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 in downward trend: price dove below 50-day moving average on September 12, 2024
CRUS moved below its 50-day moving average on September 12, 2024 date and that indicates a change from an upward trend to a downward trend. In of 41 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day moving average for CRUS crossed bearishly below the 50-day moving average on September 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 .
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 of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CRUS entered a downward trend on October 09, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 59 cases where CRUS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 09, 2024. You may want to consider a long position or call options on CRUS as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CRUS just turned positive on October 09, 2024. Looking at past instances where CRUS's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRUS advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
CRUS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 79%.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (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 SMR rating for this company is (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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (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 (3.591) is normal, around the industry mean (7.407). P/E Ratio (23.087) is within average values for comparable stocks, (58.452). CRUS's Projected Growth (PEG Ratio) (9.345) is very high in comparison to the industry average of (2.825). CRUS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.020). P/S Ratio (3.754) is also within normal values, averaging (42.773).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.
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General Information
a developer of high-precision, analog and mixed-signal integrated circuits for audio and energy markets
Industry Semiconductors