Is Crocs Inc. (CROX) A Good Investment?

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KOSK
KOSK

Crocs Inc. (NASDAQ:CROX) traded with a subtraction of -$4.57 to $70.21 on Thursday, a downside of -6.11 percent. An average of 1,054,508 shares of common stock have been traded in the last five days. There was a fall of -$7.61 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,223,322 shares traded, while the 50-day average volume stands at 1,587,185.

CROX stock has increased by 3.24% in the last month. The company shares reached their 1-month lowest point of $68.06 on 09/06/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $46.08 and a high of $183.88 in 52 weeks. It has reached a new high 3 times so far this year and lost -41.68% or -$58.42 in price. In spite of this, the price is down -61.82% from the 52-week high.


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Insider Transactions

28 days have passed since Crocs Inc. (CROX) last reported insider trading activity. Poole Michelle, who is President, most recently acquired $7,320 shares at $80.26 per share on Aug 25. In this transaction, the insider spent $587,503. EVP, Chief People Officer, SISLER SHANNON, disposed of 3,164 shares at a price of $80.00 on Aug 25. The insider now owns more than $253,120 worth of shares. Prior to that, Chief Executive Officer Rees Andrew went on to Sale 10,000 shares at $180.19 each on Nov 05. An amount of $1,801,913 was transacted.

Valuation Metrics

Crocs Inc. (CROX) has a trailing price-to-earnings (P/E) ratio of 8.52. The stock’s beta is 1.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.65, the price-to-book (PB) ratio at 9.36, and the price-to-cash flow ratio at 14.73.

Financial Health

The quick ratio of Crocs Inc. for the three months ended March 30 was 1.10, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 5.58 and a total debt to equity ratio of 5.63 for the quarter ending March 30. Its gross profit as reported stood at $1.42 billion compared to revenue of $2.31 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Crocs Inc.’s return on assets was 17.50%.

Earnings Surprise

For the three-month period that ended March 30, Crocs Inc. had $2.74 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $160.32 million in the quarter, while revenues of $72.76 million were shrunk -98.95%. The analyst consensus anticipated Crocs Inc.’s latest quarter earnings to come in at $1.55 per share, but it turned out to be $2.05, a 32.30% surprise. For the quarter, EBITDA amounted to $256.82 million. Shareholders own equity worth $61.65 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Crocs Inc. (CROX) price momentum. RSI 9-day as of the close on 21 September was 35.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 68.11%.

As of today, CROX’s price is $75.29 -9.83% or -$7.61 from its 5-day moving average. CROX is currently trading -8.98% lower than its 20-day SMA and +5.07% higher than its 100-day SMA. However, the stock’s current price level is +28.26% above the SMA50 and -56.07% below the SMA200.

The stochastic %K and %D were 37.85% and 51.11%, respectively, and the average true range (ATR) was 4.02. With the 14-day stochastic at 11.17% and the average true range at 4.00, the RSI (14) stands at 42.20%. The stock has reached -2.63 on the 9-day MACD Oscillator while the 14-day reading was at -2.31.

Analyst Ratings

Exane BNP Paribas launched coverage on Crocs Inc. (NASDAQ: CROX) in its analyst report released on September 21, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Crocs Inc. (CROX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CROX, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.

What is CROX’s price target for the next 12 months?

Analysts predict a range of price targets between $54.00 and $115.00, with a median target of $86.00. Taking a look at these predictions, the average price target given by analysts for Crocs Inc. (CROX) stock is $86.00.

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