The stock of Crocs Inc (CROX) has gone down by -3.68% for the week, with a -29.54% drop in the past month and a -27.86% drop in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are 3.36% for CROX. The simple moving average for the past 20 days is -15.24% for CROX’s stock, with a -25.38% simple moving average for the past 200 days.
Is It Worth Investing in Crocs Inc (NASDAQ: CROX) Right Now?
The price-to-earnings ratio for Crocs Inc (NASDAQ: CROX) is 7.18x, 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 56.11M and currently, short sellers hold a 7.73% of that float. On November 14, 2024, CROX’s average trading volume was 1.26M shares.
CROX) stock’s latest price update
Crocs Inc (NASDAQ: CROX) has seen a decline in its stock price by -2.96 in relation to its previous close of 101.98. However, the company has experienced a -3.68% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-08 that Crocs’ growth drivers include international expansion, sandals, and robust gross margins, despite a slowdown in revenue and HeyDude’s underperformance. Q3 results exceeded guidance, but stock dropped due to slower revenue growth and HeyDude’s continued weakness, despite strong EPS growth. CROX’s international segment, especially in China, shows significant long-term potential with new store openings and strong brand positioning.
Analysts’ Opinion of CROX
Many brokerage firms have already submitted their reports for CROX stocks, with Loop Capital repeating the rating for CROX by listing it as a “Hold.” The predicted price for CROX in the upcoming period, according to Loop Capital is $110 based on the research report published on November 07, 2024 of the current year 2024.
Monness Crespi & Hardt, on the other hand, stated in their research note that they expect to see CROX reach a price target of $140, previously predicting the price at $170. The rating they have provided for CROX stocks is “Buy” according to the report published on October 30th, 2024.
CROX Trading at -23.39% 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 -40.14% of loss for the given period.
Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares sank -28.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.76% lower at present.
During the last 5 trading sessions, CROX fell by -3.68%, which changed the moving average for the period of 200-days by -4.79% in comparison to the 20-day moving average, which settled at $116.75. In addition, Crocs Inc saw 5.94% 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 REPLOGLE JOHN B, who purchase 2,240 shares at the price of $112.60 back on Oct 30 ’24. After this action, REPLOGLE JOHN B now owns 9,304 shares of Crocs Inc, valued at $252,222 using the latest closing price.
TREFF DOUGLAS J, the Director of Crocs Inc, sale 10,594 shares at $132.38 during a trade that took place back on Aug 08 ’24, which means that TREFF DOUGLAS J is holding 81,254 shares at $1,402,381 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
- 0.58 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 57.07, with 17.96 for asset returns.
Based on Crocs Inc (CROX), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.69. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is 14.88.
Currently, EBITDA for the company is 1.09 billion with net debt to EBITDA at 1.45. When we switch over and look at the enterprise to sales, we see a ratio of 1.81. The receivables turnover for the company is 10.63for 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 1.43.
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.
