Crocs Inc (NASDAQ: CROX) has experienced a rise in its stock price by 0.62 compared to its previous closing price of 97.98. However, the company has seen a fall of -0.37% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-20 that Crocs stock dipped ~19% despite better-than-expected results due to lower HEYDUDE performance expectations and EBIT margin pressure for 2025. Management’s focus on brand building over performance marketing for HEYDUDE will likely lead to higher SG&A expenses and slower revenue growth in the near term. Historical guidance cuts for HEYDUDE raise concerns about market perception of future guidance, potentially limiting investor excitement.
Is It Worth Investing in Crocs Inc (NASDAQ: CROX) Right Now?
The price-to-earnings ratio for Crocs Inc (NASDAQ: CROX) is above average at 7.15x. The 36-month beta value for CROX is also noteworthy at 2.00. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 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 56.10M, and at present, short sellers hold a 7.73% of that float. The average trading volume of CROX on November 21, 2024 was 1.30M shares.
CROX’s Market Performance
CROX stock saw a decrease of -0.37% in the past week, with a monthly decline of -25.51% and a quarterly a decrease of -30.60%. The volatility ratio for the week is 3.31%, and the volatility levels for the last 30 days are 3.46% for Crocs Inc (CROX). The simple moving average for the last 20 days is -8.22% for CROX’s stock, with a simple moving average of -25.65% for the last 200 days.
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 -21.81% 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 -40.36% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares sank -24.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.06% lower at present.
During the last 5 trading sessions, CROX fell by -0.37%, which changed the moving average for the period of 200-days by -0.41% in comparison to the 20-day moving average, which settled at $107.42. In addition, Crocs Inc saw 5.55% 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 Healy Susan L., who purchase 1,000 shares at the price of $99.70 back on Nov 13 ’24. After this action, Healy Susan L. now owns 22,652 shares of Crocs Inc, valued at $99,702 using the latest closing price.
REPLOGLE JOHN B, the Director of Crocs Inc, purchase 2,240 shares at $112.60 during a trade that took place back on Oct 30 ’24, which means that REPLOGLE JOHN B is holding 9,304 shares at $252,222 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 8.51.
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 1.8. The receivables turnover for the company is 10.55for 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
In summary, Crocs Inc (CROX) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
