Clarus Corp (NASDAQ: CLAR) has a higher price-to-earnings ratio of 27.71x compared to its average ratio. CLAR has 36-month beta value of 0.91. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CLAR is 28.23M, and currently, short sellers hold a 8.15% ratio of that float. The average trading volume of CLAR on May 06, 2024 was 283.61K shares.
CLAR) stock’s latest price update
Clarus Corp (NASDAQ: CLAR) has experienced a rise in its stock price by 18.67 compared to its previous closing price of 6.16. However, the company has seen a gain of 16.40% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-04 that Clarus Corporation (NASDAQ:CLAR ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Matt Berkowitz – Investor Relations Warren Kanders – Executive Chairman Mike Yates – Chief Financial Officer Neil Fiske – President, Black Diamond Equipment Mathew Hayward – Management Director, Adventure Conference Call Participants Laurent Vasilescu – BNP Paribas Matt Koranda – ROTH MKM Mark Smith – Lake Street Peter McGoldrick – Stifel Operator Good afternoon, everyone and thank you for participating in today’s conference call to discuss Clarus Corporation’s financial results for the First Quarter ended March 31, 2024. Joining us today are Clarus Corporation’s Executive Chairman, Warren Kanders; CFO, Mike Yates; President, Black Diamond Equipment, Neil Fiske; Management Director of Clarus’ Adventure segment, Mathew Hayward; and the company’s External Director of Investor Relations, Matt Berkowitz.
CLAR’s Market Performance
CLAR’s stock has risen by 16.40% in the past week, with a monthly rise of 12.12% and a quarterly rise of 22.24%. The volatility ratio for the week is 6.90% while the volatility levels for the last 30 days are 4.50% for Clarus Corp The simple moving average for the past 20 days is 16.50% for CLAR’s stock, with a 12.05% simple moving average for the past 200 days.
Analysts’ Opinion of CLAR
Many brokerage firms have already submitted their reports for CLAR stocks, with Jefferies repeating the rating for CLAR by listing it as a “Hold.” The predicted price for CLAR in the upcoming period, according to Jefferies is $7 based on the research report published on January 04, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see CLAR reach a price target of $12. The rating they have provided for CLAR stocks is “Buy” according to the report published on June 29th, 2023.
BofA Securities gave a rating of “Neutral” to CLAR, setting the target price at $10 in the report published on May 03rd of the previous year.
CLAR Trading at 15.70% from the 50-Day Moving Average
After a stumble in the market that brought CLAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.70% of loss for the given period.
Volatility was left at 4.50%, however, over the last 30 days, the volatility rate increased by 6.90%, as shares surge +11.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.13% upper at present.
During the last 5 trading sessions, CLAR rose by +16.40%, which changed the moving average for the period of 200-days by -16.65% in comparison to the 20-day moving average, which settled at $6.31. In addition, Clarus Corp saw 6.02% 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 CLAR starting from SOKOLOW NICOLAS, who purchase 11,000 shares at the price of $8.80 back on May 23 ’23. After this action, SOKOLOW NICOLAS now owns 394,244 shares of Clarus Corp, valued at $96,800 using the latest closing price.
SOKOLOW NICOLAS, the Director of Clarus Corp, purchase 12,000 shares at $8.82 during a trade that took place back on May 22 ’23, which means that SOKOLOW NICOLAS is holding 386,244 shares at $105,816 based on the most recent closing price.
Stock Fundamentals for CLAR
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.32 for the gross margin
The net margin for Clarus Corp stands at 0.04. The total capital return value is set at -0.09. Equity return is now at value -7.91, with -5.35 for asset returns.
Based on Clarus Corp (CLAR), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 3.77. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 10.91.
Currently, EBITDA for the company is 3.75 million with net debt to EBITDA at 8.44. When we switch over and look at the enterprise to sales, we see a ratio of 0.96. The receivables turnover for the company is 4.88for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.46.
Conclusion
To put it simply, Clarus Corp (CLAR) has had a better 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.
