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NASDAQ:CRCT

Cricut - CRCT Stock Forecast, Price & News

$10.17
+0.18 (+1.80%)
(As of 03/24/2023 02:46 PM ET)
Add
Compare
Today's Range
$9.73
▼
$10.17
50-Day Range
$8.35
▼
$10.67
52-Week Range
$5.88
▼
$14.37
Volume
37,509 shs
Average Volume
85,681 shs
Market Capitalization
$2.23 billion
P/E Ratio
36.32
Dividend Yield
N/A
Price Target
$7.17

Cricut MarketRank™ Forecast

Analyst Rating
Reduce
1.33 Rating Score
Upside/​Downside
29.5% Downside
$7.17 Price Target
Short Interest
Bearish
14.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
46.67%
From $0.30 to $0.44 Per Share

Overall MarketRank™

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

1.32 out of 5 stars

Business Services Sector

310th out of 323 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

13th out of 13 stocks

See Top Rated MarketRank™ Stocks Here

CRCT stock logo

About Cricut (NASDAQ:CRCT) Stock

Cricut, Inc. designs and markets 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, Cricut Explore, and Cricut Maker to cut, write, score, and create decorative effects using various materials, such as paper, vinyl, leather, and others; and design apps comprise Design Space app and Cricut Joy-specific app. 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. 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.

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CRCT Stock News Headlines

March 9, 2023 | marketbeat.com
Can Cricut Stock Jump Higher In 2023? 
Cricut is working through a supply chain problem that will leave in prime condition to leverage user growth over the last year.
March 9, 2023 | finance.yahoo.com
Cricut Full Year 2022 Earnings: EPS: US$0.28 (vs US$0.67 in FY 2021)
March 24, 2023 | Weiss Ratings (Ad)
Urgent Warning
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March 9, 2023 | finance.yahoo.com
Cricut, Inc. (NASDAQ:CRCT) Shares Could Be 24% Above Their Intrinsic Value Estimate
March 1, 2023 | finance.yahoo.com
Cricut to Present at an Upcoming Investor Conference
February 2, 2023 | finance.yahoo.com
Cricut to Announce Fourth Quarter and Fiscal Year 2022 Financial Results on March 7, 2023
December 22, 2022 | finance.yahoo.com
Cricut, Inc. Declares Special Cash Dividend of $0.35 per share
December 8, 2022 | finance.yahoo.com
Is Cricut, Inc.'s (NASDAQ:CRCT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
March 24, 2023 | Behind the Markets (Ad)
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November 10, 2022 | finance.yahoo.com
Cricut (NASDAQ:CRCT) Could Be Struggling To Allocate Capital
November 8, 2022 | finance.yahoo.com
Cricut, Inc. (CRCT) Q3 Earnings and Revenues Beat Estimates
November 8, 2022 | finance.yahoo.com
Cricut, Inc. Reports Third Quarter 2022 Financial Results
November 1, 2022 | finance.yahoo.com
Earnings Preview: Cricut, Inc. (CRCT) Q3 Earnings Expected to Decline
October 27, 2022 | finance.yahoo.com
With 60% institutional ownership, Cricut, Inc. (NASDAQ:CRCT) is a favorite amongst the big guns
October 17, 2022 | benzinga.com
Morgan Stanley Maintains Underweight Rating for Cricut: Here's What You Need To Know - Cricut (NASDAQ:CRC - Benzinga
October 13, 2022 | benzinga.com
Cricut to Announce Third Quarter 2022 Financial Results on November 8, 2022 - Cricut (NASDAQ:CRCT) - Benzinga
October 13, 2022 | finance.yahoo.com
Cricut to Announce Third Quarter 2022 Financial Results on November 8, 2022
October 6, 2022 | finance.yahoo.com
Shareholders in Cricut (NASDAQ:CRCT) are in the red if they invested a year ago
September 21, 2022 | nasdaq.com
Has Cricut, Inc.'s (NASDAQ:CRCT) Impressive Stock Performance Got Anything to Do With Its Fundamentals? - Nasdaq
September 20, 2022 | cnbc.com
Cramer's lightning round: Coinbase is not a buy - CNBC
September 16, 2022 | seekingalpha.com
Cricut Stock: Facing Strong Macro Headwinds (NASDAQ:CRCT) - Seeking Alpha
August 30, 2022 | benzinga.com
(CRCT) – Cricut to Present at Upcoming Investor Conferences - Benzinga
August 13, 2022 | seekingalpha.com
Cricut, Inc. (CRCT) CEO on Q2 2022 Results - Earnings Call Transcript - Seeking Alpha
August 10, 2022 | investing.com
Cricut Inc. Misses Q2 EPS by 3c By Investing.com - Investing.com
August 9, 2022 | ca.investing.com
Cricut Inc. Misses Q2 EPS by 3c By Investing.com - Investing.com Canada
August 9, 2022 | benzinga.com
Recap: Cricut Q2 Earnings - Benzinga
August 9, 2022 | globenewswire.com
Cricut, Inc. Reports Second Quarter 2022 Financial Results - GlobeNewswire
See More Headlines
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CRCT Company Calendar

