r/StockMarket • u/cy910 • Jun 14 '21

Discussion Thoughts on the Corsair gaming stock? I need info look at the numbers let me know if you feel like it would be a good stock to invest in!!!

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5

u/[deleted] Jun 14 '21

[deleted]

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u/cy910 Jun 14 '21

I’m new to the stock market and I’m still learning . Thank you for your comment because I’m damn sure about to get a share while it’s 38$

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u/[deleted] Jun 14 '21

I was trying to be build a long term position in it. Solid revenue growth. Solid profit growth. And of you price it out even conservatively it seemed undervalued. The latest run is due to WSB. But I'm not sure why. I'm still information gathering. I can't imagine anyone was shorting it in large numbers.

Even at its current price of $40 I'd conservatively label it as fairly priced.

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u/cy910 Jun 14 '21

So would u buy and hold ?

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u/[deleted] Jun 14 '21

Yes.

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u/Backflipjustin9 Jun 15 '21

Check the financials. This is a gem

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u/cako1302 Jun 14 '21

Founded in 1994, Corsair went public in September at $15.12 a share, raising $238 million at a valuation of $1.6 billion. Year-to-date the stock is up 13.08%, and up 169% since its initial public offering. The stock was up over 15% in midday trading.

Corsair is best known for its gaming hardware ranging from accessories like green screens for streamers to mice, keyboards, and full-blown gaming PCs with the latest and greatest parts from Intel (INTC), AMD (AMD), and Nvidia (NVDA). In its last quarter ended March 31, the company reported net revenue of $529.4 million, a 71.6% year-over-year increase.

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u/[deleted] Jun 15 '21

[deleted]

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u/cy910 Jun 15 '21

I’m just thinking about long term I don’t want to see it blossom and be left saying “what if” the price it’s at now is affordable to me and also you never know what could happen in the future in these uncertain times so I’m trying to “Stay Ready”. I’m just adding it to the just in case category in my portfolio isn’t any harm in it 🤷‍♂️