In the past week, CROX stock has gone down by -3.53%, with a monthly decline of -15.15% and a quarterly surge of 4.72%. The volatility ratio for the week is 3.53%, and the volatility levels for the last 30 days are 2.97% for Crocs Inc The simple moving average for the last 20 days is -7.68% for CROX stock, with a simple moving average of 11.61% for the last 200 days.
Is It Worth Investing in Crocs Inc (NASDAQ: CROX) Right Now?
The price-to-earnings ratio for Crocs Inc (NASDAQ: CROX) is 10.16x, which is above its average ratio. Moreover, the 36-month beta value for CROX is 1.99. 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.”
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The public float for CROX is 58.51M and currently, short sellers hold a 7.79% of that float. On July 24, 2024, CROX’s average trading volume was 1.23M shares.
CROX) stock’s latest price update
Crocs Inc (NASDAQ: CROX) has seen a decline in its stock price by -1.49 in relation to its previous close of 133.28. However, the company has experienced a -3.53% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-23 that International expansion into low penetrated strategic markets provides revenue growth for Crocs in the coming years. Strategic diversification into sandals will play a crucial role in Crocs’ ambition to reach $5B sales by 2026. Crocs’ profitability is a crucial competitive advantage in the highly competitive footwear market.
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 -10.56% 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 -20.58% of loss for the given period.
Volatility was left at 2.97%, however, over the last 30 days, the volatility rate increased by 3.53%, as shares sank -13.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.01% lower at present.
During the last 5 trading sessions, CROX fell by -3.53%, which changed the moving average for the period of 200-days by +53.59% in comparison to the 20-day moving average, which settled at $141.16. In addition, Crocs Inc saw 40.56% 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 2.46. 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 wrap up, the performance of Crocs Inc (CROX) has been mixed 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.
