ISUN, DTCK and MXCT among mid-day movers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2024
0mins
Source: SeekingAlpha
- Gainers: Reborn Coffee (REBN) surged by 86%, Innodata (INOD) by 43%, Cricut (CRCT) by 39%, and other stocks showed significant gains.
- Losers: Treace Medical Concepts (TMCI) dropped by 62%, DoubleVerify Holdings (DV) by 40%, and several other companies experienced losses.
- Stock Movements: MaxCyte, Inc. (MXCT) had its Q4 2023 Earnings Call Transcript, iSun announced a reverse stock split, and there were financial updates for Davis Commodities Limited.
- Seeking Alpha: Provided Quant Rating on iSun and historical earnings data for the company.
- Companies Mentioned: Luminar Technologies, Veritone, ZoomInfo Technologies, and others were part of the mid-day movers and stocks mentioned in the content.
Analyst Views on CRCT
Wall Street analysts forecast CRCT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRCT is 3.83 USD with a low forecast of 3.50 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
0 Hold
3 Sell
Strong Sell
Current: 4.490
Low
3.50
Averages
3.83
High
4.00
Current: 4.490
Low
3.50
Averages
3.83
High
4.00
About CRCT
Cricut, Inc. is a creative technology company. The Company has designed and built an ecosystem of connected cutting machines, accessories, and materials for scalability and seamless integration, allowing it to introduce new products as well as continuously update the existing physical and digital products. Its segments include Platform and Products. Its Circuit platform centers around its cloud-based application, Cricut Design Space, giving users access to create and work on their projects anywhere, at any time, across desktop and mobile devices. Cricut hardware and design software work together as a connected platform for consumers to perform do-it-yourself (DIY) projects quickly and easily. These products include a flagship line of smart cutting machines such as the Cricut Maker series, the Cricut Explore series, and Cricut Joy series, and Cricut Venture series, accompanied by other tools like Cricut EasyPress, the Infusible Ink system, and a diverse collection of materials.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
