Cirrus Logic, Inc. (CRUS) Stock: Seeing Declines In Today’s Session

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Cirrus Logic, Inc. (CRUS) is making a move down in the market today. The stock, focused in the tech space, is currently trading at $41.80 after a move down of -3.31% so far today. In terms of technology stocks, there are a number of aspects that have the potential to cause declines in the market. One of the most common is news. Here are the recent trending headlines centered around CRUS:

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Mar-07-19 08:07AM Is Cirrus Logic, Inc. (NASDAQ:CRUS) Overpaying Its CEO?
Feb-25-19 10:00AM Here’s How Cirrus Logic Makes Its Money
Feb-19-19 10:10AM Cirrus Logic Introduces Industrys Smallest, Low-Power Boosted Smart Audio Amplifier to Support Global Shift to Mobile Stereo
Feb-18-19 08:31AM Does Cirrus Logic Have a Future Beyond Apple?
Feb-14-19 09:53AM Ferrari, Cirrus Logic, Cisco and MGM highlighted as Zacks Bull and Bear of the Day

Nonetheless, when making a decision to invest, prospective investors should look at much more than just news, especially in the ever evolving tech sector. Here’s what’s happing when it comes to Cirrus Logic, Inc..

Recent Movement Out of CRUS

While a move toward the top in a single session, like what we’re seeing from Cirrus Logic, Inc. may lead to fear in some investors, a single session move alone should not be the basis of a decision to, or not to, invest in a company. It is always a good idea to look at trends just a single trading day. In the case of CRUS, here are the movements that investors have experienced:

  • Past Seven Days – In the past 5 trading sessions, CRUS has seen a change in price in the amount of 1.04%.
  • Monthly – The monthly ROI from Cirrus Logic, Inc. works out to 6.33%.
  • Past Quarter – Over the past three months, the company has produced a return that works out to 20.67%
  • Past 6 Months – Over the previous 6 months, we’ve seen a change of 8.52% from the company.
  • Year To Date – Since the the first trading session of this year CRUS has resulted in a return on investment of 25.98%.
  • Full Year – Lastly, throughout the past full year, we’ve seen performance of -3.69% from CRUS. Throughout this period of time, the stock has sold at a high of -7.91% and a low price of 33.76%.

Ratios To Pay Attention To

Digging into various ratios having to do with a company generally gives traders a look of just how dangerous and/or potentially profitable a an investment option might be. Here are a few of the important ratios to think about when looking at CRUS.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the level of short interest. As the ratio goes higher, it shows that more investors have a belief that the value of the stock is headed for declines. Across the sector, strong technology stocks can have a lower short ratio. However, we tend to see a lot of short squeezes in the industry. Nonetheless, with regard to Cirrus Logic, Inc., the stock’s short ratio comes to 5.62.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure If a company is able to cover its debts when they mature using quick assets or current assets. Because in tech, many companies are heavily reliant on continued support from investors as they work to bring new technologies to market, the quick and current ratios can be upsetting. Nonetheless, some good picks in the technology industry do have good current and quick ratios. When it comes to CRUS, the quick and current ratios total up to 2.80 and 3.80 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets owned by the company. as it relates to Cirrus Logic, Inc., that ratio equates to 18.98.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value ratio works out to 4.69.

Investors Tend To Follow The Big Money

An interesting fact I’ve learned so far in my short period here has been that good investors tend to follow big money. That is to say, investors that are looking to keep the risk down will pay close attention to trades made by institutions and insiders. So, is big money flowing when it comes to CRUS? Here’s the data:

Institutions own 91.90% of the company. Institutional interest has moved by -3.99% over the past three months. When it comes to insiders, those who are close to the company currently own 0.60% percent of CRUS shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Analysts Feel About Cirrus Logic, Inc.

While it’s never a smart idea to blindly follow the thoughts of analysts, it is a good idea to use their analysis to validate your own thoughts before making an investment decision in the tech industry. Here are the most recent moves that we’ve seen from analysts when it comes to CRUS.

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Jan-31-19 Downgrade Craig Hallum Buy → Hold $44 → $38
Dec-04-18 Reiterated Craig Hallum Buy $47 → $44
Nov-29-18 Reiterated Cowen Market Perform $44 → $42
Nov-02-18 Reiterated Craig Hallum Buy $51 → $47

Financial Results And Expectations

What have ween seen from CRUS in terms of financial results?Here’s what you need to know:

  • Analyst Expectations – Currently, Wall St. analysts have expectations that the company will generate earnings per diluted share in the amount of 2.13, with 0.12 being reported in the report for the current quarter. Although this data is not based on earnings, because we are chatting on the topic of analysts, the stock is presently graded as a 2.60 considering a scale that ranges from 1 to 5 on which 1 is the worst possible Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – Throughout the past 5 years, Cirrus Logic, Inc. has announced a change in sales that adds up to 13.60%. EPS in the past 5 years have experienced movement in the amount of 11.00%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is often explained in the human world, Cirrus Logic, Inc. has experienced a change in earnings that amounts to -64.80%. Cirrus Logic, Inc. has also seen a change in regard to sales volume that amounts to -32.80%.

What’s Going On With Share Counts?

Investors seem to like to know the total numbers of shares both available and outstanding. As far as Cirrus Logic, Inc., there are currently 59.51M with a float of 58.56M. These data mean that of the total of 59.51M shares of CRUS currently in existence today, 58.56M are able to be traded in the public realm.

It’s also important to dig into the short percent. Think about it, if a large percentage of the float is sold short, the overall feeling in the market is that the equity is headed for a dive. As far as CRUS, the percentage of the float that is shorted is 7.22%. Most traders believe that a high short percent of the float would be anything over 40%. In my research, I have seen that any short ratio over 26% is likely a risky play.

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