Ex-Dividend for 2/15 Dividend
1/31/2023
Dividend Payable
2/15/2023
Last Earnings
3/07/2023
Today
3/24/2023
Next Earnings (Estimated)
5/09/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
830
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.17
High Stock Price Forecast
$9.50
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
-28.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.33
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.28
Trailing P/E Ratio
35.68
Forward P/E Ratio
33.30
P/E Growth
N/A
Net Income
$60.67 million
Net Margins
6.84%
Pretax Margin
9.25%
Return on Equity
8.51%
Return on Assets
6.42%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
3.19
Quick Ratio
1.81

Sales & Book Value

Annual Sales
$886.30 million
Price / Sales
2.47
Cash Flow
$0.39 per share
Price / Cash Flow
25.67
Book Value
$3.06 per share
Price / Book
3.26

Miscellaneous

Outstanding Shares
219,420,000
Free Float
182,625,000
Market Cap
$2.19 billion
Optionable
Not Optionable
Beta
0.03

Key Executives

  • Mr. Ashish Arora (Age 55)
    CEO, Pres & Director
    Comp: $1.36M
  • Mr. Donald B. OlsenMr. Donald B. Olsen (Age 48)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $342.06k
  • Mr. Kimball Shill (Age 59)
    Chief Financial Officer
  • Mr. Ryan HarmerMr. 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. Chuck Seiber
    Exec. VP of Product, Brand & Design
  • Mr. Glenn Rogers
    Sr. VP of International
  • Mr. Vivekanand Jayaraman
    Exec. VP of Platform Devel.

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 Wall Street research analysts have issued twelve-month price objectives for Cricut's shares. Their CRCT share price forecasts range from $5.00 to $9.50. On average, they anticipate the company's stock price to reach $7.17 in the next year. This suggests that the stock has a possible downside of 28.3%.
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 at the start of the year. Since then, CRCT shares have increased by 7.8% and is now trading at $9.99.
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, May 9th 2023.
View our CRCT earnings forecast.

How were Cricut's earnings last quarter?

Cricut, Inc. (NASDAQ:CRCT) posted its earnings results on Tuesday, March, 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by $0.02. The business earned $280.76 million during the quarter, compared to analyst estimates of $261 million. Cricut had a trailing twelve-month return on equity of 8.51% and a net margin of 6.84%. Cricut's quarterly revenue was down 27.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS.

How often does Cricut pay dividends? What is the dividend yield for Cricut?

Cricut announced a dividend on Tuesday, January 24th. Investors of record on Wednesday, February 1st will be paid a dividend of $0.35 per share on Wednesday, February 15th. This represents a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, January 31st.
Read our dividend analysis for CRCT.

What ETFs hold Cricut's stock?

ETFs with the largest weight of Cricut (NASDAQ:CRCT) stock in their portfolio include Janus Henderson Small Cap Growth Alpha ETF (JSML).

When did Cricut IPO?

(CRCT) raised $321 million in an initial public offering (IPO) on Thursday, March 25th 2021. The company issued 15,300,000 shares at $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 Abdiel Capital Advisors LP (6.74%), Morgan Stanley (1.32%), Commonwealth Equity Services LLC (0.08%), Swiss National Bank (0.03%), Chicago Partners Investment Group LLC (0.02%) and Renaissance Technologies LLC (0.02%). 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 $9.99.

How much money does Cricut make?

Cricut (NASDAQ:CRCT) has a market capitalization of $2.19 billion and generates $886.30 million in revenue each year. The company earns $60.67 million in net income (profit) each year or $0.28 on an earnings per share basis.

How many employees does Cricut have?

The company employs 830 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 3/24/2023 by MarketBeat.com Staff