NASDAQ:CRCT

Cricut (CRCT) Stock Forecast, Price & News

$9.15

+0.18 (+2.01%)

(As of 09/25/2023 ET)

Compare

Today's Range: $8.85
▼
$9.16
50-Day Range: $8.90
▼
$13.21
52-Week Range: $7.15
▼
$17.89

Volume: 106,649 shs
Average Volume: 220,575 shs
Market Capitalization: $2.01 billion

P/E Ratio: 41.59
Dividend Yield: N/A
Price Target: $7.17

Cricut MarketRank™ Forecast

Analyst Rating: Sell
1.33 Rating Score
Upside/Downside: 21.7% Downside
$7.17 Price Target
Short Interest: Bearish
16.62% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$811,042 Sold Last Quarter
Proj. Earnings Growth: 46.15%
From $0.26 to $0.38 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.30 out of 5 stars

Business Services Sector

292nd out of 310 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

14th out of 14 stocks

0.7

Analyst's Opinion

Consensus Rating
Cricut has received a consensus rating of Sell. The company's average rating score is 1.33, and is based on no buy ratings, 1 hold rating, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.17, Cricut has a forecasted downside of 21.7% from its current price of $9.15.
Amount of Analyst Coverage
Cricut has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
16.62% of the float of Cricut has been sold short.
Short Interest Ratio / Days to Cover
Cricut has a short interest ratio ("days to cover") of 17.9, which indicates bearish sentiment.
Change versus previous month
Short interest in Cricut has recently decreased by 3.82%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Cricut does not currently pay a dividend.
Dividend Growth
Cricut does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CRCT.

2.0

News and Social Media Coverage

News Sentiment
Cricut has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Business Services companies.
MarketBeat Follows
Only 4 people have added Cricut to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cricut insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $811,042.00 in company stock.
Percentage Held by Insiders
18.46% of the stock of Cricut is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 19.60% of the stock of Cricut is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Cricut are expected to grow by 46.15% in the coming year, from $0.26 to $0.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cricut is 41.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cricut is 41.59, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 39.15.
Price to Book Value per Share Ratio
Cricut has a P/B Ratio of 2.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cricut (NASDAQ:CRCT) Stock

Cricut, Inc. engages in the design and marketing of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates in three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations. Its connected machines include Cricut Joy for personalization, organization, and customization; Cricut Explore family for cutting, writing, and scoring; and Cricut Maker family for cutting, writing, scoring, and adding decorative effects to various materials, such as paper, vinyl, pens, leather, and others. The company also provides Cricut Access and Cricut Access Premium subscription offerings, and in-app purchases; and a software that integrates its connected machines and design apps comprising Cricut Joy App, Design Space, and other apps. In addition, it offers a range of accessories and materials, such as Cricut EasyPress, Cricut Mug Press, various hand tools, machine replacement tools and blades, and project materials. The company offers its products through its third-party brick-and-mortar and online retail partners; and its website cricut.com, as well as through a network of distributors. It operates in the United States, the United Kingdom, Ireland, Australia, New Zealand, and Western Europe, as well as the Middle East, Latin America, South Africa, and Asia. The company was formerly known as Provo Craft & Novelty, Inc. and changed its name to Cricut, Inc. in March 2018. The company was incorporated in 1969 and is headquartered in South Jordan, Utah.

CRCT Price History

30 days | 90 days | 365 days | Advanced Chart

CRCT Stock News Headlines

September 18, 2023 | finance.yahoo.com

Zacks.com featured highlights include Intrepid Potash, Fortrea Holdings and Cricut

September 18, 2023 | finance.yahoo.com

Institutional investors in Cricut, Inc. (NASDAQ:CRCT) see US$79m decrease in market cap last week, although long-term gains have benefitted them.

