In a report released today, Asiya Merchant from Citi maintained a Hold rating on Cricut Inc (CRCT – Research Report). The company’s shares closed yesterday at $4.83.
According to TipRanks, Merchant is a 5-star analyst with an average return of 31.0% and a 69.09% success rate. Merchant covers the Technology sector, focusing on stocks such as Dell Technologies, HP, and Logitech.
Cricut Inc has an analyst consensus of Hold, with a price target consensus of $6.50.
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The company has a one-year high of $16.51 and a one-year low of $4.65. Currently, Cricut Inc has an average volume of 749.8K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRCT in relation to earlier this year.
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Cricut Inc (CRCT) Company Description:
Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs, and T-shirts to large-scale interior decorations. It derives revenues from three segments including Connected machines, Subscriptions, and Accessories and materials. It derives maximum revenue from the Accessories and Materials segment through the sales of Cricut EasyPress, hand tools, machine replacement tools and blades, project materials such as vinyl and iron-on, and sales of a la carte digital content purchases, including fonts, images, and projects.
Read More on CRCT:
- Cricut Inc Emphasizes Diverse Disclosure Channels for Updates
- Cricut, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
- CRCT Upcoming Earnings Report: What to Expect?
- Cricut to Present at Upcoming Investor Conferences
- Cricut to Announce Fourth Quarter 2023 Financial Results on March 5, 2024
