a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 3 times, 1 visits today)