September 25, 2023 | Chaikin Analytics (Ad)

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August 31, 2023 | benzinga.com

Cricut Recent Insider Activity

August 31, 2023 | msn.com

Cricut Inc - (CRCT) Price Target Increased by 12.50% to 8.03

August 28, 2023 | msn.com

Citi sees personalization megatrend fueling Cricut, initiates with Neutral rating

August 28, 2023 | msn.com

Citigroup Initiates Coverage of Cricut Inc - (CRCT) with Neutral Recommendation

August 16, 2023 | finance.yahoo.com

Are Options Traders Betting on a Big Move in Cricut (CRCT) Stock?

September 25, 2023 | Behind the Markets (Ad)

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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

August 10, 2023 | markets.businessinsider.com

Cricut Inc (CRCT) Receives a Sell from Barclays

August 9, 2023 | finance.yahoo.com

Cricut, Inc. (CRCT) Beats Q2 Earnings and Revenue Estimates

August 8, 2023 | seekingalpha.com

Cricut, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 8, 2023 | finance.yahoo.com

Cricut, Inc. Reports Second Quarter 2023 Financial Results

August 6, 2023 | finance.yahoo.com

Cricut, Inc. (CRCT) Stock Historical Prices & Data - Yahoo Finance

July 20, 2023 | seekingalpha.com

Cricut: More Creative Than Appealing

July 18, 2023 | finance.yahoo.com

Cricut to Announce Second Quarter 2023 Financial Results on August 8, 2023

July 18, 2023 | finance.yahoo.com

Introducing Cricut Venture™, the Largest and Fastest Cutting Machine on the Cricut® Platform

July 6, 2023 | finance.yahoo.com

Do Options Traders Know Something About Cricut (CRCT) Stock We Don't?

May 23, 2023 | msn.com

Here’s Why Cricut (NASDAQ:CRCT) Stock Spiked

May 22, 2023 | realmoney.thestreet.com

A Triple Shot of Triple-Nets Deep in the Heart of Value Land

May 22, 2023 | msn.com

Cricut declares $1.00 special dividend

May 22, 2023 | finance.yahoo.com

Cricut, Inc. Declares Special Cash Dividend of $1.00 Per Share

May 17, 2023 | finance.yahoo.com

Is Cricut, Inc.'s (NASDAQ:CRCT) Recent Price Movement Underpinned By Its Weak Fundamentals?

May 13, 2023 | seekingalpha.com

Cricut, Inc. (CRCT) Q1 2023 Earnings Call Transcript

May 12, 2023 | morningstar.com

Cricut Inc Ordinary Shares - Class A

May 12, 2023 | msn.com

Barclays Maintains Cricut Inc - (CRCT) Underweight Recommendation

May 11, 2023 | markets.businessinsider.com

Barclays Reaffirms Their Sell Rating on Cricut Inc (CRCT)

See More Headlines

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CRCT Company Calendar

Ex-Dividend for 7/17 Dividend: 6/30/2023
Dividend Payable: 7/17/2023
Last Earnings: 8/08/2023
Today: 9/25/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Special industry machinery, not elsewhere classified
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:CRCT
CUSIP: N/A
CIK: 1828962
Web: www.cricut.com
Phone: 385-351-0633
Fax: N/A
Employees: 680
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.17
High Stock Price Forecast: $10.50
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: -21.7%
Consensus Rating: Sell
Rating Score (0-4): 1.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.22
Trailing P/E Ratio: 41.59
Forward P/E Ratio: 35.19
P/E Growth: N/A
Net Income: $60.67 million
Net Margins: 5.93%
Pretax Margin: 8.09%
Return on Equity: 7.48%
Return on Assets: 5.36%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.93
Quick Ratio: 1.19

Sales & Book Value

Annual Sales: $886.30 million
Price / Sales: 2.27
Cash Flow: $0.41 per share
Price / Cash Flow: 22.49
Book Value: $3.06 per share
Price / Book: 2.99

Miscellaneous

Outstanding Shares: 219,830,000
Free Float: 179,249,000
Market Cap: $2.01 billion
Optionable: Not Optionable
Beta: 0.37

