Crocs Inc (NASDAQ: CROX) has a higher price-to-earnings ratio of 12.51x compared to its average ratio. CROX has 36-month beta value of 2.01. Analysts have mixed views 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 58.61M, and currently, short sellers hold a 9.25% ratio of that float. The average trading volume of CROX on June 20, 2024 was 1.17M shares.
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CROX) stock’s latest price update
The stock of Crocs Inc (NASDAQ: CROX) has increased by 1.37 when compared to last closing price of 159.42. Despite this, the company has experienced a 2.64% gain in its stock price over the last five trading sessions. zacks.com reported 2024-06-18 that Crocs (CROX) closed the most recent trading day at $159.42, moving -0.16% from the previous trading session.
CROX’s Market Performance
Crocs Inc (CROX) has seen a 2.64% rise in stock performance for the week, with a 16.00% gain in the past month and a 15.44% surge in the past quarter. The volatility ratio for the week is 2.72%, and the volatility levels for the past 30 days are at 3.15% for CROX. The simple moving average for the past 20 days is 6.17% for CROX’s stock, with a 44.63% simple moving average for the past 200 days.
Analysts’ Opinion of CROX
Many brokerage firms have already submitted their reports for CROX stocks, with Monness Crespi & Hardt repeating the rating for CROX by listing it as a “Buy.” The predicted price for CROX in the upcoming period, according to Monness Crespi & Hardt is $170 based on the research report published on May 08, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CROX reach a price target of $167. The rating they have provided for CROX stocks is “Overweight” according to the report published on April 01st, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to CROX, setting the target price at $130 in the report published on February 07th of the current year.
CROX Trading at 16.25% 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 able to rebound, for now settling with 0.35% of gains for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares surge +12.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.56% upper at present.
During the last 5 trading sessions, CROX rose by +3.06%, which changed the moving average for the period of 200-days by +62.50% in comparison to the 20-day moving average, which settled at $153.12. In addition, Crocs Inc saw 73.01% 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 Rees Andrew, who sale 10,000 shares at the price of $160.15 back on Jun 17 ’24. After this action, Rees Andrew now owns 79,748 shares of Crocs Inc, valued at $1,601,507 using the latest closing price.
MEHLMAN ANNE, the EVP of CROCS Brand of Crocs Inc, sale 7,150 shares at $159.01 during a trade that took place back on Jun 17 ’24, which means that MEHLMAN ANNE is holding 143,075 shares at $1,136,916 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 0.25. Equity return is now at value 62.01, with 16.94 for asset returns.
Based on Crocs Inc (CROX), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 1.12. The interest coverage ratio of the stock is 6.95.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 1.73. When we switch over and look at the enterprise to sales, we see a ratio of 2.91. The receivables turnover for the company is 7.86for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.
Conclusion
To put it simply, Crocs Inc (CROX) 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
