Cricut stock reaches 52-week high at 7.03 USD

Cricut Inc. (NASDAQ:CRCT) stock has reached a new 52-week high, hitting 7.03 USD. This milestone reflects a significant positive momentum for the company, which has seen its stock rise by 36.36% over the past year. The company, with a market capitalization of $1.43 billion, maintains strong financial health with a current ratio of 3.28, indicating robust liquidity. The increase in Cricut’s stock price highlights investor confidence in the company’s growth prospects and market performance. This achievement marks a notable recovery and growth trajectory for Cricut, positioning it as a strong performer in its sector, with a remarkable YTD return of 20.81%. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with 10+ additional exclusive insights available to subscribers.

In other recent news, Cricut Inc. reported its first-quarter 2025 earnings, surpassing Wall Street expectations with an earnings per share of $0.11, compared to the forecasted $0.09. The company also exceeded revenue projections, posting $162.6 million against an expected $161.96 million. Despite these positive results, Cricut anticipates a decline in revenue for the first half of 2025, especially in the accessories and materials segments, due to unfavorable competitive dynamics. The company’s profitability in the first quarter was bolstered by one-time items, and management has withdrawn the previous full-year 2025 operating margin guidance due to uncertainties related to tariffs. In response to these developments, Goldman Sachs adjusted its price target for Cricut, reducing it to $5.00 from $5.25, while maintaining a Neutral rating. Cricut’s management remains committed to maintaining positive operating income throughout each quarter of the year. The company has also announced shareholder return initiatives, including the repurchase of 2.1 million shares and the approval of a special dividend of $0.75 per share. These dividends, along with the ongoing semi-annual dividend of $0.10 per share, are set to be distributed in the third quarter.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.