CRCT - Cricut, Inc. Stock Price, Fair Value and News

7.01USD-0.05 (-0.71%)Delayed as of 17 May 2024, 01:00 pm ET

Market Summary

USD7.01-0.05

Delayedas of 17 May 2024, 01:00 pm

-0.71%

CRCT Alerts

Big jump in Earnings (Y/Y)

CRCT Stock Price

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CRCT RSI Chart

CRCT Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

23.84

Price/Sales (Trailing)

2.04

EV/EBITDA

10.7

Price/Free Cashflow

6.13

CRCT Price/Sales (Trailing)

CRCT Profitability

Operating Margin

47.68%

EBT Margin

12.68%

Return on Equity

11.62%

Return on Assets

8.87%

Free Cashflow Yield

16.32%

CRCT Fundamentals

CRCT Revenue

Revenue (TTM)

751.3M

Rev. Growth (Yr)

-7.63%

Rev. Growth (Qtr)

-27.61%

CRCT Earnings

Earnings (TTM)

64.2M

Earnings Growth (Yr)

115.92%

Earnings Growth (Qtr)

74.05%

Breaking Down CRCT Revenue

52 Week Range

6.9317.89

(Low)(High)

Last 7 days

-10.4%

Last 30 days

41.1%

Last 90 days

33.1%

Trailing 12 Months

-4.1%

How does CRCT drawdown profile look like?

CRCT Financial Health

Current Ratio

3.9

CRCT Investor Care

Buy Backs (1Y)

1.16%

Diluted EPS (TTM)

0.29

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	751.3M	0	0	0
2023	822.7M	816.7M	814.7M	765.1M
2022	1.2B	1.1B	993.4M	886.3M
2021	1.1B	1.2B	1.3B	1.3B
2020	604.7M	722.8M	840.9M	959.0M
2019	0	0	0	486.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Cricut, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	petrus trust company, lta	acquired	-	-	683,265	-
Mar 22, 2024	petrus trust company, lta	sold	-	-	-683,265	-
Mar 07, 2024	abdiel capital management, llc	sold	-848,241	4.45	-190,616	-
Mar 07, 2024	abdiel capital management, llc	sold	-22,621,000	4.45	-5,083,360	-
Feb 21, 2024	abdiel capital management, llc	sold	-175,740	4.83	-36,385	-
Feb 21, 2024	abdiel capital management, llc	sold	-4,654,260	4.83	-963,615	-
Feb 20, 2024	ashish arora	sold (taxes)	-564,986	5.23	-108,028	chief executive officer
Feb 20, 2024	harmer ryan	sold (taxes)	-24,152	5.23	-4,618	principal accounting officer
Feb 20, 2024	olsen donald b.	sold (taxes)	-48,597	5.23	-9,292	evp, general counsel & sec.
Feb 20, 2024	shill kimball c	sold (taxes)	-93,946	5.23	-17,963	chief financial officer

Which funds bought or sold CRCT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-46.00	-223,503	142,928	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-96.65	-120,102	2,980	-%
May 15, 2024	Lombard Odier Asset Management (USA) Corp	new	-	88,898	88,898	-%
May 15, 2024	QUADRANT CAPITAL GROUP LLC	sold off	-100	-290	-	-%
May 15, 2024	Squarepoint Ops LLC	reduced	-80.75	-1,096,930	177,181	-%
May 15, 2024	Engineers Gate Manager LP	added	43.12	14,104	432,127	0.01%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	reduced	-19.5	-1,270,140	1,764,630	-%
May 15, 2024	SHERBROOKE PARK ADVISERS LLC	new	-	128,606	128,606	0.03%
May 15, 2024	MORGAN STANLEY	added	21.2	-1,744,940	12,265,200	-%
May 15, 2024	OCCUDO QUANTITATIVE STRATEGIES LP	sold off	-100	-98,395	-	-%

Are Funds Buying or Selling CRCT?

Are funds buying CRCT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CRCT

No. of Funds

CRCT Alerts

Big jump in Earnings (Y/Y)

Unveiling Cricut, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 11, 2024	abdiel qualified master fund lp	-	0	SC 13G/A
Feb 13, 2024	ashish arora	37.58%	30,698,039	SC 13G/A
Feb 13, 2024	petrus trust company, lta	70.92%	125,614,741	SC 13G/A
Feb 13, 2024	vanguard group inc	6.29%	3,298,710	SC 13G/A
Feb 08, 2024	morgan stanley	3.7%	1,956,436	SC 13G/A
Jan 29, 2024	blackrock inc.	6.4%	3,339,899	SC 13G
Jan 16, 2024	abdiel qualified master fund lp	11.5%	0	SC 13G/A
Dec 19, 2023	abdiel qualified master fund lp	17.3%	0	SC 13G
Dec 05, 2023	abdiel qualified master fund lp	20.4%	10,704,678	SC 13D/A
Nov 24, 2023	abdiel qualified master fund lp	23.2%	12,152,773	SC 13D/A

Recent SEC filings of Cricut, Inc.

