Long Position on CRSR @ $24.50 on 10/27/2020 (Fundamentals)

Corsair Gaming, Inc. (CRSR), together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific.

The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, studio accessories, and others.

It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for content creators.

The company sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its websites.

This recent IPO should see an increase in share prices as its sales increased by 58% and profit exploded to 35 cents a share in Q2 from 1 cent last year.

Entry Point: $24.50

Trading Range: $14.09 to $26.43

Stop Loss: $22.80

Target Price: $26.90

Updates

11/5/2020 9:49:07 AM

CRSR closed at $28.26

Position closed on 11/5/2020 at price of $28.26 with a 15.35% gain in 9 days.

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