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Jul 5, 2021
[1 min Read]
What is Corsair (Ticker $CRSR)
Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for content creators. In addition, the company offers coaching and training, and other services. It sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its websites. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Fremont, California. Corsair Gaming, Inc. operates as a subsidiary of Corsair Group (Cayman), LP.
The company IPO'd in Sep of 2020 so still new to the market and slightly undiscovered. Once discovered and potential realized, this should be trading over $100 long term. See below for more info:
Revenue Per Share (ttm) 21.80
Quarterly Revenue Growth (yoy) 71.60%
Gross Profit (ttm) 466.93M
Net Income Avi to Common (ttm)148.72M
QuarterlyEarnings Growth (yoy) 3,739.20%
Latest Quarter (Q1 2021) results and reseller list:
Price to earning is now trading 1.5 times, if we compare that to peers or SPY, they trade about 3-4 time PE ratio. Corsair is extremely undervalued growth gem and once discovered, should be at a fair value of about $70/per share now (being conservative).
Chart is trading near bottom and is looking to reverse upward, recent jump to $43 two weeks ago, now trading around $32/share. MACD is about to cross back over and waiting on RSI confirmation.
Lastly, a great stock analysis (Not Mine), found it on YouTube that pretty much is in line with my research. https://youtu.be/GE1PAoc6wW4