Cricut: Facing Strong Macro Headwinds

Sep. 16, 2022 5:44 AM ETCricut, Inc. (CRCT)1 Comment
Felix Fung profile picture
Felix Fung


  • Cricut is down over 80% from its all-time high last year.
  • Investors are worried about whether the DIY machinery company can continue to perform as the pandemic wanes and lockdowns eases.
  • The recent earnings are very disappointing as macro headwinds continue to weigh on the company significantly.
  • I rate the company as a sell.

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DjordjeDjurdjevic/E+ via Getty Images

Investment Thesis

Cricut (NASDAQ:CRCT) went IPO in early 2021 and its share price skyrocketed by over 130% in a little over three months. However, as the pandemic waned and the lockdown eased, investors started to worry about whether the

Data by YCharts





This article was written by

Felix Fung profile picture
I am a student studying sociology and economics at the University of New South Wales. I just started writing and I appreciate any type of feedbacks and comments.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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