Corsair Gaming (CRSR) Stock Price, News & Analysis

Company Overview

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. The company also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs and laptops, gaming monitors, and others; and PC gaming software comprising iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. It sells its products through e-retail, retail, and direct-to-consumer channels and distributors. Corsair Gaming, Inc. was formerly known as Corsair Components (Cayman) Ltd and changed its name to Corsair Gaming, Inc in August 2017. The company was incorporated in 1994 and is headquartered in Milpitas, California.

Key Stats

• Today's Range: $6.66 to $6.94
• 50-Day Range: $5.71 to $7.21
• 52-Week Range: $5.59 to $15.07
• Volume: 707,165 shs
• Average Volume: 455,442 shs
• Market Capitalization: $721.38 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $9.14
• Consensus Rating: Moderate Buy

Corsair Gaming Stock Analysis - MarketRank™

Corsair Gaming scored higher than 86% of companies evaluated by MarketBeat, and ranked 53rd out of 294 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Corsair Gaming has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Corsair Gaming has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Corsair Gaming are expected to grow in the coming year, from ($0.23) to $0.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Corsair Gaming is -7.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Corsair Gaming is -7.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Corsair Gaming has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.32% of the float of Corsair Gaming has been sold short.

Short Interest Ratio / Days to Cover

Corsair Gaming has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in Corsair Gaming has recently decreased by 6.59%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Corsair Gaming does not currently pay a dividend.

Dividend Growth

Corsair Gaming does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -1.74

Percentage of Shares Shorted

7.32% of the float of Corsair Gaming has been sold short.

Short Interest Ratio / Days to Cover

Corsair Gaming has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in Corsair Gaming has recently decreased by 6.59%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: -0.18

News Sentiment

Corsair Gaming has a news sentiment score of -0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Corsair Gaming this week, compared to 3 articles on an average week.

Search Interest

26 people have searched for CRSR on MarketBeat in the last 30 days. This is an increase of 160% compared to the previous 30 days.

MarketBeat Follows

2 people have added Corsair Gaming to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Corsair Gaming insiders have not sold or bought any company stock.

Percentage Held by Insiders

58.89% of the stock of Corsair Gaming is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 25.66% of the stock of Corsair Gaming is held by institutions.

CRSR Stock Analysis - Frequently Asked Questions

How have CRSR shares performed this year?

Corsair Gaming's stock was trading at $14.10 on January 1st, 2024. Since then, CRSR stock has decreased by 51.1% and is now trading at $6.89.
View the best growth stocks for 2024 here.

How were Corsair Gaming's earnings last quarter?

Corsair Gaming, Inc. (NASDAQ:CRSR) posted its quarterly earnings data on Thursday, August, 1st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.12. Corsair Gaming's revenue for the quarter was down 19.7% on a year-over-year basis.

When did Corsair Gaming IPO?

Corsair Gaming (CRSR) raised $238 million in an initial public offering on Wednesday, September 23rd 2020. The company issued 14,000,000 shares at a price of $16.00-$18.00 per share. Goldman Sachs, Barclays, Credit Suisse, Macquarie, Baird, Cowan and Stifel acted as the underwriters for the IPO and Wedbush Securities and Academy Securities, were co-managers.

Who are Corsair Gaming's major shareholders?

Top institutional investors of Corsair Gaming include Massachusetts Financial Services Co. MA (3.86%), Charles Schwab Investment Management Inc. (0.37%), Principal Financial Group Inc. (0.20%) and PEAK6 Investments LLC. Insiders that own company stock include Group (Cayman) Lp Corsair, Samuel R Szteinbaum, Thi L La and Michael G Potter.
View institutional ownership trends.

How do I buy shares of Corsair Gaming?

Shares of CRSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Corsair Gaming own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Corsair Gaming investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 11/14/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Computer peripheral equipment, not elsewhere classified
• Sub-Industry: Computer Hardware
• Current Symbol: NASDAQ:CRSR
• CUSIP: N/A
• CIK: 1743759
• Web: www.corsair.com
• Phone: 510-657-8747
• Fax: N/A
• Employees: 2,387
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.14
• High Stock Price Target: $11.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: +32.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.90)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $3.19 million
• Net Margins: -7.14%
• Pretax Margin: -4.30%
• Return on Equity: -4.58%
• Return on Assets: -2.36%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 1.58
• Quick Ratio: 0.77

Sales & Book Value

• Annual Sales: $1.46 billion
• Price / Sales: 0.49
• Cash Flow: $0.81 per share
• Price / Cash Flow: 8.54
• Book Value: $5.72 per share
• Price / Book: 1.20

Miscellaneous

• Outstanding Shares: 104,700,000
• Free Float: 43,042,000
• Market Cap: $721.38 million
• Optionable: Optionable
• Beta: 1.59