Corsair Gaming (CRSR) Is Trading at 17.71 P/E and Has Dropped 12% in July

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During the last session 4M of Corsair Gaming, Inc.’s (NasdaqGS:CRSR) shares were traded. The stock closed at $27.4 per share indicating that it gained $0.27 or 1% during that day which brings the Corsair Gaming, Inc.’s valuation to $2.53B.

The 52-week high for the Corsair Gaming, Inc.’s shares is $51.37. That puts it -46.66% from that peak but still a good gain since the share price dropped to a 52-week low of $14.09, while the S&P 500’s share price change was of 33%.

What does the trading volume tell us about the CRSR stock?

During the last trading session, Corsair Gaming, Inc. (NasdaqGS:CRSR) has seen growth in its daily volume. The daily volume was of 3M, while in the last 10 days the average was 2.75M and last three months – 3.21M.


The increasing interest in the CRSR stock from the investors is helping to drive the stock price up.

Growing short interest

The Corsair Gaming, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 5.76M shares being shorted which translates into 4.19 of a short ratio for CRSR, while in the previous month the shorted shares were 4.52M.

Corsair Gaming, Inc. (NasdaqGS:CRSR)’s financials

With a market cap of 2.53B, Corsair Gaming, Inc. holds a total cash of $121.62M that translates into $1.32 per share, while the total debt is of $324.23M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 71.60%. The current revenue is of $1.92B that is $21.80 per share.


This is a great sign for a bright future.