Stock Market logoStock Market Station

All the stock market news, every minute updated!

03 August 2021
12:40 hour

Corsair (CRSR) Stock Chart

Reddit Stocks

20/02/2021 - 03:03

Can someone look at the 3 month chart for Corsair and explain what's going on? Are the repeated upward waves a normal trading pattern, p&ds or just algos trading back and forth? I like the stock value and thought I found a good swing trade, but I'm not sure I want to leave money in a stock that's going through a meme event... Position: 116 shares @ 38.52, 24 $40/45 3/19, 4/16 calls   submitted by   /u/ffthrowawayforreal [link]   [comments]


READ THE FULL ARTICLE ON REDDIT STOCKS

Related headlines:

  1. Corsair Gaming Acquires Visuals by Impulse (16/02/2021 - Reddit Stocks)
    You wouldn't be able to tell because the stock price has been dropping today for Corsair Gaming (CRSR) but apparently they acquired Visuals by Impulse today, a premium design platform for creators. This is potentially huge news for CRSR going forward because the problem with CRSR for the longest time was they were EXCELLENT in what they do and that was creating hardware for gaming PC. But what would they do outside of that? Was there any expansion plans outside of hardware and how much can the hardware business actually catapult them? This news is interesting because in acquiring Visuals, it seems they are trying to expand into streaming and can be the beginning of them getting into the gaming sphere outside of just providing the technology for it. https://finance.yahoo.com/news/great-content-design-corsair-acquires-140000904.html   submitted by   /u/tomackze [link]   [comments]
    [visit article]
  2. What is the bear case for Corsair? Why is there a big short float for this stock? (18/06/2021 - Reddit Stocks)
    I've gone through a few DDs, I've gone through financials https://finance.yahoo.com/quote/CRSR/financials?p=CRSR, a few interviews, and it seems this company in fact has pretty good financials and future, and it is a value play. However, the short float is quite huge at almost 22%. What am I missing? What is the bear case for Corsair? Did they have profits just because of the pandemic?   submitted by   /u/i_like_dolphins_ [link]   [comments]
    [visit article]
  3. Confused about Corsair (CRSR) secondary stock offering (03/03/2021 - Reddit Stocks)
    I was reading Corsair’s latest quarterly earnings report and they mentioned that in January, they had another public offering at $35.00 a share. They report states “The selling stockholders received all of the net proceeds from the offering.” I have two questions about this. Firstly, what does that statement mean? And secondly, should this secondary offering be concerning to me as a potential investor, especially considering the current stock price is right around their offering price?   submitted by   /u/imjustawolf [link]   [comments]
    [visit article]
  4. I Bought $1 Million of $CRSR Stock and Options!! Corsair Gaming Update (21/07/2021 - Reddit Stock Market)
      submitted by   /u/alexanderbittan [link]   [comments]
    [visit article]
  5. Corsair post earnings report (11/02/2021 - Reddit Stocks)
    $CRSR Corsair's earning report came out yesterday which looked like mostly positive news, albeit limited by supply issues last year. Overall, the company is doing well financially compared to recent years and makes products that seem to be popular right now. I have a corsair power supply, AIO liquid cooler, keyboard, and desk pad, and I've bought their low profile memory kits twice in the past. I believe in their products, trying to learn more about their business. A few days ago, Corsair was being talked about a moderate amount across investing subs, regarding possibly being a good play depending on the earnings report. I have 12 shares currently, but Corsair has been mostly trading sideways for the last few months. With mostly positive news and stocks dipping somewhat, is this a good time to get in/go more in on Corsair? This appears to be a stock that is going to rise soon, but is there something I am missing here? 420 stocks are the big conversation right now, so I guess it is understandable that fewer people are talking about this, but some additional insight would be appreciated. I'm not yet familiar with most patterns surrounding earning reports although I am trying to learn.   submitted by   /u/ocarinamaster64 [link]   [comments]
    [visit article]
  6. Meet CRSR | A Major Gaming Growth Stock | Is Corsair Gaming Stock A Good Buy? (29/03/2021 - Reddit Stock Market)
      submitted by   /u/jilly2502 [link]   [comments]
    [visit article]
  7. Corsair ($CRSR) lockup periods ends March 22 (18/03/2021 - Reddit Stocks)
    I've been looking to add some gaming stocks to my portfolio. There are some pretty bullish price targets out there for $CRSR. However, with the lockup period expiring, I'm weighing if the time to get in is now or later. I would expect a lot of company shareholders to sell once they are free to do so (and some retail investors to do the same in the lead up). Anyone have thoughts on the best play?   submitted by   /u/Both_Ends_Burning [link]   [comments]
    [visit article]
  8. is $CRSR a buy?! Analysis on Corsair gaming! (28/06/2021 - Reddit Stock Market)
      submitted by   /u/alexanderbittan [link]   [comments]
    [visit article]
  9. Anyone has a bear thesis for Corsair Gaming $CRSR? (06/03/2021 - Reddit Stock Market)
    I am mulling going heavily into Corsair at an entry point of around $30 I’ve been reading many bull thesis online that indicate a price target of $50 but based on many factors including growing revenues, relatively undervalued, industry growth and insiders from the gaming industry suggesting ultra high demand for some of their products. However I like to look at the other side of the coin and I would like to see any potential bear thesis out there as most articles like to point out the positives only and not the negatives. Anyone with views on this stock are most welcome.   submitted by   /u/CarlosDelgado473 [link]   [comments]
    [visit article]
  10. $CRSR : Monday was a WARM UP be ready for the real TAKE OFF ! (Shorties are sweaty) (17/06/2021 - Reddit Stocks)
    Corsair Gaming, Elgato and the streaming industry I think we are all aware that the gaming and streaming industry is booming. Some people are saying that it was just a “covid play”. I want to see their face when they realize how wrong they are. The $35 max pain (before Friday) I got a lot of “$35 is max pain, it’s impossible to reach this price blablabla”. Everything is possible in this casino and the fact that $35 is max pain is indeed a good opportunity to make all the sellers cry and drown in their own tears while we take the rocket to the moon! If we reach $35 before Friday the boost will be phenomenal. If you don’t own shares of CRSR already you could just enter at these actual cheap levels ($33 to $36) and still have a better price cost than most of the CRSR Gang holders who strongly believe this company is dramatically undervalued (spoiler : they are right). My position : 350 shares at $36.40 Insiders selling drama Eagle Tree is a private equity firm that helped Corsair grow substantially since 2017. They sold 2 287 511 shares on Monday and 432 989 shares on Tuesday and they still have 54 179 559 shares which is equivalent to 58.5% of ownership. They helped CRSR make good acquisitions (Elgato, SCUF, Origin PC…) and now they are taking some profit. I honestly don’t know what their plan is so do your own research. Paul Andrew is 63yo he has all the right to sell 400k shares if he wants after 28 years of good and loyal service (he still has 2 584 896 shares left). He can now offer himself a nice boat worth $16M and be a pirate in the Caribbean Sea this summer. CRSR and LOGI comparison Logitech is a good company no doubt about that. Let’s compare the last 4 quarters end 31th March 2021 of the two companies. CRSR market cap: $3.3B Revenue: $1.92B Gross Income: $540M Net Income: $149M LOGI market cap: $21.7B Revenue: $4.85B Gross Income: $2.14B Net Income: $875M You apes can calculate the multiples with some mental arithmetic and be amazed by the results. Let me simplify for you, Corsair should be worth $10B or $100 a share if you round it off. The next generation of Memory DDR5 SDRAM catalyst Corsair showed that they are ready for the next DDR5 cycle, it’s like the 5G but for RAM. I’m not a technician so you can read what they say in their blog post if you want to know more. The hype Join the CRSR Gang composed of respectful Corsairians that are convinced this stock will rise to $80-$100 sooner or later and are not willing to sell before this price is reached. TL;DR: Buy shares, don’t sell calls, no need to cover anything (this is obviously not a financial advice)   submitted by   /u/JOJOinvestor [link]   [comments]
    [visit article]
  11. $CRSR DD : Monday was a Warm Up be ready for the real Take Off! (Shorties are sweaty) (17/06/2021 - Reddit Stock Market)
