The stock of Crocs Inc (NASDAQ: CROX) has increased by 1.89 when compared to last closing price of 143.04.Despite this, the company has seen a gain of 5.67% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-26 that Crocs’ historical 30%+ ROIC is comparable to that of a mega-cap software company while at the same time having “luxury good” like gross margins. Management’s initiatives to gain share through the DTC channel are paying off as almost 50% of sales are now DTC. CROX excels in brand marketing through IP partnerships, appealing to a broad demographic and fostering lifelong customer loyalty.
Is It Worth Investing in Crocs Inc (NASDAQ: CROX) Right Now?
Crocs Inc (NASDAQ: CROX) has a price-to-earnings ratio of 10.96x that is above its average ratio. Additionally, the 36-month beta value for CROX is 2.00. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CROX is 57.21M and currently, short sellers hold a 8.35% ratio of that float. The average trading volume of CROX on September 26, 2024 was 1.24M shares.
CROX’s Market Performance
CROX stock saw an increase of 5.67% in the past week, with a monthly gain of 1.79% and a quarterly increase of -1.69%. The volatility ratio for the week is 3.85%, and the volatility levels for the last 30 days are 3.64% for Crocs Inc (CROX). The simple moving average for the past 20 days is 6.50% for CROX’s stock, with a 13.81% simple moving average for the past 200 days.
Analysts’ Opinion of CROX
Many brokerage firms have already submitted their reports for CROX stocks, with Piper Sandler repeating the rating for CROX by listing it as a “Overweight.” The predicted price for CROX in the upcoming period, according to Piper Sandler is $170 based on the research report published on August 23, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see CROX reach a price target of $164. The rating they have provided for CROX stocks is “Outperform” according to the report published on August 02nd, 2024.
Monness Crespi & Hardt gave a rating of “Buy” to CROX, setting the target price at $170 in the report published on May 08th of the current year.
CROX Trading at 8.27% 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 -11.84% of loss for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 3.85%, as shares surge +2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.10% upper at present.
During the last 5 trading sessions, CROX rose by +6.16%, which changed the moving average for the period of 200-days by +41.14% in comparison to the 20-day moving average, which settled at $137.01. In addition, Crocs Inc saw 56.02% 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 CROX starting from TREFF DOUGLAS J, who sale 10,594 shares at the price of $132.38 back on Aug 08 ’24. After this action, TREFF DOUGLAS J now owns 81,254 shares of Crocs Inc, valued at $1,402,381 using the latest closing price.
TREFF DOUGLAS J, the Director of Crocs Inc, proposed sale 10,594 shares at $131.00 during a trade that took place back on Aug 08 ’24, which means that TREFF DOUGLAS J is holding shares at $1,387,814 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
- 0.57 for the gross margin
The net margin for Crocs Inc stands at 0.2. The total capital return value is set at 0.26. Equity return is now at value 57.12, with 17.42 for asset returns.
Based on Crocs Inc (CROX), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.96. The interest coverage ratio of the stock is 7.72.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 1.54. When we switch over and look at the enterprise to sales, we see a ratio of 2.56. The receivables turnover for the company is 9.16for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
In conclusion, Crocs Inc (CROX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
