The price-to-earnings ratio for Crocs Inc (NASDAQ: CROX) is above average at 9.42x, Company’s 36-month beta value is 2.04.Analysts have differing 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 8.72% ratio of that floaft. The average trading volume of CROX on April 17, 2024 was 1.27M shares.
CROX) stock’s latest price update
Crocs Inc (NASDAQ: CROX)’s stock price has dropped by -2.17 in relation to previous closing price of 123.36. Nevertheless, the company has seen a loss of -5.88% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
CROX’s Market Performance
CROX’s stock has fallen by -5.88% in the past week, with a monthly drop of -5.84% and a quarterly rise of 19.81%. The volatility ratio for the week is 3.55% while the volatility levels for the last 30 days are 3.13% for Crocs Inc. The simple moving average for the past 20 days is -11.09% for CROX’s stock, with a 15.35% simple moving average for the past 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 -2.92% 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 -20.25% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares sank -7.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.92% upper at present.
During the last 5 trading sessions, CROX fell by -5.88%, which changed the moving average for the period of 200-days by +11.52% in comparison to the 20-day moving average, which settled at $135.27. In addition, Crocs Inc saw 29.19% 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 2.31. 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
In a nutshell, Crocs Inc (CROX) has experienced a mixed performance in recent times. The stock has received mixed “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.
