On 5/8/24, Cirrus Logic Inc. (NASDAQ: CRUS) stock enjoyed a major increase of 12.2%, closing at $102.24. Moreover, exceptionally high trading volume at 406% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 15.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CRUS is expected to continue to be an important Value Builder.
Cirrus Logic has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cirrus Logic has a slightly negative Appreciation Score of 37 but a good Power Rating of 76, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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