CRSR Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: Corsair's recent product expansion and recovery in the gaming sector could drive stock price upward, supported by historical mean reversion trends, indicating potential rebounds toward prior highs around $16.




Bearish Case: Persistent price underperformance and high implied volatility suggest ongoing market skepticism. Negative earnings revisions could pressure CRSR price, potentially revisiting lows around $6.




Potential Outcomes:

1. Price rebound to $16 due to positive earnings (30%);

2. Stagnation around $7.84 amidst market uncertainty (50%);

3. Decline to $6-7 due to earnings miss (20%).




Trading Oracle: Given high implied volatility and weak sentiment, a short call spread strategy seems prudent. Implement a $10/$12.50 call spread, targeting decay as the stock remains under pressure. High potential reward with defined risk.



December 04, 2024


Corsair Gaming Forecast

CRSR        Corsair Gaming











Correlated Assets

Assets that tend to move strongly with CRSR



ABCL Forecast + Options Trading Strategies   ABCL  AbCellera Biologics (0.94)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (0.93)


DDD Forecast + Options Trading Strategies   DDD  3D Systems (0.93)


BEN Forecast + Options Trading Strategies   BEN  Franklin Resources (0.93)


WW Forecast + Options Trading Strategies   WW  WW International (0.93)



Uncorrelated Assets

Assets with little price relationship to CRSR



AKBA Forecast + Options Trading Strategies   AKBA  Akebia Therapeutics (-0.0)


INTU Forecast + Options Trading Strategies   INTU  Intuit (-0.0)


BMY Forecast + Options Trading Strategies   BMY  Bristol-Myers Squibb (-0.0)


IOVA Forecast + Options Trading Strategies   IOVA  Iovance Biotherapeutics (-0.01)


ZM Forecast + Options Trading Strategies   ZM  Zoom Video Communications (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against CRSR



GLD Forecast + Options Trading Strategies   GLD  SPDR Gold Shares (-0.9)


GDDY Forecast + Options Trading Strategies   GDDY  Godaddy (-0.9)


RTX Forecast + Options Trading Strategies   RTX  Raytheon (-0.9)


PGR Forecast + Options Trading Strategies   PGR  Progressive (-0.9)


IDR Forecast + Options Trading Strategies   IDR  Idaho Strategic Resources (-0.91)









Become a more profitable investor with AI optimized trading strategies






×

Chat with CRSR


 Ask any question about CRSR!