Get started
Corsair Gaming, Inc.Corsair Gaming, Inc.Corsair Gaming, Inc.

Corsair Gaming, Inc.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

CRSR trade ideas

$CRSR on Consolidation Breakout Watchlist$CRSR has been a mover in the past. As you can see, it's been consolidating for some time now. They reported earnings yesterday 5/4, and beat. I'm looking for this to break above the previous high in this consolidation area at which time I'll be looking for a logical entry with a tight stop just below the top of the box I've drawn. Ideas, not investing / trading advice. From earningswhispers.com: Corsair Gaming Beats Corsair Gaming (CRSR) reported 1st Quarter March 2021 earnings of $0.56 per share on revenue of $529.4 million. The consensus earnings estimate was $0.34 per share on revenue of $449.7 million. The Earnings Whisper number was $0.38 per share. The company said it expects 2021 revenue of $1.90 billion to $2.10 billion. The company's previous guidance was revenue of $1.80 billion to $1.95 billion and the current consensus revenue estimate is $1.90 billion for the year ending December 31, 2021. Corsair Gaming, Inc. is a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts.
NASDAQ:CRSRLong
by jaxdog
6
CRSR: W for Winners (at least partially)CRSR bottomed out on March 5th and had one higher low so far, which is arguable but still counts as a bullish signal in a combination of the double bottom it has formed (green arrow icons). That combined with "widening" MACD and the fact that it has broken out of two different downtrend lines (yellow lines), the continuation of a full W is more likely than the bearish scenario (red arrows). So from now, CRSR should hit 35 first, and retract to test the red line again. From there, there will be two scenarios depending on how the yield market is going to behave and influence Nasdaq. The first and more likely scenario is to go up to 44. We had a nice bearish market which seems exhausted to some degree, making this scenario a more likely event. Of course, it won't be as pretty as I drew it but you get the idea! The second scenario would be too ugly and is going to be similar to all other IPOs which usually crash after their initial run. If this scenario goes through, be cautious! Because in that case, my target (the red question mark) would be an "overestimation" and CRSR will be flushed further down the toilet. But again, considering the fundamentals of Corsair company including valuation, cash flow, profit margin, price per earning and etc., the ugly scenario is unlikely. Thanks
NASDAQ:CRSR
by MarkitMaven
1
False break down or another 10% correction? Dear Traders, I hope this is a false break down of our beautiful upward channel but if it's not, it's likely that we go further down to our support level at 36.20. Otherwise, we should see a trend reversal following previous price movements and hit 50 in about a month. Of course, market does whatever it likes to do and these prediction might not mean anything but should give us a clue while we keep an eye out for CRSR price action. Also this is not a financial advice and I'm not a financial expert. If you enjoy this analysis please give me a thumbs up and leave a comment. This will motivate me to keep going! Thank you AH
NASDAQ:CRSR
by MarkitMaven
3
CRSR: The Best Pure Play On Gaming and Streaming. Corsair is a maker of everything a gamer or streamer would need. The list of products is nearly never-ending; keyboards, mouses, capture cards, controllers, headsets, lighting, CPU cooler, CPU power supply, CPU case, SSD, Memory, stream deck. Corsair is a one-stop-shop for all a gamer/streamers needs. The stock has been consolidating beautifully since hitting a high of $52 last November. Since it has formed a beautiful, strong support level at $33 with resistance around $42. We believe with A+ management; Corsair is poised to continue to gain market share and win over investors. On their latest earnings call, management announced that they would focus on launching multiple new products at a rapid pace along with increased spending towards marketing. Fundamentally, their numbers were fantastic as well. 55.2% YoY top-line growth for FY 2020($1.7B), highlighted by an 83% increase in gamer/creator peripherals. They made the jump to being a profitable company compared to the previous year ($103M FROM -$8.4M). With macroeconomic tailwinds, wide economic moat, A+ management, A+ products, spectacular growth, profitable and risk reduced entry technically, we believe this is an incredible opportunity to get into an incredible company. We are targeting a $52 6-month PT.
NASDAQ:CRSRLong
by RobertTheTrader