Crocs Inc (NASDAQ: CROX) has seen a decline in its stock price by -4.51 in relation to its previous close of 132.73. However, the company has experienced a -10.53% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-08 that Crocs stock has been rocketing higher in recent months. Even so, it still has a ways to go to get back up to its all-time high.
Is It Worth Investing in Crocs Inc (NASDAQ: CROX) Right Now?
The price-to-earnings ratio for Crocs Inc (NASDAQ: CROX) is 9.89x, which is above its average ratio. Moreover, the 36-month beta value for CROX is 2.02. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for CROX is 58.26M and currently, short sellers hold a 9.45% of that float. On April 09, 2024, CROX’s average trading volume was 1.34M shares.
CROX’s Market Performance
CROX stock saw an increase of -10.53% in the past week, with a monthly gain of 1.37% and a quarterly increase of 21.84%. The volatility ratio for the week is 3.12%, and the volatility levels for the last 30 days are 2.85% for Crocs Inc (CROX). The simple moving average for the last 20 days is -6.65% for CROX stock, with a simple moving average of 21.75% for the last 200 days.
Analysts’ Opinion of CROX
Many brokerage firms have already submitted their reports for CROX stocks, with Barclays repeating the rating for CROX by listing it as a “Overweight.” The predicted price for CROX in the upcoming period, according to Barclays is $167 based on the research report published on April 01, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see CROX reach a price target of $130. The rating they have provided for CROX stocks is “Overweight” according to the report published on February 07th, 2024.
BofA Securities gave a rating of “Buy” to CROX, setting the target price at $128 in the report published on December 12th of the previous year.
CROX Trading at 3.99% from the 50-Day Moving Average
After a stumble in the market that brought CROX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.24% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares sank -0.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.09% upper at present.
During the last 5 trading sessions, CROX fell by -11.27%, which changed the moving average for the period of 200-days by +17.41% in comparison to the 20-day moving average, which settled at $135.73. In addition, Crocs Inc saw 35.69% 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 CROX starting from REPLOGLE JOHN B, who purchase 1,972 shares at the price of $126.75 back on Mar 14 ’24. After this action, REPLOGLE JOHN B now owns 3,153 shares of Crocs Inc, valued at $249,949 using the latest closing price.
Poole Michelle, the President of Crocs Inc, sale 5,074 shares at $124.98 during a trade that took place back on Mar 12 ’24, which means that Poole Michelle is holding 52,966 shares at $634,144 based on the most recent closing price.
Stock Fundamentals for CROX
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.56 for the gross margin
The net margin for Crocs Inc stands at 0.2. The total capital return value is set at 0.27. Equity return is now at value 69.77, with 17.33 for asset returns.
Based on Crocs Inc (CROX), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 1.19. The interest coverage ratio of the stock is 6.48.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 1.68. When we switch over and look at the enterprise to sales, we see a ratio of 2.42. The receivables turnover for the company is 11.96for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
To wrap up, the performance of Crocs Inc (CROX) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