View All Filings

Date Filed	Form Type	Document
May 14, 2024	4	Insider Trading
May 13, 2024	144	Notice of Insider Sale Intent
May 13, 2024	4	Insider Trading
May 10, 2024	144	Notice of Insider Sale Intent
May 10, 2024	144	Notice of Insider Sale Intent
May 08, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
Apr 03, 2024	ARS	ARS
Apr 03, 2024	DEF 14A	DEF 14A
Apr 03, 2024	DEFA14A	DEFA14A

Peers (Alternatives to Cricut, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSCO	195.7B	57.2B	0.86%	1.47%	14.56	3.42	7.66%	18.93%
ANET	100.3B	6.1B	21.87%	135.75%	43.85	16.5	25.22%	50.89%
HPQ	30.4B	53.1B	11.80%	2.64%	8.91	0.57	-11.04%	34.01%
HPE	23.2B	29.1B	4.32%	24.95%	11.48	0.8	2.24%	133.29%
LOGI	13.7B	4.3B	11.98%	40.47%	22.37	3.19	-5.30%	67.91%
JNPR	11.3B	5.3B	-4.78%	20.74%	50.33	2.11	-2.96%	-55.26%
MID-CAP
UI	8.6B	1.9B	32.84%	-16.86%	24.55	4.49	1.03%	-11.76%
BDC	3.8B	2.4B	10.65%	9.71%	21.17	1.58	-8.79%	-36.23%
LITE	3.2B	1.4B	8.15%	1.61%	-8.93	2.23	-21.81%	-865.12%
SMALL-CAP
EXTR	1.6B	1.2B	7.46%	-32.66%	-245.78	1.27	-0.19%	-110.91%
AAOI	436.9M	205.3M	-6.51%	544.25%	-6.94	2.13	-8.19%	5.55%
ADTN	424.9M	1.1B	16.20%	-38.16%	-0.77	0.4	-12.01%	-1246.95%
ALOT	136.4M	148.1M	5.19%	15.47%	29.07	0.92	3.90%	76.40%
AIRG	57.8M	53.8M	-1.46%	-1.28%	-4.8	1.07	-28.06%	-33.67%
AKTS	39.5M	29.9M	-20.00%	-87.30%	-0.51	1.32	39.86%	-24.01%

