The stock price of Clorox Co (NYSE: CLX) has jumped by 1.04 compared to previous close of 165.75. Despite this, the company has seen a gain of 1.40% in its stock price over the last five trading days. zacks.com reported 2024-11-06 that CLX benefits from robust pricing and cost-saving initiatives. The company’s IGNITE strategy also bodes well.
Is It Worth Investing in Clorox Co (NYSE: CLX) Right Now?
The price-to-earnings ratio for Clorox Co (NYSE: CLX) is 58.62x, which is above its average ratio. Moreover, the 36-month beta value for CLX is 0.41. Analysts have varying opinions on the stock, 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 123.41M and currently, short sellers hold a 2.57% of that float. On November 15, 2024, CLX’s average trading volume was 1.19M shares.
CLX’s Market Performance
The stock of Clorox Co (CLX) has seen a 1.40% increase in the past week, with a 2.99% rise in the past month, and a 12.26% gain in the past quarter. The volatility ratio for the week is 1.37%, and the volatility levels for the past 30 days are at 1.52% for CLX. The simple moving average for the past 20 days is 3.67% for CLX’s stock, with a 12.85% simple moving average for the past 200 days.
Analysts’ Opinion of CLX
Many brokerage firms have already submitted their reports for CLX stocks, with TD Cowen repeating the rating for CLX by listing it as a “Hold.” The predicted price for CLX in the upcoming period, according to TD Cowen is $170 based on the research report published on November 06, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see CLX reach a price target of $187, previously predicting the price at $174. The rating they have provided for CLX stocks is “Buy” according to the report published on October 01st, 2024.
TD Cowen gave a rating of “Sell” to CLX, setting the target price at $122 in the report published on July 23rd of the current year.
CLX Trading at 3.09% 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 -0.96% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.37%, as shares surge +3.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.83% upper at present.
During the last 5 trading sessions, CLX rose by +1.58%, which changed the moving average for the period of 200-days by +13.33% in comparison to the 20-day moving average, which settled at $161.56. In addition, Clorox Co saw 17.45% 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
- 0.44 for the gross margin
The net margin for Clorox Co stands at 0.05. The total capital return value is set at 0.35. Equity return is now at value 3104.35, with 6.22 for asset returns.
Based on Clorox Co (CLX), the company’s capital structure generated 0.98 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 41.43. The interest coverage ratio of the stock is 15.11.
Currently, EBITDA for the company is 736.0 million with net debt to EBITDA at 2.97. When we switch over and look at the enterprise to sales, we see a ratio of 3.12. The receivables turnover for the company is 12.55for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.
Conclusion
To wrap up, the performance of Clorox Co (CLX) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
