Cirrus Logic Stock Surges 89% in a Year: Will the Rally Last?
CRUSCirrus Logic(CRUS) ZACKS·2024-09-12 21:55

Cirrus Logic, Inc.’s (CRUS) stock is continuing its upward trajectory, with a gain of 89.3% in the past year compared with 23.7% and 58.5% rise of the S&P 500 composite and the sub-industry, respectively.Closing at 136.63asofyesterday’stradingsession,CRUSstockiscurrentlytrading7.3136.63 as of yesterday’s trading session, CRUS stock is currently trading 7.3% below its 52-week high of 147.46 attained on Aug. 29, 2024. From a valuation perspective, CRUS is trading at a discount. Going by its forward 12-month price-to-earnings ratio, CRUS is trading at a multiple of 20.7, b ...