CRSR Falls on Supplier Issues

The CRSR stock price fluctuated between $26.41 and $27.11 throughout the trading session with the volume trading being 1M shares, which represented a negative variation when compared to the three months average volume of 2M shares.

The share price of Corsair Gaming, Inc. (NasdaqGS:CRSR) ran up 2.43% to close Thursday’s market session at $26.98, higher as compared to yesterday’s close which brings the market valuation of the company to $2.5B.

The 52-week high for the Corsair Gaming, Inc.’s shares is $51.37. That puts it -47.48% from that peak but still a great gain since the share price dropped to a 52-week low of $18.59, while the S&P 500’s share price change was of 29%.

The company currently has a price target of $39.67.

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

During the last trading session, Corsair Gaming, Inc. (NasdaqGS:CRSR) has seen decay in its daily volume. The daily volume was of 2M, while in the last 10 days the average was 849.61k and last three months – 1.76M.

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.’s (NasdaqGS:CRSR) financials

With a market cap of $2.5B, 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.