Previous close | 14.36 |
Open | 14.50 |
Bid | 14.00 x 800 |
Ask | 14.87 x 1000 |
Day's range | 14.50 - 15.20 |
52-week range | 13.04 - 34.37 |
Volume | |
Avg. volume | 778,675 |
Market cap | 1.417B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | 29.82 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Video games have become the largest entertainment industry, with an estimated annual value of around $200 billion. Gaming has always been a promising area to check for under-the-radar growth stocks, since it's an industry that is not widely understood on Wall Street. One of the reasons is that video game companies don't provide year-to-year revenue growth like typical growth stocks, but they still can deliver market-beating returns.
Corsair Gaming's (NASDAQ: CRSR) stock price has fallen off a cliff in the past year, losing over half of its value as investors have worried that the company's pandemic-driven sales surge may not last forever. Corsair's first-quarter 2022 results, which were released on May 5, make it clear that the company has indeed lost the boost provided by shelter-in-place orders, which were put in place a couple of years ago to get control of the COVID-19 outbreak. The company, which sells video gaming hardware and peripherals, was a big winner amid the pandemic as an increase in the number of people playing video games to keep themselves entertained while being locked down created healthy demand for its offerings.
The big shareholder groups in Corsair Gaming, Inc. ( NASDAQ:CRSR ) have power over the company. Insiders often own a...