    Corsair Gaming, Elgato and the streaming industry I think we are all aware that the gaming and streaming industry is booming. Some people are saying that it was just a “covid play”. I want to see their face when they will realize how wrong they were. The $35 max pain (before Friday) I got a lot of “$35 is max pain, it’s impossible to reach this price blablabla”. Everything is possible in this casino and the fact that $35 is max pain is indeed a good opportunity to make all the sellers cry and drown in their own tears while we take the rocket to the moon! If we reach $35 before Friday the boost will be phenomenal. If you don’t own shares of CRSR already you could just enter at these actual cheap prices ($33 to $36) and still have a better price cost than most of the CRSR Gang holders who strongly believe this company is dramatically undervalued (spoiler : they are right). My position : 350 shares at $36.40 Insiders selling drama Eagle Tree is a private equity firm that helped Corsair grow substantially since 2017. They sold 2 287 511 shares on Monday and 432 989 shares on Tuesday and they still have 54 179 559 shares which is equivalent to 58.5% of ownership. They helped CRSR make good acquisitions (Elgato, SCUF, Origin PC…) and now they are taking some profit. I honestly don’t know what their plan is so do your own research. Paul Andrew is 63yo he has all the right to sell 400k shares if he wants after 28 years of good and loyal service (he still has 2 584 896 shares left). He can now offer himself a nice boat worth $16M and be a pirate in the Caribbean Sea this summer. CRSR and LOGI comparison Logitech is a good company no doubt about that. Let’s compare the last 4 quarters end 31th March 2021 of the two companies. CRSR market cap: $3.3B Revenue: $1.92B Gross Income: $540M Net Income: $149M LOGI market cap: $21.7B Revenue: $4.85B Gross Income: $2.14B Net Income: $875M You apes can calculate the multiples with some mental arithmetic and be amazed by the results. Let me simplify for you, Corsair should be worth $10B or $100 a share if you round it off. The next generation of Memory DDR5 SDRAM catalyst Corsair showed that they are ready for the next DDR5 cycle, it’s like the 5G but for RAM. I’m not a technician so you can read what they say in their blog post if you want to know more. The hype Join the CRSR Gang composed of respectful Corsairians that are convinced this stock will rise to $80-$100 sooner or later and are not willing to sell before this price is reached. ​ TL;DR: Buy shares, don’t sell calls, no need to cover anything (this is obviously not a financial advice)   submitted by   /u/JOJOinvestor [link]   [comments]
    [visit article]
  12. $CRSR according to big analyst talking about how bullish they are with Corsair, it is showing a nice triangle break out!! ???????????? (16/02/2021 - Reddit Stock Market)
      submitted by   /u/Accomplished-Eye8012 [link]   [comments]
    [visit article]
  13. Taking a look at Corsair Gaming $CRSR (5 min read) (20/02/2021 - Reddit Stocks)
    Lets take a look at Corsair Gaming. Lets first take a look at the bearish case and then the bullish case. I will discuss Corsair more after. Bearish case: -Significant insider selling. Institutional ownership has decreased steadily. On 1/29 it was 17.7% today 2/19 it is 15%[1] -Short volume (higher is better) has decreased from 31% on 2/03 to 25% today 2/19[2] (Meaning the number of shares available to short is only around 1 million shares) -Analysts predict a Q1 2021 PE ratio of $0.27 down from Q4 2020 of $0.53[3] -Corsair has a high price to book ratio versus the overall tech sector. Corsair's 8.14 (as of eod 2/19) v. The tech sector's 4.07[9][8] -Corsair has a high total debt to equity ratio versus the overall tech sector. Corsair's 0.73 v. The tech sector's 0.04[10][11] -Cost of revenue increased from 872,887 to 1,236,938 (TTM) between 2019 to 2020[13] Bullish case: -Corsair has diversied into the streaming market, they own Elgato and have bought impulse[4] -Corsair has a low price to earnings ratio versus the overall tech sector. Corsair's 27.77 v. The tech sector's 45.49 [7][8] -Corsairs debt to equity ratio has decreased from 2.051 in July 2020 to 0.735 in Feburary 2021[10] -The interest coverage of Corsair is 3.00[12] -Total revenue increased from 1,097,174 to 1,702,367 (TTM) between 2019 to 2020[13] -The site "simply wallstreet" predicts a fair value of Corsair gaming at $65.00[14] (Not directly bullish) -The gaming market and streaming market are up from 2020. [5][6] ------------------------------------------------------------------------------------------------------------------------------------------ Corsair has bad fundementals, however I believe this move into streaming is a good one. Targetting people who want to become streamers and selling corsair products is a great way to increase profits within the companies attmosphere. Corsair's CEO expressed interest in streaming boot camps and training. If heading into this direction, Corsair can eat up Chinese market share when looking to create stablized boot camps to create streamers. If Corsair does go in this direction they can create a new revenue source by contracting the streamers they trained, taking a percentage of their profits and advertising Corsair products to the audience. I see a lot of people compare Corsair to Logitech $LOGI which is fair until you realize that Corsair is more than just a gaming accessories company. They create computers and buy software related to streaming. Logitech is a company that makes products for gamers and trational companies and consumers while Corsair focuses on gamers and now streamers. This difference seems small until you realize that Corsair doesn't have a real direct competitor. The blue ocean strategy approach Corsair has taken to be able to cement themselves into the gaming community will pay off 10 fold in the future. I believe that Corsair will be synonyms with gaming and gaming culture making it worth more because of the brand rather than the fundemental book value. I believe that paying anywhere $38.50 - $42.60 per share is a good investment for short-term investors. As a long-term investor buying in at any price will pay off in 5 to 10 years. Corsair Gaming has a lot to offer and I am excited to see where it goes in the future. Sources: [1] https://fintel.io/so/us/crsr [2] https://fintel.io/ss/us/crsr [3] https://theenterpriseleader.com/2021/02/19/brokerages-anticipate-corsair-gaming-inc-nasdaqcrsr-will-announce-quarterly-sales-of-444-82-million.html [4] https://finance.yahoo.com/news/great-content-design-corsair-acquires-140000904.html [5] https://financesonline.com/number-of-gamers-worldwide/ [6] https://twitchtracker.com/statistics [7] https://www.nasdaq.com/market-activity/stocks/crsr/price-earnings-peg-ratios [8] https://csimarket.com/Industry/Industry_Valuation.php?s=1000 [9] https://ycharts.com/companies/CRSR/price_to_book_value [10] https://ycharts.com/companies/CRSR/debt_equity_ratio [11] https://csimarket.com/Industry/industry_Financial_Strength_Ratios.php?s=1000 [12] https://www.finscreener.org/title/key-ratio-history?kpidcp=58766&kpi=5&idcp=58766#:~:text=(CRSR)%20is%203.00,-The%20interest%20coverage&text=It%20measures%20the%20margin%20of,debt%20during%20a%20given%20period%20is%203.00,-The%20interest%20coverage&text=It%20measures%20the%20margin%20of,debt%20during%20a%20given%20period) [13] https://finance.yahoo.com/quote/CRSR/financials?p=CRSR [14] https://simplywall.st/stocks/us/tech/nasdaq-crsr/corsair-gaming Disclosure: I own 56 shares @ $38.70 I am not a financial advisor. Please buy and sell securities at your own risk and own discretion.   submitted by   /u/SanoKei [link]   [comments]
    [visit article]
  14. Yo where my CRSR gang at? (23/02/2021 - Reddit Stocks)
    Down 18% on CRSR, just want to let everyone else who’s holding CRSR know that we are all suffering. Tech as a whole is down bad but this is only temporary. I still believe in an EOY PT around $60 and I plan to hold for a couple years at least. Stay strong everyone.   submitted by   /u/Heshboii [link]   [comments]
    [visit article]
  15. Why I'm bullish on CRSR (19/06/2021 - Reddit Stocks)
    I would like to preface this by saying that no I'm not a bag holder, although I am invested in the company I don't have an insane cost basis at like 35 or something. Also, I'm not saying we pump this stock this is just my DD so mods please don't remove my post again I put in a decent bit of effort lol and this isn't another shit post. First, CRSR is trading at a P/E of just 20 which is extremely low compared to the previous growth it's had. Of course, CRSR can't sustain their growth from last year but they will continue to grow nonetheless. Their competitors such as Logitech are trading at slightly higher P/E's yet are 7x the size of them indicating once again how low their P/E is for their sector. Then, their free cash flow is very strong. With most companies I would like to see them trading at around a 20x free cash flow or 25x if their growth is strong. For a company like Corsair 20x seems low and 25x would seem reasonable yet they are trading at just 16x FREE CASH FLOW. N Not to mention they are trading at a P/S of less than 2 and I understand that they have low margins but this is still very good for a relatively small company. Additionally, with Corsairs strong cash on hand this provides them with the opportunity to possibly improve their management or put more money into paid promotions with youtube/twitch streamers which I believe is much needed. Lastly, when I used my DCF model assuming 11% growth for the next 3 years, then 9 percent growth for the next 3 after that, and lastly 8 percent growth for the next 3 years then CRSR has a margin of safety 28% and an intrinsic share value of 41. Also remember, I am assuming somewhat conservative growth numbers. Finally, one of the main arguments against CRSR is that they cannot maintain their growth from last year and they will in fact shrink but this was proven completely wrong in q1 of 2021 where they continued to grow.   submitted by   /u/Miladyboi [link]   [comments]
    [visit article]
  16. .... CRSR? yall okay? (09/02/2021 - Reddit Stocks)
    despite meeting earnings expectations, saying they were only going to grow in the next quarter, AND hinting that they were going to release some new products into the wild (as a part of the Goldman Sachs Convention, i think) Corsair just fell like 5% today after rising a whopping 2 dollars. does anyone understand what's going on? why is the stock dropping after only good news was given? currently holding 18.75 shares at around 44 dollars average.   submitted by   /u/CookieMiester [link]   [comments]
    [visit article]
  17. Why I'm XXXX in CRSR. (07/05/2021 - Reddit Stocks)
