Cricut Fails To Impress The Market And Shares Go On Sale
Analysts Cut Their Ratings On CricutCricut (NASDAQ:CRCT) is an exciting growth story with plenty of pandemic tailwinds behind it. The company makes a line of IoT-connected crafting machines that is complimented by a robust subscription service and materials business as well. The problem with share prices, however, lay in the fact that growth is slowing, coming in below estimates, and margins are tightening. The long-term outlook is intact, say the analysts, but the near-term headwinds are here for the foreseeable future and they might be growing. The company’s sales of machines fell on a YOY b...