Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate CSP Inc before investing.

In this article, we go over a few key elements for understanding CSP Inc’s stock price such as:

• CSP Inc’s current stock price and volume
• Why CSP Inc’s stock price changed recently
• Upgrades and downgrades for CSPI from analysts
• CSPI’s stock price momentum as measured by its relative strength

About CSP Inc (CSPI)

Before we jump into CSP Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

CSP Inc. develops and markets information technology (IT) integration solutions, advanced security products, managed information technology services, cloud services, purpose built network adapters, and cluster computer systems. The Company operates through two segments: Technology Solutions (TS) and High Performance Products (HPP). TS focuses on value added reseller (VAR) integrated solutions including third party hardware, software and technical computer related consulting and managed services. TS segment consists of Modcomp, Inc. subsidiary, operates in the United States and the United Kingdom. HPP segment designs, manufactures and delivers products and services to customers that require cyber security services, networking and signal processing products. HPP segment also provides Myricom network adapters for high-performance packet capture and application offloading.

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CSP Inc’s Stock Price as of Market Close

As of March 20, 2024, 4:00 PM, CST, CSP Inc’s stock price was $43.22.

CSP Inc is up 5.29% from its previous closing price of $41.05.

During the last market session, CSP Inc’s stock traded between $40.34 and $46.38. Currently, there are 4.43 million shares of CSP Inc stock available for purchase.

CSP Inc’s price-earnings (P/E) ratio is currently at 47.7, which is high compared to the IT Services & Consulting industry median of 27.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

CSP Inc Stock Price History

CSP Inc’s (CSPI) price is currently down 11.25% so far this month.

During the month of March, CSP Inc’s stock price has reached a high of $58.44 and a low of $34.31.

Over the last year, CSP Inc has hit prices as high as $59.85 and as low as $9.82. Year to date, CSP Inc’s stock is up 358.32%.

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What Caused CSP Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 19, 2024, there were analysts who downgraded CSP Inc’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate CSP Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on CSP Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

CSP Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about CSP Inc (CSPI) by visiting AAII Stock Evaluator.

Relative Price Strength of CSP Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 19, 2024, CSP Inc has a weighted four-quarter relative price strength of 46.10%, which translates to a Momentum Score of 97 and is considered to be Very Strong.

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CSP Inc Stock Price: Bottom Line

As of March 20, 2024, CSP Inc’s stock price is $43.22, which is up 5.29% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like CSP Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.