Cricut, Inc. News

Latest updates

Cricut, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																		(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	-27.6%	167	231	175	178	181	281	177	184	245	388	260	334	324	371	209	235	144	-
Cost Of Revenue	-43.5%	76.00	134	93.00	90.00	105	197	95.00	98.00	146	283	158	204	204	246	119	162	99.00	-
Gross Profit	-5.6%	92.00	97.00	82.00	88.00	77.00	84.00	82.00	85.00	99.00	105	102	130	120	125	90.00	73.00	45.00	-
Operating Expenses	-17.5%	66.00	81.00	58.00	68.00	66.00	73.00	64.00	65.00	68.00	79.00	64.00	66.00	56.00	45.00	32.00	28.00	27.00	-
S&GA Expenses	-7.7%	33.00	36.00	28.00	29.00	30.00	37.00	29.00	32.00	33.00	43.00	30.00	33.00	27.00	24.00	14.00	13.00	12.00	-
R&D Expenses	-0.9%	15.00	15.00	16.00	16.00	18.00	18.00	19.00	20.00	21.00	23.00	21.00	21.00	16.00	11.00	10.00	9.00	9.00	-
EBITDA Margin	16.7%	0.17*	0.14*	0.13*	0.12*	0.11*	0.12*	0.12*	0.13*	0.15*	0.16*	0.20*	0.23*	0.23*	0.22*	0.07*	0.09*	0.10*	0.13*
Interest Expenses	-100.0%	-	0.00	-	-	-	0.00	-	-	-	0.00	-	0.00	0.00	0.00	0.00	1.00	1.00	-
Income Taxes	20.6%	9.00	7.00	8.00	7.00	4.00	2.00	5.00	7.00	8.00	14.00	8.00	15.00	15.00	18.00	12.00	11.00	4.00	-
Earnings Before Taxes	52.9%	28.00	19.00	26.00	23.00	13.00	13.00	18.00	20.00	31.00	26.00	38.00	64.00	65.00	80.00	57.00	45.00	17.00	-
EBT Margin	21.6%	0.13*	0.10*	0.09*	0.08*	0.08*	0.09*	0.10*	0.11*	0.13*	0.15*	0.19*	0.21*	0.22*	0.21*	0.06*	0.07*	0.08*	0.10*
Net Income	74.1%	20.00	11.00	17.00	16.00	9.00	11.00	12.00	14.00	24.00	12.00	30.00	49.00	49.00	61.00	45.00	35.00	13.00	-
Net Income Margin	21.9%	0.09*	0.07*	0.07*	0.06*	0.06*	0.07*	0.06*	0.07*	0.09*	0.11*	0.15*	0.17*	0.17*	0.16*	0.05*	0.05*	0.06*	0.08*
Free Cashflow	-38.4%	57.00	92.00	36.00	64.00	95.00	117	-12.38	-2.57	16.00	27.00	-77.80	-32.03	-21.96	61.00	72.00	109	6.00	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet														(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Assets	-3.5%	724	750	719	898	846	950	920	947	966	1,006	981	974	840	581
Current Assets	-3.9%	596	620	586	763	707	811	803	825	880	928	922	925	796	539
Cash Equivalents	25.9%	179	142	73.00	286	232	225	124	148	246	242	224	314	337	122
Inventory	-7.6%	256	278	-	-	-	-	-	-	483	454	525	427	302	249
Net PPE	-6.3%	45.00	48.00	58.00	58.00	61.00	63.00	63.00	63.00	60.00	53.00	53.00	43.00	37.00	33.00
Liabilities	-20.5%	171	215	193	416	152	277	177	218	260	332	327	361	302	352
Current Liabilities	-22.1%	153	196	174	395	130	254	154	193	233	308	319	353	295	347
Shareholder's Equity	3.3%	553	535	526	482	694	673	743	728	707	674	653	614	538	229
Retained Earnings	68.9%	48.00	29.00	17.00	-	9.00	-	6.00	-6.23	-20.06	-43.56	-55.48	-85.49	-134	-184
Additional Paid-In Capital	-0.3%	504	506	509	483	685	673	737	735	727	717	708	699	673	413
Shares Outstanding	-0.6%	217	218	220	220	219	220	214	214	212	209	208	208	207	208
Float	-	-	-	-	592	-	-	-	373	-	-	-	2,360	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Cashflow From Operations	-38.4%	56,688	92,071	36,414	64,443	95,169	117,053	-12,376	-2,573	15,579	26,844	-77,798	-32,032	-21,963	60,824	72,135	108,831	6,437	-
Share Based Compensation	-14.2%	10,757	12,537	12,482	11,886	10,421	10,491	11,270	10,402	8,958	10,133	8,146	8,110	11,685	4,523	2,187	1,328	1,446	-
Cashflow From Investing	-7.1%	-5,119	-4,780	-31,173	-5,084	-7,741	-6,858	558	-91,762	-9,807	-7,447	-12,215	-8,285	-7,839	-4,959	-4,614	-4,516	-7,753	-
Cashflow From Financing	18.0%	-14,642	-17,861	-218,715	-5,531	-80,078	-9,593	-11,623	-3,389	-1,642	-1,746	-23.00	16,915	245,098	-1,288	-73,159	-73,178	36,710	-
Dividend Payments	-100.0%	-	310	218,012	277	75,531	-	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-31.6%	10,795	15,774	348	967	3,244	8,610	9,970	-	-	-	-10.00	-150	160	-3,038	676	1,630	732	-

