Corsair (CRSR) Still Holds a Strong Potential

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The CRSR stock price fluctuated between $26.82 and $28.82 throughout the trading session with the volume trading being 4M shares, which represented a positive variation when compared to the three months average volume of 3M shares.

The share price of Corsair Gaming, Inc. (NasdaqGS:CRSR) ran up 2.8% to close Monday’s market session at $28.31, higher as compared to yesterday’s close which brings the market valuation of the company to $2.66B.

The 52-week high for the Corsair Gaming, Inc.’s shares is $51.37. That puts it -44.89% from that peak but still a 93.26% 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 27.87%.

The company currently has a 18.02 P/E ratio and a price target of $39.67.

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 1.34M and last three months – 3.3M.

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

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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 8.73M shares being shorted which translates into 4.25 of a short ratio for CRSR, while in the previous month the shorted shares were 5.62M.

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

With a market cap of 2.66B, Corsair Gaming, Inc. holds a total cash of $134.57M that translates into $1.43 per share, while the total debt is of $330.25M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 24.30%. The current revenue is of $2.02B that is $22.30 per share.

This is a great sign for a bright future.