Cricut Inc (CRCT) Reports -54.71% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Cricut Inc (NASDAQ:CRCT) does about 1.01M shares in volume on a normal day but saw 978708 shares change hands in Tuesday’s trading. The company now has a market cap of 1.62B USD. Its current market price is $7.48, marking an increase of 4.32% compared to the previous close of $7.17. The 52 week high reached by this stock is $16.51 whilst the lowest price level in 52 weeks is $4.43.

Cricut Inc (CRCT) has a 20-day trading average at $5.91 and the current price is -54.71% off the 52-week high compared with 68.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.32 and its 200-day simple moving average is $7.07. If we look at the stock’s price movements over the week, volatility stands at 13.17%, which decreases to 6.76% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 69.87 to suggest the stock is neutral.

The consensus objective for the share price is $5.17, suggesting that the stock has a potential downside of -44.68% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 13, 2023 when Goldman initiated the stock to “Neutral” and issued a price target of $7. Robert W. Baird downgraded its price target at $38-$13.

Cricut Inc (CRCT) stock is up 35.26% over the week and 49.60% over the past month. Its price is 13.51% year-to-date and -0.21% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -44.68 percent from here.

The company has a return on investment of 11.45% and return on equity of 10.30%. The price to earnings ratio (P/E ratio) amounts to 25.51 while the forward price to earnings ratio is 25.80. The beta has a value of 0.15. Price to book ratio is 2.93 and price to sales ratio is 2.16.