Cirrus Logic Stock Price on December 19, 2023
| CRUS Stock | USD 110.02 2.20 1.96% |
Below is the normalized historical share price chart for Cirrus Logic extending back to June 09, 1989. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cirrus Logic stands at 110.02, as last reported on the 17th of May 2024, with the highest price reaching 111.43 and the lowest price hitting 108.68 during the day.
If you're considering investing in Cirrus Stock, it is important to understand the factors that can impact its price. Cirrus Logic appears to be very steady, given 3 months investment horizon. Cirrus Logic secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cirrus Logic, which you can use to evaluate the volatility of the firm. Please makes use of Cirrus Logic's Downside Deviation of 1.82, mean deviation of 1.63, and Risk Adjusted Performance of 0.1054 to double-check if our risk estimates are consistent with your expectations.
At this time, Cirrus Logic's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 69.8 M in 2024, despite the fact that Sale Purchase Of Stock is likely to grow to (179.1 M). . At this time, Cirrus Logic's Price To Sales Ratio is comparatively stable compared to the past year. Price Earnings Ratio is likely to gain to 19.07 in 2024, whereas Price To Free Cash Flows Ratio is likely to drop 10.45 in 2024. Cirrus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of June 1989 | 200 Day MA 81.7026 | 50 Day MA 91.5096 | Beta 0.986 |
Cirrus |
Sharpe Ratio = 0.1611
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Estimated Market Risk
| 2.34 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Cirrus Logic is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cirrus Logic by adding it to a well-diversified portfolio.
Price Book 2.6498 | Enterprise Value Ebitda 14.6261 | Price Sales 2.6686 | Shares Float 53.4 M | Wall Street Target Price 108.75 |
Cirrus Logic Valuation on December 19, 2023
It is possible to determine the worth of Cirrus Logic on a given historical date. On December 19, 2023 Cirrus was worth 83.68 at the beginning of the trading date compared to the closed value of 83.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cirrus Logic stock. Still, in general, we apply an absolute valuation method to find Cirrus Logic's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cirrus Logic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cirrus Logic's related companies.
| Open | High | Low | Close | Volume | |
| 83.81 | 83.81 | 82.43 | 83.46 | 272,175 | |
12/19/2023 | 83.68 | 84.08 | 82.73 | 83.73 | 350,399 |
| 83.23 | 84.24 | 81.92 | 81.95 | 268,442 |
| Backtest Cirrus Logic | | | Cirrus Logic History | | | Cirrus Logic Valuation | Previous | Next |
Cirrus Logic Trading Date Momentum on December 19, 2023
| On December 20 2023 Cirrus Logic was traded for 81.95 at the closing time. The top price for the day was 84.24 and the lowest listed price was 81.92 . The trading volume for the day was 268.4 K. The trading history from December 20, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.13% . The overall trading delta against the current closing price is 0.55% . |
Cirrus Logic Fundamentals Correlations and Trends
By evaluating Cirrus Logic's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cirrus Logic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cirrus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cirrus Logic Stock history
Cirrus Logic investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cirrus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cirrus Logic will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cirrus Logic stock prices may prove useful in developing a viable investing in Cirrus Logic
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 56 M | 69.8 M | |
| Net Income Applicable To Common Shares | 203.2 M | 140.1 M |
Cirrus Logic Quarterly Net Working Capital |
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Cirrus Logic Stock Technical Analysis
Cirrus Logic technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cirrus Logic Period Price Range
Low | December 19, 2023
| High |
83.68 | 83.73 |
Cirrus Logic May 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Cirrus Logic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cirrus Logic shares will generate the highest return on investment. By undertsting and applying Cirrus Logic stock market strength indicators, traders can identify Cirrus Logic entry and exit signals to maximize returns
| Accumulation Distribution | 5626.05 | |||
| Daily Balance Of Power | 0.037 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 83.41 | |||
| Day Typical Price | 83.51 | |||
| Price Action Indicator | 0.35 | |||
| Period Momentum Indicator | 26.29 |
Cirrus Logic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cirrus Logic's price direction in advance. Along with the technical and fundamental analysis of Cirrus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cirrus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1054 | |||
| Jensen Alpha | 0.1819 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1494 | |||
| Treynor Ratio | 0.1941 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cirrus Logic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Cirrus Stock please use our How to Invest in Cirrus Logic guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Cirrus Stock analysis
When running Cirrus Logic's price analysis, check to measure Cirrus Logic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cirrus Logic is operating at the current time. Most of Cirrus Logic's value examination focuses on studying past and present price action to predict the probability of Cirrus Logic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cirrus Logic's price. Additionally, you may evaluate how the addition of Cirrus Logic to your portfolios can decrease your overall portfolio volatility.
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Is Cirrus Logic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cirrus Logic. If investors know Cirrus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cirrus Logic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.366 | Earnings Share 4.9 | Revenue Per Share 32.951 | Quarterly Revenue Growth (0) | Return On Assets 0.1005 |
The market value of Cirrus Logic is measured differently than its book value, which is the value of Cirrus that is recorded on the company's balance sheet. Investors also form their own opinion of Cirrus Logic's value that differs from its market value or its book value, called intrinsic value, which is Cirrus Logic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cirrus Logic's market value can be influenced by many factors that don't directly affect Cirrus Logic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cirrus Logic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cirrus Logic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cirrus Logic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.