    I came across this post in WSB re: CRSR (/u/idiotbarney) and it made me wonder why CRSR seems so criminally undervalued. In short, it seems like the entire tech sector went out of favor for the last quarter. But... if there's a turnaround in the segment, they have some good lights ahead of them. TL;DR - Why I'm invested in them. I really do like the company. I'm big into these guys. Maybe with GME's PC Sales push, that'll shine some light on CRSR. Maybe they'll get bought out by MSFT or AMZN who wants a more substantial play into the gaming and streaming market. Not sure, but I'm long on the stock with XXXX shares. Positions: XXXX shares Dec 17 2021 $35C Good Stuff 1) Cash flow from operating activities (their core product) is increasing YoY and QoQ. This is really good and healthy. 2) Inventory turnover (how many times a company sells its entire inventory stock) has been growing double digit %s for the past four years. That means that people want CRSR's product. But maybe CRSR is leaving money on the table because they're constantly out of stock? 3) Financial stability - they have solid growth in their free cash flow. Their quick ratio is < 1 which is not great, but their current ratio is > 1 which is good (quick = if they had to liquidate everything today, could they cover their debt ... current = are they being hamstrung by debt payments (no they are not)). 4) Stock value - they've given up 33% of their value from 3 months ago. This entire past quarter (for almost the entire tech market it seems) has been a massive haircut. They're consolidating around the low $30s - which if the tech market turns around should be a really healthy thing for CRSR. Okay Stuff 5) Branding - these guys are operating in a very fragmented space. They're doing the right things with branding, but in the market overall, they're still very much an unheard of name. They're kind of like how Sonos was almost 10 years ago. If Corsair can find a way to get more into the mainstream, then they're golden. 6) Leadership - this is the only iffy thing I see with them. They have a solid stack of leadership, but nothing really strikes me as a notable in terms of them pushing for bigger / greater things. As I mentioned before CRSR plays in an ultra-fragmented industry. Sure the big streamers and maybe most of you here know about the name, but a vast majority of people don't. Leadership needs to change this. Point in case, more ppl know about CRSR from streaming and reddit than from anything that leadership is really doing. Grassroots matters, but more is needed to go from early adopters to mainstream market.   submitted by   /u/daftstar [link]   [comments]
    [visit article]
  18. Why CRSR is a runaway hit (18/06/2021 - Reddit Stocks)
    I would like to preface this by saying that no I'm not a bag holder, although I am invested in the company I don't have an insane cost basis at like 35 or something First, CRSR is trading at a P/E of just 20 which is extremely low compared to the previous growth it's had. Of course, CRSR can't sustain their growth from last year but they will continue to grow nonetheless. Their competitors such as Logitech are trading at slightly higher P/E's yet are 7x the size of them indicating once again how low their P/E is for their sector. Then, their free cash flow is very strong. With most companies I would like to see them trading at around a 20x free cash flow or 25x if their growth is strong. For a company like Corsair 20x seems low and 25x would seem reasonable yet they are trading at just 16x FREE CASH FLOW. N Not to mention they are trading at a P/S of less than 2 and I understand that they have low margins but this is still very good for a relatively small company. Additionally, with Corsairs strong cash on hand this provides them with the opportunity to possibly improve their management or put more money into paid promotions with youtube/twitch streamers which I believe is much needed. Lastly, when I used my DCF model assuming 11% growth for the next 3 years, then 9 percent growth for the next 3 after that, and lastly 8 percent growth for the next 3 years then CRSR has a margin of safety 28% and an intrinsic share value of 41. Also remember, I am assuming somewhat conservative growth numbers. Finally, one of the main arguments against CRSR is that they cannot maintain their growth from last year and they will in fact shrink but this was proven completely wrong in q1 of 2021 where they continued to grow.   submitted by   /u/Miladyboi [link]   [comments]
    [visit article]
  19. Should I cut my losses or hold out? (25/03/2021 - Reddit Stocks)
    I bought into CRSR, ARKG, ARKF, AMD, and AAPL all near their peak and have been bag holding ever since. Down 26% on CRSR, 19% on ARKG, and didn’t even bother looking at the others. I like all of these stocks and didn’t buy out of impulse. My entire PC setup is corsair components and so is all of my friends’, my past couple phones have all been iPhones, all of my cpu’s have been AMD cpu’s, I use paypal and believe in financial tech, and I think biotech is a good industry for the future, but my timing wasn’t ideal, so I don’t know whether to sell and try and make my money back through trading other stocks or to just hold and average down over time. I currently have no cash to put back in to the market so I can’t average down right now. I’m not as fazed by this loss as I was by my GME loss where I lost 60% of my money, but I don’t really know where to go from here. Any advice is appreciated.   submitted by   /u/Heshboii [link]   [comments]
    [visit article]
  20. Guess the Company! (due diligence / ticker trivia) (01/03/2021 - Reddit Stock Market)
    Hi fellow kids, I'm back again today with yet another DD where I reveal the ticker at the end rather than the beginning. Let's see how many clues it takes for you to correctly guess today's stock: -This company with $1.7b in revenue last year has a market cap of just $3.3b -91.20% of this company's shares are held by Institutions, while 5.57% are held by insiders -Founded in 1994, this California-based company IPO'ed last year at $17/share -Last month, this company closed its follow-on public offering by selling ~$300m of its stockholders' shares at $35 per share -After being in the red for several years, this company finally turned a profit last year largely thanks to the impact of COVID-19 -This computer hardware company originally developed cache modules before changing its focus to DRAM modules -In 2019, this company acquired ORIGIN PC Corp, a custom personal computer manufacturing company based in Miami -This company's product line up includes everything from computer cases, power supply units, liquid cooling solutions, keyboards, mice, and even gaming chairs -Through its subsidiary SCUF Gaming, this company holds an array of valuable patents including some licensed to Microsoft in the creation of the Xbox Elite controller. Earlier this month, SCUF won a patent infringement lawsuit against Valve, and was awarded $4m+ in damages. -This company's logo is a pirate ship If you guessed Corsair Gaming Inc (NASDAQ:CRSR), you are correct! My take on $CRSR: While I do believe that CRSR is priced low compared to its peer $LOGI, the computer hardware sector is one where competition is stiff and margins are slim. That being said, I also believe that Corsair's brand power and reputation for quality will give it an edge over its competitors. Investing in CRSR is great way for boomers to gain exposure to the exploding gaming market without having to keep up with the idiosyncrasies of the industry. Disclaimer: I'm not a financial expert. This is not financial advice. I do not hold positions in this company.   submitted by   /u/louis_lafaille [link]   [comments]
    [visit article]
  21. Discussion on Corsair valuation and its growth. (27/06/2021 - Reddit Stocks)
    I am currently looking up corsair's 10K/10Q and creating a DCF model (poorly). its obvious from a quick glance, corsair's Y/Y growth is massive. Clearly seen when comparing its fiscal year/year growth. theres insane increase in revenue, net revenue, and FCF. Even going positive in net income. this also is after the fact that (unless im misunderstanding this concept on balance sheet) corsair has (relatively speaking to its previous years) insane inventory cash flow. however, projecting Y/Y growth is hard on this company. the cut and dry explanation of its 2020 growth is 2020 pandemic. everyone buying PC parts at inflated supply & Demand prices. obviously if that is the only case for its Y/Y growth, it wont last. was there any difference in corsair between 2020/YTD and the previous years? it looks like they have been doing the same thing for several years.   submitted by   /u/AIONisMINE [link]   [comments]
    [visit article]
  22. Corsair Due Diligence ($CRSR) (04/03/2021 - Reddit Stocks)
    Warnings: I own a few shares of Corsair, my evaluation may be biased. I am not a financial advisor. This is not financial advice. This is the first DD I've posted, I probably messed something up. TL;DR at the bottom. This is the first DD I'm posting, let me know anything I should fix. Who is Corsair? Corsair is a company that makes computer components such as fans, power supplies, SSDs, cases, coolers, RAM, and other peripherals. Since the pandemic, the gaming industry has seen huge growth with an influx of people looking for ways to spend time and the new dependence on home computers. It is my opinion that even after the pandemic, many will continue to purchase computer components and many will continue to work from home if possible. News. Recently, Corsair has acquired Visuals by Impulse. Visuals is a streamer's tool to create overlays and alerts on their stream. With some streamers making millions of dollars per year, there is no doubt that streaming is an appealing prospect. In recent years, the number of active streamers has gone from around 3 million to 9 million with no signs of slowing down. The streaming industry is just getting started. Streamers Per Year: https://imgur.com/a/WPUFhoE Corsair also released its earnings report on February 9th. Corsair beat their estimate but not expectations, so the stock dipped right after earnings from $44.70 down to $33.68 today. The tech selloff over the week has also affected the stock greatly. Other than that, the stock has been relatively quiet. Income and Revenue. Corsair makes a majority of its revenue, $1.7bn up 55% from last year, from selling PC components(~69%), and a good chunk of revenue comes from peripherals(~31%). Corsair has seen consistent growth in revenue over the past couple of years and quarters. Net Revenue was around 465 million, up around 241 million from last year(~192%). Net Income was at 103 million up from -8 million. Pros: - The price to book ratio is very low compared to the sector's(About 5 compared to 18). - The intrinsic value (at least according to