Stock Rating Upgrade
The Value Trend Rating for Cirrus Logic Inc. (NASDAQ: CRUS) improved in the last week from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Cirrus Logic Inc. (NASDAQ: CRUS) stock suffered a large decline of -7.2% on 8/1/24. The stock closed at $121.13. Moreover, above average trading volume at 140% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.8% 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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cirrus Logic has a slightly negative Appreciation Score of 36 but a very high Power Rating of 86, producing the Positive Value Trend Rating.
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