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Key Executives

Mr. Ashish Arora (Age 55)
CEO, Pres & Director
Comp: $810.81k

Mr. Kimball Shill (Age 59)
Chief Financial Officer
Comp: $325.28k

Mr. Donald B. Olsen (Age 48)
Exec. VP, Gen. Counsel & Sec.
Comp: $272.01k

Mr. Ryan Harmer
VP of Accounting & Corp. Controller

Ms. Kim Kanarowski
Exec. VP of Marketing

Ms. Courtney Hill
Sr. VP of HR

Mr. Ariel Fischer
Exec. VP of Direct-to-Consumer & Consumable

Mr. Glenn Rogers
Exec. VP of International Sales

Mr. Vivekanand Jayaraman
Exec. VP of Platform Devel.

Mr. Frank Iarusci
Exec. VP of Sales & Channel Marketing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRCT Stock - Frequently Asked Questions

Should I buy or sell Cricut stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cricut in the last year. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" CRCT shares.
View CRCT analyst ratings or view top-rated stocks.
What is Cricut's stock price forecast for 2023?: 3 brokerages have issued twelve-month target prices for Cricut's stock. Their CRCT share price forecasts range from $5.00 to $10.50. On average, they predict the company's stock price to reach $7.17 in the next year. This suggests that the stock has a possible downside of 21.7%.
View analysts price targets for CRCT or view top-rated stocks among Wall Street analysts.
How have CRCT shares performed in 2023?: Cricut's stock was trading at $9.27 on January 1st, 2023. Since then, CRCT shares have decreased by 1.3% and is now trading at $9.15.
View the best growth stocks for 2023 here.
When is Cricut's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our CRCT earnings forecast.
How were Cricut's earnings last quarter?: Cricut, Inc. (NASDAQ:CRCT) released its earnings results on Tuesday, August, 8th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The firm had revenue of $177.80 million for the quarter, compared to analyst estimates of $175 million. Cricut had a trailing twelve-month return on equity of 7.48% and a net margin of 5.93%. Cricut's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 earnings per share.
How often does Cricut pay dividends? What is the dividend yield for Cricut?: Cricut declared a dividend on Friday, June 30th. Stockholders of record on Monday, July 3rd will be paid a dividend of $1.00 per share on Monday, July 17th. The ex-dividend date is Friday, June 30th. This is a positive change from the stock's previous dividend of $0.35.
Read our dividend analysis for CRCT.

When did Cricut IPO?: (CRCT) raised $321 million in an initial public offering on Thursday, March 25th 2021. The company issued 15,300,000 shares at a price of $20.00-$22.00 per share. Goldman Sachs, Morgan Stanley, Citigroup, Barclays and Baird acted as the underwriters for the IPO.
What is Cricut's stock symbol?: Cricut trades on the NASDAQ under the ticker symbol "CRCT."
Who are Cricut's major shareholders?: Cricut's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.39%), Geode Capital Management LLC (0.41%), State Street Corp (0.40%), Northern Trust Corp (0.20%), Bank of New York Mellon Corp (0.08%) and Charles Schwab Investment Management Inc. (0.06%). Insiders that own company stock include Abdiel Capital Management, Llc, Arora Ashish, Donald B Olsen, Gregory Rowberry, James A Squires, Len Blackwell, Martin F Petersen and Ryan Harmer.
View institutional ownership trends.
How do I buy shares of Cricut?: Shares of CRCT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cricut's stock price today?: One share of CRCT stock can currently be purchased for approximately $9.15.
How much money does Cricut make?: Cricut (NASDAQ:CRCT) has a market capitalization of $2.01 billion and generates $886.30 million in revenue each year. The company earns $60.67 million in net income (profit) each year or $0.22 on an earnings per share basis.
How many employees does Cricut have?: The company employs 680 workers across the globe.
How can I contact Cricut?: Cricut's mailing address is 10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT, 84095. The official website for the company is www.cricut.com. The company can be reached via phone at 385-351-0633 or via email at investors@cricut.com.

This page (NASDAQ:CRCT) was last updated on 9/25/2023 by MarketBeat.com Staff

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