Corsair Gaming (NASDAQ:CRSR) delivers shareholders decent 44% return over 1 year, surging 4.7% in the last week alone
Passive investing in index funds can generate returns that roughly match the overall market. But you can significantly boost your returns by picking above-average stocks. To wit, the Corsair Gaming, Inc. (NASDAQ:CRSR) share price is 44% higher than it was a year ago, much better than the market return of around 15% (not including dividends) in the same period. So that should have shareholders smiling. Corsair Gaming hasn't been listed for long, so it's still not clear if it is a long term winner.
Since it's been a strong week for Corsair Gaming shareholders, let's have a look at trend of the longer term fundamentals.
Check out our latest analysis for Corsair Gaming
Because Corsair Gaming made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. When a company doesn't make profits, we'd generally expect to see good revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.
In the last year Corsair Gaming saw its revenue shrink by 23%. Despite the lack of revenue growth, the stock has returned a solid 44% the last twelve months. We can correlate the share price rise with revenue or profit growth, but it seems the market had previously expected weaker results, and sentiment around the stock is improving.
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
Take a more thorough look at Corsair Gaming's financial health with this free report on its balance sheet.
A Different Perspective
It's nice to see that Corsair Gaming shareholders have gained 44% over the last year. That's better than the more recent three month gain of 3.3%, implying that share price has plateaued recently. It seems likely the market is waiting on fundamental developments with the business before pushing the share price higher (or lower). I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 1 warning sign for Corsair Gaming that you should be aware of before investing here.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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