my calculation) is higher than the current price even with a margin of safety of 10%. - Corsair is a very well respected brand in computers. - In the next few years, there will be big changes in the CPU market, and DDR5 RAM may come out, leading many to be looking for an upgrade. - The GPU shortage may end soon and people will be looking for PSUs to feed the GPUs and maybe fans and cases to better cool their PCs. Also, with the releases of the 3060 and AMD's equivalent coming soon to hopefully replace the 1060, many will be looking for new computer components. The 1060 currently makes up 9.62% of the GPUs used by Steam(gaming) users. With around 24% of Steam users using 3-4-year-old GPUs, there is no doubt that many will be looking for an upgrade soon. KEEP IN MIND, Corsair does not sell GPUs, but they sell items that are often purchased with GPUs. - Very high short float ~25%. - If you believe in Fibonacci retracements, Corsair is in the buy zone based on a 1-Year, 1-Day candle retracement from $22.97 to $51.26. Cons: - There is a lot of competition in the industry, a lot of companies make SSD's, PSUs, RAM, etc. - Due to the silicone shortage, upgrading a PC is harder so it may lower the odds that people need new RAM, power supplies(power-hungry GPUs and CPUs), or cooling. This may be a good thing because once the shortage ends(hopefully), there should be a huge increase in the number of people purchasing products for their PCs. - I'm probably biased towards Corsair. - Current bearish momentum. TL;DR: I'm bullish on Corsair in the long term, I believe that it is very undervalued right now. With changes coming to the computing industry, I see very big potential in the growth of Corsair. Again, I am not a financial advisor. This is not financial advice. This is the first DD I've posted, I probably messed something up.   submitted by   /u/RubiksPoint [link]   [comments]
    [visit article]
  23. Tired of hearing about all these meme stocks? I handpicked the most popular posts, tickers, and DD from the last week. Here are the results! (14/02/2021 - Reddit Stocks)
    Hello! I went through all the hot posts in popular sub-reddits and selected the top posts for the week. I excluded meme stocks because I'm sure everyone is experiencing fatigue at the moment on why ThE SquEeZe iS nOt SqUoZe. You might think this is very subjective to what I think is "popular" or a quality post, so here were my requirements to be included. The post must have reached the hot section at any point during the week. Post types that WERE included: news, discussion, due diligence Post types that were NOT included: memes, YOLOs, shitposts, gains, losses, etc The post was included if it met a certain amount of engagement (upvotes, comments). These are listed in no particular order. If this is something you guys like I will continue posting this, maybe weekly or bi-weekly. ​ ​ Post Title Tickers BB is not a phone company. Here’s some DD BB Blackberry -- A Dormant Giant BB Comprehensive Guide about BB and how it shall take off in coming years BB Why I am bearish on BB (technical analysis) BB My Biden leaps: TLRY and ICLN TLRY, ICLN Full Diligence Post on Palantir (PLTR) - Earnings Next Monday (2/16) & Lockup Expiration (2/19) PLTR BlackRock & The California Public Employee Retirement System BUY NIO NIO $NIO is ready for a breakout!! NIO For those who are buying company stocks to avoid ETF fees in ARK ARK ETFs Rocket Companies (RKT) - DD on an Undervalued Gem! RKT What does Cathy Woods and Tom Brady have in common? DKNG DKNG $CRSR Corsair DD - The Q4 results are basically already out and nobody is talking about it! CRSR Best Call Play? $SPCE, $APHA, $CRSR SPCE, APHA, CRSR ​ Additional - Most talked about stocks on WSB this week Estimated Total Comments Parsed Last 7 Day(s): 322,884 Ticker Comments Bullish % GME - Gamestop Corpor... 8,150 73% TLRY - Tilray Inc - Cl... 6,034 70% APHA - Aphria Inc 5,395 76% TSLA - Tesla Inc 3,781 74% PLTR - Palantir Techno... 3,169 84% AMC - AMC Entertainme... 2,144 79% BB - BlackBerry Ltd 2,069 90% CRSR - Corsair Gaming ... 1,408 83% AAPL - Apple Inc 1,159 78% DIS - Walt Disney Co ... 1,111 85% HYLN - Hyliion Holding... 1,062 70% SPCE - Virgin Galactic... 771 79% AMD - Advanced Micro ... 761 92% NIO - NIO Inc - ADR 724 89% WISH - ContextLogic In... 473 81% NOK - Nokia Corp - AD... 422 89% AMZN - Amazon.com Inc.... 410 77% NVDA - NVIDIA Corp 380 73% DKNG - DraftKings Inc ... 364 88%   submitted by   /u/swaggymedia [link]   [comments]
    [visit article]
  24. Corsair $CRSR DD - Double Your Investment Safely! (16/03/2021 - Reddit Stocks)
    Position 1: https://imgur.com/a/GlUVtqT Position 2: 4/16, 5/21, 8/20 calls Corsair $CRSR makes high end PC peripherals and other pc/gaming parts. They are also making a huge push to capture revenue from content creators, which has a much higher margin. They are quickly becoming a major player in the industry. Everyone knows their name, their brand is slowly capturing market space in other sectors. A good article on this can be found online, search for "Corsair gaming moving from player to contender" The stock was very much cyclical, +/- 20% ever couple weeks, with growing support and a bullish trend. Well, after a bottom the Nasdaq sell-off began and so did the $35 support of Corsair, crashing to the 20's for one day. The financials of Corsair are amazing for a growth tech company. Seriously, find me one tech company that grew 70% YOY in revenue and is valued at a forward P/E of low 20's. Currently, they're trading at 2x revenue. That is insane, however, it's because their margins are lower as they don't manufacture most of their own products. My favorite part of Corsair? They're buying up companies in which many are related to streaming and recurring revenue. Look at some of them: Elgato (They are 100% focused on making products for content creators) SCUF (A streamer will want to showoff their custom controller and expect them to own more than just one) ORIGIN PC (Same as above. Showing off custom built products as a content creator) GAMER SENSEI (A coaching platform for gamers) Their Growth Strategy is as follows: -Advance as the global leader in high-performance gaming and streaming gear. -Continue to develop innovative, market-leading gaming and streaming gear. -Expand into new gear and services that grow our market opportunity. -Leverage our software platforms to sell more gear to existing customers. -Strengthen relationships with end-users by increasing direct-to-consumer sales. Then there's the 3/22 lockup expiry. During a 3/12 investor conference the CEO Andy Paul (who I hope they replace, he's a tech nerd not a multi-billion dollar company CEO), stated there is nothing to worry about for the lockup expiry. They went with one investor who is not selling their shares. For the other 7 million+ shares they sold in January during a second public offering, they were purchased at $35! Do you think these investors will immediately start selling? If they do, it's two days of volume. It won't be an issue. Meanwhile, everyone is suggesting they'll buy AFTER lockup! By then, it will be too late. Finally, the short float is extremely high. Two things happen during lockup expiry. One, investors sell and the prices go down 10%-20%, and the shorts cover. Two, prices do not go down, shorts cover, shooting the price up 10%-20%. This just in: They released a new keyboard and it's already sold out. Their products are on FIRE! Bear Thesis: -Gaming was a COVID play and will not grow in 2021. -Lockup Expiry 3/22 increases shares float. -Tech stocks are scary. -Low support levels as it crossed below MACD. -Earnings are low. They need to increase their margins. All of bear points are mute when Corsair continues to blow revenue expectations TLDR: Corsair is a great long-term play. If you believe gaming to continue to grow and Corsair products to be great, it's a no-brainer. My EOY price target is $67   submitted by   /u/Jeraldoo [link]   [comments]
    [visit article]
  25. What happened with corsair? (04/06/2021 - Reddit Stocks)
    Corsair just dumped more than 6% at market open. I did my DD some im not worried, just bought a few more even. But i was wondering if I missed some news because it doesnt seem to be market related. Any thoughts?   submitted by   /u/sven2123 [link]   [comments]
    [visit article]
  26. Corsair CRSR Earnings Today (09/02/2021 - Reddit Stocks)
    Looks pretty good! https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-reports-fourth-quarter-and-full-year-2020 "We are excited to see the market for gaming and streaming product continue to grow at such a pace. It is clear that a new wave of gamers and streamers has entered the market as well as consumers building gaming PCs for the first time. Our expectation is that all these people that are new to the market will continue to buy gaming and streaming products from us for many years into the future. I am particularly pleased that the revenue from our gaming components and systems segment is now over $1 billion. And equally happy to see our gamer and creator peripherals segment grow by 83% and break through the half billion milestone. Obviously this is amazing growth in both segments. We continue to bring out exciting new product in all our product lines, and these seem to be resonating well with our current and new customers. In fact our last three major product launches, the K100 keyboard, the Elgato Wave microphone, and the 4000X gaming case, are all showing near 5 star reviews at major retailers, and gained solid market share in a short time,” stated Andy Paul, Chief Executive Officer of Corsair. “We are extremely pleased with our financial performance in the fourth quarter. We have paid off an additional $50 million in debt during the quarter, making the total debt repayment $190 million for 2020. We expect to continue to use our operating cashflows to reduce our debt and continue to invest in growth. We also had a successful secondary offering this January, with all net proceeds going to the selling shareholders participating in the secondary,” said Michael G. Potter, Chief Financial Officer of Corsair.   submitted by   /u/Truthbelow [link]   [comments]
    [visit article]