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CRCT Income Statement

2024-03-31

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 167,392	$ 181,227
Cost of revenue:
Total cost of revenue	75,798	104,561
Gross profit	91,594	76,666
Operating expenses:
Research and development	14,853	17,801
Sales and marketing	33,030	29,616
General and administrative	18,506	18,720
Total operating expenses	66,389	66,137
Income from operations	25,205	10,529
Other income (expense):
Interest income	2,418	1,753
Interest expense	(81)	(79)
Other income	748	641
Total other income, net	3,085	2,315
Income before provision for income taxes	28,290	12,844
Provision for income taxes	8,643	3,745
Net income	19,647	9,099
Other comprehensive income (loss):
Change in net unrealized gains (losses) on marketable securities, net of tax	(288)	188
Change in foreign currency translation adjustment, net of tax	(88)	18
Comprehensive income	$ 19,271	$ 9,305
Earnings per share, basic (in dollars per share)	$ 0.09	$ 0.04
Earnings per share, diluted (in dollars per share)	$ 0.09	$ 0.04
Weighted-average common shares outstanding, basic (in shares)	215,549,467	215,587,699
Weighted-average common shares outstanding, diluted (in shares)	216,865,052	218,749,255
Platform
Revenue:
Total revenue	$ 78,286	$ 76,241
Cost of revenue:
Total cost of revenue	8,759	7,761
Products
Revenue:
Total revenue	89,106	104,986
Cost of revenue:
Total cost of revenue	$ 67,039	$ 96,800

CRCT Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 178,992	$ 142,187
Marketable securities	102,703	102,952
Accounts receivable, net	77,597	111,247
Inventories	225,367	244,469
Prepaid expenses and other current assets	11,198	19,114
Total current assets	595,857	619,969
Property and equipment, net	44,616	47,614
Operating lease right-of-use asset	11,076	12,353
Deferred tax assets	39,058	34,823
Other assets	33,104	35,363
Total assets	723,711	750,122
Current liabilities:
Accounts payable	45,206	76,860
Accrued expenses and other current liabilities	58,071	71,933
Deferred revenue, current portion	43,912	40,304
Operating lease liabilities, current portion	4,955	5,230
Dividends payable, current portion	809	2,137
Total current liabilities	152,953	196,464
Operating lease liabilities, net of current portion	7,792	8,938
Deferred revenue, net of current portion	2,721	2,931
Other non-current liabilities	7,673	6,916
Total liabilities	171,139	215,249
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding as of March 31, 2024 and December 31, 2023.	0	0
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of March 31, 2024, 216,702,784 shares issued and outstanding as of March 31, 2024; 1,250,000,000 shares authorized as of December 31, 2023, 217,915,713 shares issued and outstanding as of December 31, 2023.	217	218
Additional paid-in capital	504,293	505,864
Retained earnings	48,161	28,514
Accumulated other comprehensive income (loss)	(99)	277
Total stockholders’ equity	552,572	534,873
Total liabilities and stockholders’ equity	$ 723,711	$ 750,122

About Cricut, Inc.

Cricut, Inc. engages in the design and marketing of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates in three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations. Its connected machines include Cricut Joy for personalization, organization, and customization; Cricut Explore family for cutting, writing, and scoring; and Cricut Maker family for cutting, writing, scoring, and adding decorative effects to various materials, such as paper, vinyl, pens, leather, and others. The company also provides Cricut Access and Cricut Access Premium subscription offerings, and in-app purchases; and a software that integrates its connected machines and design apps comprising Cricut Joy App, Design Space, and other apps. In addition, it offers a range of accessories and materials, such as Cricut EasyPress, Cricut Mug Press, various hand tools, machine replacement tools and blades, and project materials. The company offers its products through its third-party brick-and-mortar and online retail partners; and its website cricut.com, as well as through a network of distributors. It operates in the United States, the United Kingdom, Ireland, Australia, New Zealand, and Western Europe, as well as the Middle East, Latin America, South Africa, and Asia. The company was formerly known as Provo Craft & Novelty, Inc. and changed its name to Cricut, Inc. in March 2018. The company was incorporated in 1969 and is headquartered in South Jordan, Utah.

CEO	Mr. Ashish Arora
WEBSITE	https://cricut.com
INDUSTRY	Computer Hardware
EMPLOYEES	680

Cricut, Inc. Frequently Asked Questions

What is the ticker symbol for Cricut, Inc.? What does CRCT stand for in stocks?

CRCT is the stock ticker symbol of Cricut, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cricut, Inc. (CRCT)?

As of Thu May 16 2024, market cap of Cricut, Inc. is 1.53 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CRCT stock?

You can check CRCT's fair value in chart for subscribers.

What is the fair value of CRCT stock?

You can check CRCT's fair value in chart for subscribers. The fair value of Cricut, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cricut, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CRCT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cricut, Inc. a good stock to buy?

The fair value guage provides a quick view whether CRCT is over valued or under valued. Whether Cricut, Inc. is cheap or expensive depends on the assumptions which impact Cricut, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CRCT.

What is Cricut, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, CRCT's PE ratio (Price to Earnings) is 23.84 and Price to Sales (PS) ratio is 2.04. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CRCT PE ratio will change depending on the future growth rate expectations of investors.