Analysts Point To Cricut Inc (NASDAQ: CRCT) Growth In The Future

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.

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Stocks Info

As a NASDAQ listed company, CRCT falls under the Technology sector while operating within the Computer Hardware industry segment. The current market capitalization of Cricut Inc is $1.30B. A total of 0.8 million shares were traded on the day, compared to an average of 834.24K shares.

In the most recent transaction, Ashish Arora sold 24,134 shares of CRCT for 6.97 per share on May 17 ’24. After the transaction, the Chief Executive Officer now owns 1,585,334 company shares. In a previous transaction on May 16 ’24, Ashish Arora sold 55,029 shares at 7.10 per share. CRCT shares that Chief Executive Officer owns now total 1,609,468.

Among the insiders who sold shares, Ashish Arora disposed of 52,901 shares on May 15 ’24 at a per-share price of $7.29. This resulted in the Chief Executive Officer holding 1,898,769 shares of CRCT after the transaction. In another insider transaction, Olsen Donald B. sold 11,045 shares at $7.48 per share on May 15 ’24. Company shares held by the EVP, General Counsel & Sec. now total 562,873.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Cricut Inc pays an annual dividend of $0.10, resulting in a dividend yield of 1.66%, and it has a price to earnings (P/E) ratio of 20.53. CRCT’s most recent ex-dividend date was 7/2/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 7/19/2024. Previously, the company paid the dividend on 7/17/2023 with an ex-dividend date of 6/30/2023. The CRCT stock dividend was $1.00 per share in cash.

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, CRCT has a high of $11.08 and a low of $4.11.

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. CRCT’s latest balance sheet shows that the firm has $241.60M in Cash & Short Term Investments as of fiscal 2021. There were $19.54M in debt and $308.37M in liabilities at the time. Its Book Value Per Share was $2.55, while its Total Shareholder’s Equity was $673.98M.

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 CRCT is Buy with a score of 2.20.

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