Corsair Gaming (NASDAQ:CRSR - Get Free Report) issued its earnings results on Wednesday. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16, Zacks reports. Corsair Gaming had a negative return on equity of 4.58% and a negative net margin of 7.14%. Corsair Gaming updated its FY 2025 guidance to EPS.
Corsair Gaming Stock Performance
CRSR traded down $0.09 on Friday, hitting $12.42. 1,829,579 shares of the stock traded hands, compared to its average volume of 982,031. Corsair Gaming has a 52 week low of $5.59 and a 52 week high of $14.13. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.30 billion, a PE ratio of -13.80 and a beta of 1.68. The business has a fifty day moving average price of $8.15 and a two-hundred day moving average price of $7.23.
Analyst Upgrades and Downgrades
CRSR has been the subject of a number of research reports. The Goldman Sachs Group reduced their price objective on Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. TD Cowen reduced their price objective on Corsair Gaming from $10.00 to $9.00 and set a "hold" rating for the company in a research report on Thursday, November 7th. Macquarie reduced their price objective on Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Robert W. Baird boosted their price target on Corsair Gaming from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Barclays boosted their price target on Corsair Gaming from $9.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $10.14.
Check Out Our Latest Report on Corsair Gaming
Corsair Gaming Company Profile
(
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Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.
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