  27. I created an algo that tracks the most hyped stocks on Reddit. Here are the results for this week - 2/16/2021 (17/02/2021 - Reddit Stock Market)
    What's up everyone. I created an algo that scans the most popular trading sub-reddits and logs the tickers mentioned in due-diligence or discussion-styled posts. Instead of scanning for how many times each ticker was mentioned in a comment, I logged how popular the post was among the sub-reddit. Essentially if it makes it to the 'hot' page, regardless of the subreddit, then it will most likely be on this list. There are two parts to this post. The first is for posts that were submitted in the most active trading sub-reddits (such as this one), and the second part has the most mentioned tickers from the WSB sub-reddit. How is "Hype" calculated? Well, this is a little tricky but it's based on the engagement that the post received in that sub-reddit relative to other posts in the same sub-reddit How can I use this list? The best way to use this data is to learn about new tickers that might be trending. As an example, I probably would have never known about the ARK etfs, or even Palantir, until they started trending on Reddit. This gives many people an opportunity to learn about these stocks and decide if they want to invest in them or not - or develop a strategy investing in these stocks before they go parabolic. We're working on automating this wallstreetbets hype-stock investment strategy at Quantbase so feel free to checkout our progress. The data on this list is limited to one post per ticker. I've taken the most 'popular' post for that ticker on whichever sub-reddit it may have been. What I've found is that normally if tickers begin to trend on one sub-reddit then generally-speaking there will be posts for the same ticker on various other sub-reddits. Here's the data from the last week. Most Hyped Stock Threads ​ Post Title Tickers Average Hype % BB is not a phone company. Here’s some DD BB 300%+ My Biden leaps: TLRY and ICLN TLRY, ICLN 300%+ Full Diligence Post on Palantir (PLTR) - Earnings Next Monday (2/16) & Lockup Expiration (2/19) PLTR 300%+ $NIO is ready for a breakout!! NIO 287% For those who are buying company stocks to avoid ETF fees in ARK ARK ETFs 233% Rocket Companies (RKT) - DD on an Undervalued Gem! RKT 143% $ZOM ($2.55) - Zomedica Corp is about to skyrocketing and only a few are realizing it. ZOM 111% What does Cathy Woods and Tom Brady have in common? DKNG DKNG 85% $CRSR Corsair DD - The Q4 results are basically already out and nobody is talking about it! CRSR 43% Best Call Play? $SPCE, $APHA, $CRSR, or $MVIS SPCE, APHA, CRSR, MVIS 31% ​ WallStreetBets - Most Mention Equities This Week Estimated Total Comments Parsed Last 7 Day(s): 322,884 ​ Ticker Comments Bullish % SNDL - Sundial Growers... 9,723 57% GME - Gamestop Corpor... 8,150 73% TLRY - Tilray Inc - Cl... 6,034 70% APHA - Aphria Inc 5,395 76% TSLA - Tesla Inc 3,781 74% PLTR - Palantir Techno... 3,169 84% AMC - AMC Entertainme... 2,144 79% BB - BlackBerry Ltd 2,069 90% CRSR - Corsair Gaming ... 1,408 83% AAPL - Apple Inc 1,159 78% DIS - Walt Disney Co ... 1,111 85% HYLN - Hyliion Holding... 1,062 70% OCGN - Ocugen Inc 915 50% SPCE - Virgin Galactic... 771 79% AMD - Advanced Micro ... 761 92% MVIS - Microvision Inc... 725 81% NIO - NIO Inc - ADR 724 89% ZOM - Zomedica Corp 661 88% WISH - ContextLogic In... 473 81% NOK - Nokia Corp - AD... 422 89% AMZN - Amazon.com Inc.... 410 77% NVDA - NVIDIA Corp 380 73% DKNG - DraftKings Inc ... 364 88%   submitted by   /u/quantbase [link]   [comments]
    [visit article]
  28. $AVIR and $CRSR (24/05/2021 - Reddit Stocks)
    Hey folks, I'm looking for a couple more adventurous stocks to enrich my portfolio (more will come in the future). I have identified a couple of opportunities and would like to ask the hive mind for thoughts on them :) AVIR - Atea Pharma - Is a biotech company which focuses on oral antiviral drugs, main focuses are covid (e.g. treating people who caught the virus, not the vaccine) which is in Phase 3 of testing (should hear results in the next few months, but already licensed to Roche) and Hep C (much earlier stages). What caught my eyes is that they became profitable this year, and they earnings are estimated to grow massively ~90% and generally seems to have reached all time low of around ~$22 vs an ATH of almost ~$90 ​ CRSR - Corsair - Gaming and streaming equiment, another company that seems grossly undervalued. They have had a massive 2020 thanks to Covid which is expected to keep growing as the gaming industry in general. After a strong rally post IPO, where it reached an ATH of ~$50 is currently sitting at $30 and generally sees to have a pretyt low P/E ratio. ​ Thoughts?   submitted by   /u/davodesign [link]   [comments]
    [visit article]
  29. Thoughts on a PC (gaming) focused portfolio? (01/07/2021 - Reddit Stocks)
    I'm considering adding some of the following (12), but I'm more than willing to trim the list. My rationale, especially for the components portion, is that you really can't avoid these companies and maintain general compatibility and quality (AMD vs NVDA, AMD vs INTC, WDC vs STX). Brands like corsair and asus certainly charge a premium, but also make high quality, very good looking products. The large office/personal computer companies at the end of the list have been branching out into high end (but also high premium) prebuilt gaming pcs and laptops Components: NVDA AMD INTC TSM WDC STX CRSR ASUUY Peripherals CRSR ASUUY LOGI Prebuilt and Laptops ASUUY (ROG, TUF)* LNVGY (Legion)* DELL (Alienware) HPQ (Omen) I was also thinking about retailers (BBY, NEGG), but I'm not sure I want brick and mortar exposure, at least not with this. Dividend yield is also pretty negligible thanks to most of the companies not paying at all, or paying very little ahem NVIDIA. *it seems like Lenovo and Asus aren't on US exchanges   submitted by   /u/TheDogerus [link]   [comments]
    [visit article]
  30. The Weekly DD - Corsair Gaming (CRSR): Rise of The Gamers (03/06/2021 - Reddit Stocks)
    The video game industry has taken off since the pandemic and is expected to reach a value of ~$290 billion by 2026. How does this compare to the global box office industry? From 2019 to 2020 we saw revenues shift in the following: 2019 -> 2020 Global Box Office ~42 billion (all-time-record) -> ~11.5 billion Gaming Industry ~152 billion -> ~164 billion That’s right, in 2019 (pre-pandemic) the gaming industry was already over 3.5x the size of the box office entertainment industry and over 14x in 2020*. Gaming’s 2020 growth outperformed the growth of both movies and sports combined. ​ There is a shift in the ecosystem from gaming for fun to becoming more of a social event, ie: hanging with friends while playing video games for the hobbyist gamer, and streaming for the professionals. Gaming, once thought to be an activity for the young, has proliferated through all age groups and demographics. In 2020, 64% of all American adults (214.4 million people) played video games. ​ Check out evolution of streaming platforms since the Pandemic. Out of the top 3 competitors (Twitch, Youtube, Facebook) Twitch was the clear winner here with users streaming and revenues jumping significantly. This massive expansion of total addressable market (TAM) is most likely a one time occurence, but the gaming industry is still expected to grow at a compound annual growth rate (CAGR) of roughly 11% moving forward. eSports Another beneficiary of the gaming industry boom, which is not talked about enough nor well-understood by many, are eSports. Essentially, eSports are gaming competitions that offer cash as prizes and draw YUGE crowds. The eSports industry alone is set to surpass ~1.1 billion in revenues in 2021, a 14% growth from 2020’s ~950 million. To put things in perspective some of the top eSports events compete with the US Open Tennis and US Open Golf tournaments where the winner takes home millions of dollars. Enters Corsair Gaming (CRSR) What is Corsair Gaming (CRSR)? They are a designer and manufacturer of high-end gear for all things PC gaming. They offer four different segments of products, almost all of which have 5-star ratings on Amazon. ​ PC peripherals: keyboards, headsets, mice, mousepads, chais, etc. Streaming equipment: green screens, capture cards, microphones. PC components: almost anything outside the graphics card that can be found inside the PC tower (the big metal box that the computer is made of). Gaming PCs for those that don’t want to self-customize their own. Corsair - Outlook With the rise of gaming comes new opportunity for CRSR to expand its sales. In 2021, the PC gaming market was estimated to be $45.5B with ~50% of all gamers using a PC to play video games. This creates a very opportune market for those who can provide value to the PC gamer. The target market who purchases peripherals are a passionate, well-researched group with access to many other brands. Therefore, only a well-liked (and popular) brand can succeed in this market. Thus, the market advantages large incumbents over smaller up-and-comers. Their brand value is also obvious in the premiums that their brand allows them to charge. Their gaming components and systems products, which they are currently the market leader, demands an average of ~40% premiums compared to their competitors! This means their products cost 40% more, on average, than their competitors and they are still out-selling them. Final Thoughts Given the rapid growth of the gaming industry boosted by the COVID-19 pandemic, CRSR is on track to capture a large segment of this growth and expand its business as a result. However, CRSR is not expected to have any massive shifts in its business nor do their growth strategies include any drastic changes to their current strategy. Corsair is a premium brand with solid market penetration. Although they may not experience the same explosive from 2019 to 2020, they are in a great position to remain a market leader in a fast-growing industry. Positions: None at this moment in time although I trade in an out of positions on this ticker frequently.   submitted by   /u/TheStonksHub [link]   [comments]
    [visit article]
  31. CRSR insider selling concern (28/06/2021 - Reddit Stocks)
