The stock price of Clarus Corp (NASDAQ: CLAR) has jumped by 0.23 compared to previous close of 4.30. Despite this, the company has seen a fall of -6.30% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-05 that Clarus Corporation (NASDAQ:CLAR ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Matt Berkowitz – External Director of Investor Relations Warren Kanders – Executive Chairman Michael Yates – Chief Financial Officer Mathew Hayward – Managing Director of Clarus’ Adventure Segment Neil Fiske – President of Black Diamond Equipment Conference Call Participants Matthew Koranda – ROTH Capital Partners LLC Anna Glaessgen – B. Riley Securities, Inc. Peter McGoldrick – Stifel Mark Smith – Lake Street Capital Operator Good afternoon, everyone, and thank you for participating in today’s conference call to discuss Clarus Corporation’s financial results for the second quarter ended June 30, 2024.
Is It Worth Investing in Clarus Corp (NASDAQ: CLAR) Right Now?
Clarus Corp (NASDAQ: CLAR) has a higher price-to-earnings ratio of 24.41x compared to its average ratio. CLAR has 36-month beta value of 0.85. 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.”
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The public float for CLAR is 29.46M, and currently, short sellers hold a 5.11% ratio of that float. The average trading volume of CLAR on September 02, 2024 was 282.37K shares.
CLAR’s Market Performance
CLAR’s stock has seen a -6.30% decrease for the week, with a -25.30% drop in the past month and a -38.43% fall in the past quarter. The volatility ratio for the week is 5.12%, and the volatility levels for the past 30 days are at 4.48% for Clarus Corp The simple moving average for the past 20 days is -3.74% for CLAR’s stock, with a -29.05% simple moving average for the past 200 days.
Analysts’ Opinion of CLAR
Jefferies, on the other hand, stated in their research note that they expect to see CLAR reach a price target of $7, previously predicting the price at $13. The rating they have provided for CLAR stocks is “Hold” according to the report published on January 04th, 2024.
B. Riley Securities gave a rating of “Buy” to CLAR, setting the target price at $12 in the report published on June 29th of the previous year.
CLAR Trading at -21.90% 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 -43.66% of loss for the given period.
Volatility was left at 4.48%, however, over the last 30 days, the volatility rate increased by 5.12%, as shares sank -13.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.18% lower at present.
During the last 5 trading sessions, CLAR fell by -6.30%, which changed the moving average for the period of 200-days by -13.28% in comparison to the 20-day moving average, which settled at $4.44. In addition, Clarus Corp saw -37.49% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLAR starting from SOKOLOW NICOLAS, who purchase 26,500 shares at the price of $4.88 back on Aug 06 ’24. After this action, SOKOLOW NICOLAS now owns 438,311 shares of Clarus Corp, valued at $129,320 using the latest closing price.
Stock Fundamentals for CLAR
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.3 for the gross margin
The net margin for Clarus Corp stands at 0.03. The total capital return value is set at -0.11. Equity return is now at value -9.13, with -6.28 for asset returns.
Based on Clarus Corp (CLAR), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 6.65.
Currently, EBITDA for the company is 3.75 million with net debt to EBITDA at 2.24. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The receivables turnover for the company is 5.11for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.74.
Conclusion
To put it simply, Clarus Corp (CLAR) has had a bad 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.
