How Will the Market React to Cirrus Logic, Inc. (CRUS) Stock Getting a Bullish Rating

Overall market sentiment has been high on Cirrus Logic, Inc. (CRUS) stock lately. CRUS receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Cirrus Logic, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CRUS!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CRUS Stock Today?

Cirrus Logic, Inc. (CRUS) stock is higher by 9.22% while the S&P 500 is lower by -0.18% as of 12:13 PM on Friday, Feb 3. CRUS is higher by $8.75 from the previous closing price of $94.89 on volume of 1,116,142 shares. Over the past year the S&P 500 has fallen -9.09% while CRUS is higher by 21.47%. CRUS earned $6.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.23.

More About Cirrus Logic, Inc.

Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, Japan, Taiwan, and countries across the world. Click Here to get the full Stock Report for Cirrus Logic, Inc. stock.