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Cirrus Logic (CRUS, $84.43) get rating boost at Barclays
Cirrus Logic shares rose, after Barclays analysts upgraded ratings on the semiconductor company.
Barclays analysts boosted their rating on the shares of the Apple supplier to overweight from equal weight. They also increased their price target to $100 from $95.
Analyst Blayne Curtis cited the path they expect on further content gains at Apple over next several years. Curtis also emphasized on Android opportunities in both audio and power.
“In the near term, we see further upside to September/December estimates and believe Apple content can move higher over the next two to three years as camera and power content broadens,” Curtis wrote in the research note.
“We realize this may fall on deaf ears at this point but we still favor exposure to the handset market into calendar 2022 vs. many other end markets such as PCs, gaming, consumer electronics, and Industrial where we see greater risk of a correction,” the analyst mentioned.
CRUS's RSI Indicator recovers from oversold territory
The RSI Indicator for CRUS moved out of oversold territory on April 28, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In 17 of the 22 cases the stock moved higher. This puts the odds of a move higher at 77%.
Current price $78.33 crossed the support line at $74.53 and is trading between $92.29 resistance and $74.53 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a +2% Uptrend. During the week of 05/09/22 - 05/16/22, the stock enjoyed a +3% Uptrend growth.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Moving Average Convergence Divergence (MACD) for CRUS just turned positive on May 02, 2022. Looking at past instances where CRUS's MACD turned positive, the stock continued to rise in 33 of 44 cases over the following month. The odds of a continued upward trend are 75%.
Following a +3.94% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRUS advanced for three days, in 254 of 341 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
The Momentum Indicator moved below the 0 level on May 16, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on CRUS as a result. In 62 of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 63%.
CRUS moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for CRUS crossed bearishly below the 50-day moving average on April 07, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 62%.
The 50-day Moving Average for CRUS moved below the 200-day moving average on April 11, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRUS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
CRUS broke above its upper Bollinger Band on May 04, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for CRUS entered a downward trend on May 06, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 64%. During the last month, the daily ratio of advancing to declining volumes was 1.17 to 1.
The Tickeron Price Growth Rating for this company is 49 (best 1 - 100 worst), indicating steady price growth. CRUS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 52 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 57 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 65 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock slightly worse than average.
The Tickeron Valuation Rating of 83 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.792) is normal, around the industry mean (6.377). P/E Ratio (14.124) is within average values for comparable stocks, (47.551). CRUS's Projected Growth (PEG Ratio) (7.259) is very high in comparison to the industry average of (1.567). CRUS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.020). P/S Ratio (2.588) is also within normal values, averaging (28.284).
The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
The average market capitalization across the Semiconductors Industry is 21.2B. The market cap for tickers in the group ranges from 13.4K to 515.7B. NVDA holds the highest valuation in this group at 515.7B. The lowest valued company is CYBL at 13.4K.
The average weekly price growth across all stocks in the Semiconductors Industry was 1.2%. For the same Industry, the average monthly price growth was -6.33%, and the average quarterly price growth was -26.26%. BCHPY experienced the highest price growth at 15.33%, while WSKEF experienced the biggest fall at -63.1%.
- 5/5/22 4:57 AM: Cirrus Logic (CRUS, $82.81) was a top weekly gainer, with a +12.53% jump
The average weekly volume growth across all stocks in the Semiconductors Industry was 3.39%. For the same stocks of the Industry, the average monthly volume growth was 32.54% and the average quarterly volume growth was 17.62%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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