CRSR Stock Summary and Trading Ideas (Corsair Gaming | NASDAQ:CRSR)

Corsair Gaming Inc is engaged in the business of providing high-performance gear for gamers and content creators. The product portfolio includes Cases, Keyboards, Mice, Headsets, Power Supplies, Gaming Computers, Gaming Chairs, Mousepads, and other related products. The company operates in two segments namely, Gamer and Creator peripherals, which is the key revenue-generating segment; and Gaming Components and Systems. Geographically, the group derives revenue from the Americas, Europe and the Middle East, and the Asia Pacific.

Corsair Gaming trades on the NASDAQ stock market under the symbol CRSR.

As of April 25, 2024, CRSR stock price climbed to $11.13 with 297,373 million shares trading.

CRSR has a beta of 1.11, meaning it tends to be more sensitive to market movements. CRSR has a correlation of 0.22 to the broad based SPY ETF.

CRSR has a market cap of $1.16 billion. This is considered a Small Cap stock.

Last quarter Corsair Gaming reported $417 million in Revenue and $.22 earnings per share. This fell short of revenue expectation by $-11 million and missed earnings estimates by -$.03.

In the last 3 years, CRSR stock traded as high as $42.97 and as low as $10.59.

The top ETF exchange traded funds that CRSR belongs to (by Net Assets): IJR, VTI, VB, VGT, IWM.

CRSR has underperformed the market in the last year with a price return of -37.1% while the SPY ETF gained +23.6%. CRSR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.9% and -5.0%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

CRSR support price is $10.72 and resistance is $11.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CRSR stock will trade within this expected range on the day.