Clorox Co. (NYSE: CLX) has a higher price-to-earnings ratio of 232.39x compared to its average ratio. CLX has 36-month beta value of 0.42. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 13 as “hold,” and 1 as “sell.”
The public float for CLX is 123.88M, and currently, short sellers hold a 2.83% ratio of that float. The average trading volume of CLX on May 01, 2024 was 1.22M shares.
CLX) stock’s latest price update
The stock price of Clorox Co. (NYSE: CLX) has plunged by -0.71 when compared to previous closing price of 148.92, but the company has seen a 1.30% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-30 that While the top- and bottom-line numbers for Clorox (CLX) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
CLX’s Market Performance
CLX’s stock has risen by 1.30% in the past week, with a monthly drop of -2.49% and a quarterly rise of 1.47%. The volatility ratio for the week is 1.59% while the volatility levels for the last 30 days are 1.63% for Clorox Co. The simple moving average for the past 20 days is 1.93% for CLX’s stock, with a 2.43% simple moving average for the past 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 $165 based on the research report published on April 02, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see CLX reach a price target of $145. The rating they have provided for CLX stocks is “Hold” according to the report published on March 26th, 2024.
Goldman gave a rating of “Sell” to CLX, setting the target price at $140 in the report published on March 01st of the current year.
CLX Trading at -0.97% 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 -17.02% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares sank -0.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.11% lower at present.
During the last 5 trading sessions, CLX rose by +1.30%, which changed the moving average for the period of 200-days by -4.33% in comparison to the 20-day moving average, which settled at $145.03. In addition, Clorox Co. saw 3.70% 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 Jacobsen Kevin B, who sale 3,346 shares at the price of $160.82 back on Aug 14 ’23. After this action, Jacobsen Kevin B now owns 23,224 shares of Clorox Co., valued at $538,096 using the latest closing price.
Stock Fundamentals for CLX
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.42 for the gross margin
The net margin for Clorox Co. stands at 0.03. The total capital return value is set at 0.37. Equity return is now at value 42.78, with 1.34 for asset returns.
Based on Clorox Co. (CLX), the company’s capital structure generated 0.97 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 33.19. The interest coverage ratio of the stock is 16.37.
Currently, EBITDA for the company is 773.0 million with net debt to EBITDA at 2.35. When we switch over and look at the enterprise to sales, we see a ratio of 2.93. The receivables turnover for the company is 10.71for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To put it simply, Clorox Co. (CLX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