    I've been looking to put money into CRSR as I like where they are heading, their financials as well as long-term prospects for the gaming/streaming market. However I've noticed they have some massive insider selling with multiple CRSR officers selling large amounts of shares. Is this a sign that they don't have faith in the long-term growth of the company? I have a hard time believing so many of their insiders would sell if they were bullish, and it's one major factor that's preventing me from investing.   submitted by   /u/Dregenfox [link]   [comments]
    [visit article]
  32. I tracked the most notable investments posted to social media this week (14/02/2021 - Reddit Stocks)
    Today I tracked the most notable (to me) investments made this week. Well, riding off the GameStop high, it seems like this week was filled with pump and dumps all over social media. Since r/stocks doesn't allow pump and dumps, this week's investments were pretty difficult to curate hahaha. Either way, here they are: ​ Citron champions an interesting STOCK way to play the BTC run up *most pls dont delete it's a stock not bitcoin* Back in November, Infamous GameStop short, Citron Research, recommended an unconventional way to play the run up on Bitcoin. MicroStrategy Inc. ($MSTR) invested $425 million to buy 38,250 bitcoins that have a market value of over $700 million, Citron said back in November. The company is therefore trading at just 2.5 times its sales, the report from November said. "As investors scramble to look for ways to capitalize on bitcoin in the stock market, look no further than MSTR," the report said. "At these prices today, investors are getting a best in class software business at a discount and a free call option on owning a growing treasure chest of bitcoins." Since then, Bitcoin has been up 138% while $MSTR has been up a whole 332%! Incredible. The stock is up an additional 12% this week. ​ Remember when Corsair and Electric Vehicles were the trend? Seems like a lifetime ago when everyone was obsessed with EV's, Palantir, and Corsair. After the GameStop conundrum, Redditors are still holding strong on their January picks. Reddit user, upvoteifurgey, is making the case for Corsair. In their post, they highlight this latest earnings. Apparently, it was a monster. They say: "For such a small market cap stock, CRSR is an absolute stealAnd they are profitable quarterly and yearly! Planning to launch a bunch of new stuff this year.Potential acquire target which will sent them over 40% up overnight.The stock will double in no time..buy! ????????????TLDR: BUY and don't sell for under 70 ????????????" They're down 1.8% this week. ​ Well, that's all for this week, let me know if you'd like me to do this every week! I'm thinking of making it a series. ​ SOURCES: https://www.reddit.com/r/wallstreetbets/comments/lg3zf4/crsr_crushed_expectationsand_why_its_the_cheapest/ https://twitter.com/CitronResearch/status/1358804591970779141/   submitted by   /u/JoshRozin [link]   [comments]
    [visit article]
  33. Sudden CRSR price increase – how did this happen with pumps usually taking a few days? (15/06/2021 - Reddit Stocks)
    I've become fairly familiar with the phenomenon of a lot of stocks going through pump & dumps or "squeezes" this year. What's surprised me is what recently happened with CRSR. Usually, these price increases happen over a few days, achieving a maximum before starting to come down again, at various speeds. What happened with CRSR was interesting because it essentially went up 30% PM after crabbing for months, and now it appears to be falling down to the previous $31-$34 range. Can someone explain?   submitted by   /u/bartmasta [link]   [comments]
    [visit article]
  34. Opinions on Corsair for short term? (03/07/2021 - Reddit Stocks)
    Hello I have only used Corsair's RAM I really do not have any idea if their other components are really a bang for your buck. That being said I see a lot of people saying this is a strong buy, I looked at their presentation and to be honest, I do not thing gaming is slowing anytime soon, even with Covid gone. So anyone here to give advice if its worth picking (or not) around 10 shares for probably few months?   submitted by   /u/BrownGaze [link]   [comments]
    [visit article]
  35. CRSR DD (23/03/2021 - Reddit Stock Market)
    About Corsair Gaming Corsair Gaming manufactures a variety of gaming/streaming related goods. This includes tower cases, keyboards, headsets, audio equipment, and entirely pre-built PCs. Therefore, their primary sources of revenue are derived from manufacturing hardware (rather than software). ​ Thesis Given the expected growth of gaming, esports, and streaming, Corsair at it's current valuation (roughly $3bn) is undervalued. I will attempt to justify this through environmental, financial, and strategical analysis. Then I will assess potential risks/threats to Corsair moving forward. ​ Overview In the environmental analysis I will focus on Corsair's competitive environment. Specifically, I will review what I believe are Corsair's main competitive advantages. In the financial analysis I will examine historical statements, as well as address projections. I will describe why I am confident in Corsair's valuation and financial health. Through strategic analysis I will further illustrate Corsair's competitive advantage, and how management can execute that. Particularly, I believe Corsair's acquisition strategy offers a compelling growth story. Finally, I will cover common criticisms and potential vulnerabilities to Corsair's strategy/growth. ​ Environmental The market for gaming components and peripherals is naturally not free of competition. Logitech, Razor, and a number of other brands offer budget and high-end components and peripherals. I believe, however, that Corsair has and will continue to establish consumer loyalty. Corsair (in a dated article) was among top brand loyalty for peripheral gaming brands.1 I was unable to find more recent information, but I believe this is indicative of Corsair being one of the most desired brands in the market. However, Corsair and other manufacturers still face pressure on things such as price point and consumer reviews, and can't rely wholly on reputation or brand name. The Elgato division is also incredibly successful in the creator/competitive gaming peripherals market. Elgato's range of products, like Corsair, are seen as the premium within its market. The gamer and creator segment is Corsair's fastest growing, boasting a 104% YoY revenue growth for the fourth quarter. Given the excellent reviews on Elgato's streaming hardware, I'm confident the streaming segment will continue to see growth.2 The CAGR for esports through 2026 is expected to be 20%.3 Given Corsair's correlation to the esports industry, this inspires confidence in growth outlooks. It is my belief that Corsair is well positioned within a very hot market that will continue to see growth. ​ 1 https://newzoo.com/insights/articles/the-disconnect-between-brand-loyalty-and-sales-in-the-gaming-peripheral-market/. 2 https://www.elgato.com/en/stream-deck-xl. 3 https://www.globenewswire.com/news-release/2021/02/02/2167964/0/en/The-eSports-market-is-expected-to-register-a-CAGR-of-20-during-the-forecast-period-2021-2026.html#:\:text=Filings%20Media%20Partners-,The%20eSports%20market%20is%20expected%20to%20register%20a%20CAGR%20of,the%20forecast%20period%2C%202021%2D2026). ​ Financial Corsair has seen significant and consistent revenue growth. Last year, revenue was $1.7bn, meaning the trailing price to revenue ratio is roughly 1.8, pretty reasonable for a growing company. Income was $103m, meaning the trailing price to earnings ratio is roughly 29, also reasonable given its growth prospects.4 Expectations for 2021 are $1.9bn in revenue, and income of $128m. This implies a forward revenue ratio of roughly 1.6, and a forward price to earnings ratio of roughly 23.5 In the current climate of tech, these ratios seem reasonable. Especially when considering the long-term growth outlook for demand in gaming peripherals and creator hardware. Corsair also has a relatively healthy balance sheet. Over the last several years, Corsair's debt to equity ratio has gotten gradually better, now at roughly 74%. This represents a significant degree of leverage, but it is encouraging to see it decreasing. Both Corsair's debt and interest coverage ratios are healthy, however. Free cash flow represents 52% of its debt, and their EBIT has 4.6x coverage on interest payments. Its short-term asset to short-term liability ratio is also above 1.6 Given their relatively healthy financial ratios, I think Corsair is primed to take advantage of the explosive growth in esports and gaming. ​ 4 https://finance.yahoo.com/quote/CRSR/financials?p=CRSR. 5 https://simplywall.st/stocks/us/tech/nasdaq-crsr/corsair-gaming. 6 https://simplywall.st/stocks/us/tech/nasdaq-crsr/corsair-gaming. ​ Strategic Corsair's approach to acquisitions provides a healthy and sustainable growth strategy. Corsair has successfully expanded into a wide variety of components, peripherals, and accessories. They select companies for acquisition that offer a premium brand name and accompany their portfolio well. The acquisition of SCUF gaming (manufacturer of controllers for both PC and consoles) in December of 2019 is a perfect example of this. It is a well-known brand that is perceived as high quality, and compliments Corsair's existing line of products well. It extends Corsair's reach into gaming without overlapping its existing products. Integrating these divisions into existing supply chains and outsourcing manufacturing allows Corsair to maximize profitability.7 The general trust of stewardship to continue to make intelligent acquisitions is a key part of Corsair's strategy. Long-term growth is enabled through these acquisitions and expansion into gaming and esports. ​ 7 https://hanweiconsulting.com/2020/09/08/a-corsair-valuation-nasdaq-crsr/. ​ Risks Given Corsair is primarily focused on manufacturing of goods, it isn't a true tech company. This means that as it continues to scale, the operating margin will only improve slightly. Loyalty among consumers could be a concern, as many gamers are concerned solely with specs and don't adhere to any one brand. Corsair's degree of leverage could prove problematic if esports/gaming slows. Trust of stewardship is of great importance, given Corsair's emphasis on acquisitions to create growth. If management makes poor choices in acquisition targets, Corsair's profitability and brand name could suffer. ​ Conclusion Corsair is priced low considering it's growth prospects and execution within the esports/gaming industry.   submitted by   /u/ksb041200 [link]   [comments]
