How have the shares performed?
Cricut Inc. (CRCT) saw downtrend of -7.79% in the recent trading with $31.98 being its most recent. The current price level -17.77% lower than the highest price of $38.89 marked by the stock while trading over the past 52-weeks, whereas it is 114.92% higher than the lowest price of $14.88 the company dropped to over past 52-weeks. The latest news story on CRCT appeared in Investor’s Business Daily under the title “Logitech, Cricut Shares Fall As Morgan Stanley Moves To Sidelines” on Jun-11-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -17.77% below one month high and is +65.10% above of the lowest during that time. Looking into the simple moving average, Cricut Inc. (CRCT)’s stock stands at a SMA-50 of $26.03 while that of 5-day is reading $35.32.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.60 for the stock.
Cricut Inc. Earnings – What Happened With CRCT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Cricut Inc. (CRCT) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 14.30% for net revenue.
CRCT – Cricut Inc. Stock Earnings Estimates
The perspective of Cricut Inc. (NASDAQ:CRCT)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.21 for stock’s EPS in the current quarter. 5 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.24.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 207.31 million. CRCT does have institutional investors; and they hold 90.40% of the stock.
Cricut Inc. – Insider Activity and Holdings
As on Mar 30, 2021, Granahan Investment Management Inc. was the top most holder in Cricut Inc. (NASDAQ:CRCT) with an ownership of 2.45 million shares of the company or 14.88% of the stake worth $48.39 million. The filing also reveals FMR, LLC as the second largest holder in the company with a control over 8.86% of the outstanding shares. Its stake is worth $28.81 million for having 1.46 million shares in hand.
Franklin Resources, Inc. also came holding a key position in the company during the recent quarter and it now holds 7.65% of the outstanding shares. With this there are now 52 institutions which have possession in CRCT’s shares.
Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.60 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Cricut Inc. has a debt to equity ratio of 0.00.