CRCT Stock: Cricut, Inc. Stock Price, Analysis & Insights
Get live crct stock price $5.24, comprehensive Cricut, Inc. stock analysis, charts, news, and expert forecast. Real-time crct stock data and investment insights.
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Company Overview
Cricut, Inc. designs and markets 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, Cricut Explore, and Cricut Maker to cut, write, score, and create decorative effects using various materials, such as paper, vinyl, leather, and others; and design apps comprise Design Space app and Cricut Joy-specific app. 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. 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.
Company Information
- CEO
- Ashish Arora
- Sector
- Technology
- Industry
- Computer Hardware
- Employees
- 640
Contact Information
- Website
- https://cricut.com
- Address
- 10855 South River Front Parkway
- Country
- US
Investment Analysis & Business Insights
Investment Highlights
✓ Strong presence in the Technology sector with established market position
✓ Valuation metrics suggest potential value opportunity (P/E: 14.2)
✓ Lower volatility stock (Beta: 0.09) may provide portfolio stability
Business Model & Strategy
Cricut, Inc. operates in the Computer Hardware industry, focusing on technology development, software services, and digital solutions. Under the leadership of CEO Ashish Arora, the company navigates Technology sector dynamics while pursuing growth opportunities. The Computer Hardware model requires continuous innovation, talent acquisition, and competitive differentiation to maintain competitiveness and drive shareholder value.
Market Position & Competitive Landscape
Cricut, Inc. competes in the Computer Hardware within the broader Technology. With 1.1 billion in market capitalization, the company is positioned as a emerging competitor in its sector. The Technology is characterized by rapid innovation cycles, platform competition, and disruptive trends. As a publicly traded company on the NASDAQ Global Select, Cricut, Inc. provides investors with liquidity and transparency while subject to regulatory oversight. Investors evaluating Cricut, Inc. should consider industry-specific trends, competitive positioning, and Technology sector fundamentals.
Important Investment Considerations
- ⚠All investments carry risk, including potential loss of principal for Cricut, Inc. shareholders
- ⚠Market volatility can significantly impact stock price, especially for smaller companies
- ⚠Sector-specific risks in Technology may affect company performance
- ⚠Past performance does not guarantee future results for Cricut, Inc.
- ⚠Investors should consider how Cricut, Inc. fits within their overall portfolio allocation
- ⚠Valuation metrics suggest potential, but require fundamental analysis
Market Cap
1.11B
P/E Ratio
14.15
Beta
0.09
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Technology leader with 1.11B market capitalization
- Trading Volume: 25.38K shares traded today
- Price Range: 52-week range of $3.94 - $7.33
- Exchange: Listed on NASDAQ Global Select
Financial Metrics
Market Analysis for Cricut, Inc.
Cricut, Inc. (CRCT) operates in the Computer Hardware industry within the Technology sector. With a current market capitalization of 1.11B, the company represents a significant player in its market. The stock is currently trading at $5.24 with a positivedaily change of 0.67%.
The company's 640 employee base and presence on the NASDAQ Global Selectexchange position it as a Technology sector leader. Investors should consider the stock's P/E ratio of 14.15, beta of 0.09, and 52-week price range from $3.94 to $7.33when evaluating investment opportunities.
Why Invest in Cricut, Inc.?
Strengths
- • Established market presence in Technology
- • Strong financial metrics and market position
- • Listed on major exchange (NASDAQ Global Select)
- • Experienced leadership under Ashish Arora
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
Related Technology Stocks
About Technology Sector
The Technology sector includes companies that develop and provide technology products and services, including software, hardware, and digital solutions.