    [visit article]
  36. Tired of hearing about GME, AMC, & NOK? I handpicked the most popular posts, tickers, and DD from the last week. Here are the results! (08/02/2021 - Reddit Stocks)
    Hello! I went through all the hot posts in popular sub-reddits and selected the top posts for the week. I excluded GME, NOK, AMC because I'm sure everyone is experiencing fatigue at the moment on why ThE SquEeZe iS nOt SqUoZe. You might think this is very subjective to what I think is "popular" or a quality post, so here were my requirements to be included. The post must have reached the hot section at any point during the week. Post types that WERE included: news, discussion, due diligence Post types that were NOT included: memes, YOLOs, shitposts, gains, losses, etc The post was included if it met a certain amount of engagement (upvotes, comments). These are listed in no particular order. If this is something you guys like I will continue posting this, maybe weekly or bi-weekly. ​ Post Title Tickers AMZN Amazing interview of Jeff Bezos before becoming famous AMZN ZACKS upgrades $BB (BlackBerry Limited) price target from 14$ to 29$ BB BB is probably not the next GME, it's probably the next TSLA BB What I got out of Palantir Demo Day PLTR Palantir rises from 52nd to 34th holding in ARKW PLTR I draw with crayons so you don't have to. The grind up continues. Tickers on the watchlist this week: U, PTON, BB U, PTON, BB CRSR Corsair DD - The Q4 results are basically already out and nobody is talking about it! CRSR Best Call Play? $SPCE, $APHA, $CRSR SPCE, APHA, CRSR AMD smashes revenue and EPS estimates AMD Well done to you all; but don't sleep on NIO. NIO Rocket Companies (RKT) - DD on an Undervalued Gem! RKT PLUG POWER EXCEEDS 2020 GUIDANCE AND RAISES TARGETS FOR 2021 AND 2024 PLUG Facebook now trading at only a forward P/E of 20.5 FB Check out the Present and Future of $BCRX. JP Morgan Healthcare Conference presentation below. #BioWar BCRX   submitted by   /u/swaggymedia [link]   [comments]
    [visit article]
  37. Portfolio advice (06/04/2021 - Reddit Stock Market)
    Hey guys. Would like some thoughts on my portfolio: AAPL: 38% GNUS: 19% BB: 16% CRSR: 16% APHR: 6% TSM: 5% Apple, Blackberry and TSM are my long term plays (8-10 years+), Corsair and Genius my medium term plays (1-3 years) and Aphria being my short term play with the imminent merger in mind. Total $8k invested. I have thought about adding a commodity like lithium or copper to my portfolio but not sure which yet. Maybe a split on both. I did have a pharma stock in Corbus but after it did well I sold all my positions and reinvested as well. Likewise for AMD: I got in at a nice price and sold recently on its rise. I've been taking bits of profit for myself and reinvesting the rest in AAPL for my long term. Advice is appreciated!   submitted by   /u/senorjacksparrow [link]   [comments]
    [visit article]
  38. Selling CRSR covered calls. (14/07/2021 - Reddit Stocks)
    Now that CRSR is at a lower price im debating buying 100 shares in order to sell OTM calls for a couple months from now. With eagle tree still owning a substantial amount of the stock and being forced to sell it i see this as a good opportunity to sell some far OTM calls. Still pretty new to selling calls though so if anybody thinks im dumb and this wont make shit then please let me know as i probably have no clue. Thanks   submitted by   /u/tahopg [link]   [comments]
    [visit article]
  39. My personal investment plan after the MOASS (19/03/2021 - Reddit Stock Market)
    -Sorry in advance, I'm on a laptop so please forgive me for the lack of emoji's, also I'm not a native speaker so excuse my english- $UUUU Uranium Energy, Because this world is in a growing need of energy and personally i am convinced that in the near future our renewable/green energy sourches just will not cut our demand of power. The more technology keeps growing and evolving the more power we need and nuclear power is in my eyes the cleanest and best way to get that energy compared to other current available methods. In April 2007 the stock was worth over $200 and it curently sits at ~$6,50. $GME Gamestop, After GME went BRRRRRRRRRRRRRRR and is available for anywhere under 800 I think it would still be a very valuable call, I believe in GME and will never stop believing in GME and r/GME. While I'm at it a special thanks to all the mods, u/Rensole and u/Heyitspixel !!! $LTBR Lightbride Because they suply very efficient uranium fuel and are trying to make Thorium a way a fueling Uranium reactors! Thorium being way way way better for the enviourment, I'm pretty sure that in the upcoming years Thorium reactors will be booming! Not any specific but WATER stock. I am fully with Michael Burry on this one, drinking water is scarce and with a growing world population the ask for clean drinking water will only keep increasing. $LMT Lockheed Martin Lockheed is working on fkcing fusion energy, they claim they will have a working, functional and operating fusion reactor in 5 years. ofc its pure speculation but if that is true they will be the first company to succesfully have created a fusion reactor. $IBM IBM, IBM has been on the decline for a while but they are working very hard on quantum computers and they have already released the IBM one a while ago, a quantum computer available for purchase. Personally I am very bullish on quantum computers because as we apes are not good at counting our need for computing power keep increasing. $CRSR Corsair Memory, A lot of people have very good DD's on Corsair and since I'm in a rush I will not further evaluate on this. $AMD AMD Same goes for AMD as for Corsair. $GOOGL Google, Because Google, because AI, Quantum Computers and Cloud services. Will make edits "soon" to further elaborate on things, if you have good suggestions please comment. DONT FORGET TO ADD $CUM $ASS $COCK $FART and $TITS TO YOUR PORTFOLIO!!! Sincerly yours, DMB   submitted by   /u/DMBofficial [link]   [comments]
    [visit article]
  40. $CRSR Bear Points and Quick Intro to Stock Valuation (30/03/2021 - Reddit Stock Market)
    I have seen a lot of crappy DD in regards to Corsair. I wanted to take the time for those of you that are new to the stock market to get a better sense of what to look for when evaluating a company. I'll keep this as short as possible. Most of this will give you somewhere to start. If you know what you are doing in the market and just want to see my point feel free to skip to the end, this is all basic stuff. I have a whole report written, but to be honest I think we have all heard the bull case plenty of times. Quick About Me: I am still a small time investor. I have only been in the market for about two years. However, I am a finance major and I am obsessed with the stock market. Take anything I say with a grain of salt. I'm always trying to learn and get better so constructive criticism is welcome. Very Quick Surface Level Lesson When looking towards the future potential of a company you need to arrive at a valuation. Valuations do matter in the long term. Look at what has happened recently with companies trading on speculation and hype. Many stocks like this have lost months of upward movements in a matter of a month (including this stock). One method of valuation is looking at peers. Below is a comparison of Corsair's closest publicly traded peers. I can expand on this further if anyone is interested. ​ Looking at this we can see that CRSR is discounted partially due to its debt and lower profit margins compared to Logitech. Using Price to Sales we can see that Corsair is the 'cheapest' out of these companies. HP we can see we shouldn't touch with a 10ft pole. ​ Another method is to look at the balance sheet, income statement, and cash flows. The most important of these (and most overlooked) is the statement of cash flows. Each of these deserves its own post. If you plan to pick single stocks I would encourage you to become VERY familiar with these documents. I like to view financial statements quickly through yahoo finance (great free resource) or for more in-depth go to the company's investor relations page and download the company's 10-k which is a annual report. Almost anything you need to know about a company will be in its 10-K. It's overwhelming so start small and build your way up. Risk is the name of the game and the only person that can decide what level of risk is right for you is yourself. Don't expect to pick names that are mentioned constantly online and expected to outperform the market consistently. 2020 was easy mode going forward things might start to become more difficult to make consistently high returns. Put in the work, have patience, and conviction and you will be rewarded. If you are interested in the stock market don't ignore risk because it isn't ignoring you. Take the time and learn how to control risk. And for all that good in this world please quit going 'all in.' Always have extra ammo (cash). Build a position over time. If the stock keeps going up and you don't get a full position established... thats ok too. Be thinking ahead and don't let CNBC, the market, or you emotions lead you. There's more, but if you don't already do these things before throwing your money in a stock than this is a great starting point. TD Ameritrade has amazing free educational resources on their think or swim platform. Even if you don't want to invest on the platform its worth making a account just for the courses. and finally we get to.... Bearish Points · Brand loyalty does not guarantee sales. a) Product reviews are most important, gamers prefer to buy their favorite brands, but will switch if another product is perceived as higher quality. b) Corsair products are very highly rated on Amazon. If the quality of the products was to decline it would severely impact hurt brand image. 10% of product sales come from Amazon a) Amazon sales have a 30% seller fee, decreasing margins on products sold. Corsair could benefit from selling more direct to consumer on their website. · High Interest debt could cause future financial problems. a) Corsair has a very high debt to equity ratio. Corsair has lowered its debt with IPO funds and net income showing that decreasing its debt is a priority. · Eagle Tree Capital, a private equity firm maintains a majority ownership in Corsair. a) Eagle Tree may use their majority holding to impact decisions that could hurt future growth, such as prioritizing margins over product quality. PT $45-50 EOY with current financial guidance and numbers. Obviously, this could change if there is new information Full Disclosure: I am bullish on this stock and hold a significant amount of my portfolio in this position.   submitted by   /u/just10m [link]   [comments]
