The stock of Clorox Co. (NYSE: CLX) has decreased by -0.50 when compared to last closing price of 163.43. Despite this, the company has experienced a 2.89% gain in its stock price over the last five trading sessions. fool.com reported 2024-10-17 that These three stocks not only generate copious amounts of free cash flow, but also have the potential to continue paying higher dividends over time.
Is It Worth Investing in Clorox Co. (NYSE: CLX) Right Now?
Clorox Co. (NYSE: CLX) has a price-to-earnings ratio that is above its average at 72.61x. The stock has a 36-month beta value of 0.40. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 13 as “hold,” and 1 as “sell.”
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The public float for CLX is 123.29M, and at present, short sellers hold a 3.04% of that float. On October 18, 2024, the average trading volume of CLX was 1.23M shares.
CLX’s Market Performance
The stock of Clorox Co. (CLX) has seen a 2.89% increase in the past week, with a -0.53% drop in the past month, and a 20.33% gain in the past quarter. The volatility ratio for the week is 1.18%, and the volatility levels for the past 30 days are at 1.59% for CLX. The simple moving average for the last 20 days is 0.19% for CLX stock, with a simple moving average of 11.01% for the last 200 days.
Analysts’ Opinion of CLX
Many brokerage firms have already submitted their reports for CLX stocks, with Jefferies repeating the rating for CLX by listing it as a “Buy.” The predicted price for CLX in the upcoming period, according to Jefferies is $187 based on the research report published on October 01, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see CLX reach a price target of $122. The rating they have provided for CLX stocks is “Sell” according to the report published on July 23rd, 2024.
Exane BNP Paribas gave a rating of “Underperform” to CLX, setting the target price at $130 in the report published on June 24th of the current year.
CLX Trading at 2.51% from the 50-Day Moving Average
After a stumble in the market that brought CLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.83% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.18%, as shares surge +0.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.08% upper at present.
During the last 5 trading sessions, CLX rose by +2.89%, which changed the moving average for the period of 200-days by +12.39% in comparison to the 20-day moving average, which settled at $162.30. In addition, Clorox Co. saw 14.04% 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 CLX starting from Hilt Angela C, who sale 1,733 shares at the price of $165.52 back on Sep 06 ’24. After this action, Hilt Angela C now owns 13,471 shares of Clorox Co., valued at $286,842 using the latest closing price.
Hilt Angela C, the Officer of Clorox Co., proposed sale 1,733 shares at $165.02 during a trade that took place back on Sep 06 ’24, which means that Hilt Angela C is holding shares at $285,980 based on the most recent closing price.
Stock Fundamentals for CLX
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.43 for the gross margin
The net margin for Clorox Co. stands at 0.04. The total capital return value is set at 0.31. Equity return is now at value 102.19, with 4.79 for asset returns.
Based on Clorox Co. (CLX), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 9.43. The interest coverage ratio of the stock is 14.37.
Currently, EBITDA for the company is 1.15 billion with net debt to EBITDA at 2.8. When we switch over and look at the enterprise to sales, we see a ratio of 3.29. The receivables turnover for the company is 10.21for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.
Conclusion
To sum up, Clorox Co. (CLX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
