The Clorox Company (NYSE: CLX) has a price-to-earnings ratio of 44.53x that is above its average ratio. Additionally, the 36-month beta value for CLX is 0.29.
The public float for CLX is 122.88M and currently, short sellers hold a 4.91% ratio of that float. The average trading volume of CLX on March 16, 2023 was 1.17M shares.
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CLX) stock’s latest price update
The Clorox Company (NYSE: CLX)’s stock price has increased by 1.66 compared to its previous closing price of 153.79. Nevertheless, the company has seen a 3.39% surge in its stock price over the last five trading sessions. The Wall Street Journal reported on 10/26/22 that Clorox Recalls 37 Million Pine-Sol Products for Possible Bacteria
CLX’s Market Performance
CLX’s stock has risen by 3.39% in the past week, with a monthly rise of 2.26% and a quarterly rise of 4.25%. The volatility ratio for the week is 2.12% while the volatility levels for the last 30 days are 1.67% for The Clorox Company The simple moving average for the last 20 days is 1.98% for CLX stock, with a simple moving average of 8.97% for the last 200 days.
Analysts’ Opinion of CLX
Many brokerage firms have already submitted their reports for CLX stocks, with Citigroup repeating the rating for CLX by listing it as a “Neutral.” The predicted price for CLX in the upcoming period, according to Citigroup is $155 based on the research report published on February 17th of the current year 2023.
Morgan Stanley gave a rating of “Equal-Weight” to CLX, setting the target price at $130 in the report published on October 17th of the previous year.
CLX Trading at 5.49% from the 50-Day Moving Average
After a stumble in the market that brought CLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.65% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +2.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.41% upper at present.
During the last 5 trading sessions, CLX rose by +3.39%, which changed the moving average for the period of 200-days by +6.79% in comparison to the 20-day moving average, which settled at $153.49. In addition, The Clorox Company saw 11.41% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLX starting from MACKAY A D DAVID, who sale 1,000 shares at the price of $140.63 back on Jun 02. After this action, MACKAY A D DAVID now owns 600 shares of The Clorox Company, valued at $140,630 using the latest closing price.
Reynolds Eric H, the EVP – Chief Operating Officer of The Clorox Company, sale 585 shares at $154.83 during a trade that took place back on May 09, which means that Reynolds Eric H is holding 17,289 shares at $90,576 based on the most recent closing price.
Stock Fundamentals for CLX
Equity return is now at value 108.50, with 7.10 for asset returns.
Conclusion
In conclusion, The Clorox Company (CLX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