    [visit article]
  41. Thoughts on the Corsair gaming stock? I need info look at the numbers let me know if you feel like it would be a good stock to invest in!!! (14/06/2021 - Reddit Stock Market)
      submitted by   /u/cy910 [link]   [comments]
    [visit article]
  42. CRSR Discussion (15/02/2021 - Reddit Stocks)
    Hello I like this stock, but i'm not here to do a whole DD on this thing. I just wanted to discuss it. I know and you know that the earnings on this thing were beast. But lets be honest, everyone expected that. Betting against that would have been suicide. (Shown by the earnings run up). However, we also know that CRSR had a red week after earnings (apart from friday). Thats got nothing to do with fundamentals and everything to do with profit taking. I have seen many people with 50c and 45c calls expiring 2/19. It is my opinion the 45c have a very strong chance on printing, and I don't see a catalyst to suggest otherwise, the 50c, im not so sure. Come 2/19, what does everyone think the effect of calls expiring will be? If we hit $50, then this thing shoots off. But if we don't, and only hit the $45, what do you think the result will be? Pos 110 shares at 43.75 Not financial advice (obviously)   submitted by   /u/LankeyLad [link]   [comments]
    [visit article]
  43. Corsair Gaming stock becomes latest meme popper, up 14% (14/06/2021 - Seeking Alpha)

    [visit article]
  44. r/stocks top mentions - 2/23 (24/02/2021 - Reddit Stocks)
    Here are the top commented tickers from r/stocks in the past 24 hours. No surprise who continues to lead the way. ICLN has been the clear leader in terms of an easy entry into clean energy investments along with ARKK it's interesting to these ETFs gaining steam with a few other ARK ETFs shortly out of the top listings. Interesting to see Corsair gaming making the top list. GM(E) - 58 TSLA - 41 PLTR - 39 ICLN - 35 ARKK - 30 NIO - 30 BB - 27 SQ - 16 DIS - 16 WKHS - 15 CRSR - 14 *If anyone enjoys this data I can upload the entire data set I'll be integrating sentiment analysis in the coming weeks.   submitted by   /u/DabDude420 [link]   [comments]
    [visit article]
  45. Corsair Gaming stock gains after beat-and-raise quarter (04/05/2021 - Seeking Alpha)

    [visit article]
  46. During these Red Times, here's some entry targets I'm looking for in the case of a bounce (19/07/2021 - Reddit Stocks)
    So I'm sitting 70% cash right now - so if we're not in for a correction then I will be kicking myself. With that said here's some targets I'm looking at for new entries, I have limit buys set on all tickers below: PINS - <$60: We've retraced to this level in May and seen a bounce, I love the company but I sold at $76 when we started to lose steam, high conviction for $100 on this ticker but it could be years away still, looking to take profit around the $75 region again. SPCE ~$15: Meme stock I know, and I think people are starting to see how poor the revenue model actually is for this company, with that said I think the buy wall at $15 is massive and cannot be ignored, with the price bleeding towards that value for the second time in 3 months after breaking ATH, both before and after said $15 crash. I think this one may be a dumb money move. CRSR ~$30: I love this stock already and own many Corsair products. I'd be going all in now if I had the balls but there is a steep cliff edge on this stock, next support may be far away if we can't hold above $29, will be watching this carefully and maybe stopping out below $28 as this is one of the only stocks in my portfolio currently AMD - <$75: Another favourite of mine, again sold around $81, similar principle to PINS but with the recent chip shortage (bullish long-term imo) and market losing steam I'd look for a cheaper price, it's relatively stable which is why the entry is still pretty high for what it is NIO - <$34: Not sure if we'll see this price again due to the unpredictability of China/EV Market/Memes but I see it running again if it hits around these levels - I actually avoided this stock in early May when I thought I saw a head and shoulders forming on the 1-month chart and still chastising myself for that one Ships that have unfortunately sailed for me: NET, NVDA, TSLA, change my mind? These are my thoughts for now, any circuit breakers like COVID-20 or WW3 would obviously make me change my tune but my 2 cents for now, let me know what you guys think!   submitted by   /u/Paraminus [link]   [comments]
    [visit article]
  47. Diversification (08/04/2021 - Reddit Stock Market)
    Hey guys. Following on from my previous post and some advice I took from there I've restructured my portfolio. Any thoughts or tips would be appreciated! AAPL GNUS BB CRSR APHR TSM MSFT PYPL ADA SCHD VTI VOO VXUS (Also from previous post) Apple, Blackberry and TSM are my long term plays (8-10 years+), Corsair and Genius my medium term plays (1-3 years) and Aphria being my short term play with the imminent merger in mind. Total $8k invested. I have thought about adding a commodity like lithium or copper to my portfolio but not sure which yet. Maybe a split on both. I did have a pharma stock in Corbus but after it did well I sold all my positions and reinvested as well. Likewise for AMD: I got in at a nice price and sold recently on its rise. I've been taking bits of profit for myself and reinvesting the rest in AAPL for my long term. Advice is appreciated!   submitted by   /u/senorjacksparrow [link]   [comments]
    [visit article]
  48. Is CRSR a buy? + General Qs (15/06/2021 - Reddit Stocks)
    Hey guys, I'm planning on buying a few stocks for the first time and I'm wondering if CRSR is a buy right now, there's stuff about it on wsb but wsb is biased a lot of the time so I'm wondering if r/stocks has any advice on that. Also does anyone have some ideas for beginner stocks to buy and maybe some decision making tips for a newcomer?   submitted by   /u/PuGGs247 [link]   [comments]
    [visit article]
  49. I created an algo that tracks the most hyped stocks on Reddit. Here are the results for this week - 2/23/2021 (23/02/2021 - Reddit Stock Market)
    I've been running this algo for the past year, and after recent redacted game store events, thought others might be interested in what stocks are talked about on wallstreetbets and across reddit. This algo scans DD and Discussion posts and calculates based on how popular the post is in the subreddit. How to use this This list is great for following popular stocks, learning new trends, catching growing stocks early, and develop strategies around them before they go parabolic. I've listed popular posts from across reddit with their ticker along with how quickly their mentions have grown from last week to this week. Cheers. Most Popular Stock Tickers (from across Reddit) ​ Article Titles Correlated Tickers Avg Hype % Today, Interactive Brokers CEO admits that without the buying restrictions, $GME would have gone up in to the thousands GME 300%+ Blackberry just can’t catch a break BB 300%+ Shorting TSLA! TSLA 300%+ BlackRock, the world's largest money manager, is starting to "dabble" in Bitcoin BLK 300%+ Due Diligence of Bitcoin Mining stock valuations: RIOT and MARA MARA, RIOT 300%+ PSA: CCIV is insanely overvalued, even if you're an EV megabull. CCIV 300%+ ARK buying DraftKings and adding them to 2 of there ETF'S DKNG, ARKF, ARKG, ARKK, ARKW 300%+ I draw with crayons so you don't have to. The grind up continues. Tickers on the watchlist this week: NET, PLTR, FSLY, ARCT NET, ARCT, PLTR, FSLY 300%+ Uber Loses U.K. Top Court Ruling on Drivers’ Employment Status - Bloomberg UBER 298% Taking a look at Corsair Gaming $CRSR (5 min read) CRSR 278% $T - AT&T Short Term Bull Thesis - Insider Trading Galore T 275% I got in Facebook at $18. I'm thinking of selling half of it for ARK funds. FB 189% Michael San Nicolas was the first time I've seen anyone mention (between Reddit, MSM, and the hearing) how Vlad directly benefited from the ... MSM, GME 148% Be careful following Cathie Woods and ARK ETF's blindly! ARKG, ARKW, ARKK, ARKF 100% ARKK Just bought the dip on PLTR ARKK, PLTR 97% Now is the best time to buy cruise ship calls (NCLH) NCLH 74% ​ WallStreetBets - Most Mention Equities This Week ​ Ticker Comments Bullish % PLTR - Palantir Techno... 11,374 86% GME - Gamestop Corpor... 5,284 76% TSLA - Tesla Inc 3,715 76% RIOT - Riot Blockchain... 2,251 71% AAPL - Apple Inc 2,197 83% BB - BlackBerry Ltd 1,725 73% APHA - Aphria Inc 1,479 81% SNDL - Sundial Growers... 1,446 68% TLRY - Tilray Inc - Cl... 1,037 78% AMC - AMC Entertainme... 933 81% AMD - Advanced Micro ... 752 80% NIO - NIO Inc - ADR 707 86% CRSR - Corsair Gaming ... 588 86% SENS - Senseonics Hold... 586 88% AMZN - Amazon.com Inc.... 568 80% MARA - Marathon Patent... 548 90% MVIS - Microvision Inc... 498 88% DIS - Walt Disney Co ... 493 95% PLUG - Plug Power Inc 493 69% ICLN - BlackRock Insti... 445 82% QS - QuantumScape Co... 405 76% UVXY - ProShares Trust... 391 61% GLD - SSgA Active Tru... 353 69% SPCE - Virgin Galactic... 324 85% EBON - Ebang Internati... 318 100% ​   submitted by   /u/quantbase [link]   [comments]
    [visit article]

For more information mailto [email protected]. Disclaimer.