What Are The Chances Of Cirrus Logic, Inc. (NASDAQ: CRUS) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Cirrus Logic to Present at Upcoming Conference.

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Stocks Info

As a NASDAQ listed company, CRUS falls under the Technology sector while operating within the Semiconductors industry segment. The current market capitalization of Cirrus Logic, Inc. is $4.99B. A total of 0.24 million shares were traded on the day, compared to an average of 443.54K shares.

In the most recent transaction, Dougherty Justin E sold 3,280 shares of CRUS for 91.40 per share on Feb 22 ’24. After the transaction, the SVP, Global Operations now owns 6,000 company shares. In a previous transaction on Feb 14 ’24, THOMAS SCOTT sold 5,043 shares at 90.37 per share. CRUS shares that Sr VP, General Counsel owns now total 20,554.

Among the insiders who sold shares, Brannan Andrew disposed of 3,250 shares on Feb 08 ’24 at a per-share price of $94.00. This resulted in the VP, Worldwide Sales holding 6,055 shares of CRUS after the transaction. In another insider transaction, Nathamuni Venkatesh sold 1,000 shares at $95.00 per share on Feb 08 ’24. Company shares held by the Chief Financial Officer now total 1,587.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CRUS has a high of $111.15 and a low of $65.02.

As of this writing, CRUS has an earnings estimate of $0.64 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.7 per share and a lower estimate of $0.48. The company reported an EPS of $1.8 in the last quarter, which was 16.90% higher than expectations of $1.54.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CRUS’s latest balance sheet shows that the firm has $380.42M in Cash & Short Term Investments as of fiscal 2022. There were $177.84M in debt and $264.78M in liabilities at the time. Its Book Value Per Share was $33.39, while its Total Shareholder’s Equity was $1.60B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRUS is Buy with a score of 4.44.

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