At the last check on Monday, Crocs Inc.’s (NASDAQ:CROX) stock was up $2.14, moving up 2.06 percent to $105.91. The average number of shares traded per day over the past five days has been 2,202,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.23 fall in that time frame. In the last twenty days, the average volume was 2,305,810, while in the previous 50 days, it was 2,036,394.
Since last month, CROX stock retreated -4.95%. Shares of the company fell to $101.01 on 07/27/23, the lowest level in the past month. A 52-week high of $151.32 was reached on 04/24/23 after having rallying from a 52-week low of $65.17. Since the beginning of this year, CROX’s stock price has dropped by -2.32% or -$2.52, and marked a new high 13 times. However, the stock has declined by -30.01% since its 52-week high.
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CROX stock investors should be aware that Crocs Inc. (CROX) stock had its last reported insider trading activity 3 days ago on Aug 02. SMACH THOMAS J, the Director of the company, purchased of 7,500 shares for $105.27 on Aug 02. It resulted in a $789,525 investment by the insider. TREFF DOUGLAS J added 1,926 shares at an average price of $103.94 on Aug 02. The insider now owns 97,656 shares following the transaction. On Aug 01, Director SMACH THOMAS J bought 2,500 shares at $107.59 apiece. The transaction was valued at $268,975.
Valuation Metrics
Right now, Crocs Inc. (CROX) has a P/E ratio of about 10.72. The stock’s beta is 1.89. Besides these, the trailing price-to-sales (P/S) ratio of 1.64, the price-to-book (PB) ratio of 5.52, and the price-to-cash flow ratio of 8.36 may also be considered.
Financial Health
In the three months ended June 29, Crocs Inc.’s quick ratio stood at 1.00, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.69, and the total debt-to-equity ratio was 1.70. On the profitability front, the trailing twelve-month gross margin is 53.20% percent. In the year ended June 29, EBITDA margin amounted to 25.79%, whereas operating margins totaled 27.50%. Based on annual data, CROX earned $1.86 billion in gross profit and brought in $3.55 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.40%. Return on equity (ROE) for the past 12 months was 74.20%.
In Crocs Inc.’s quarter-end financial report for June 29, it reported total debt of $2.01 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CROX’s revenue rose 10.05% to $884.17 million during the quarter, while net income inched up to $1.07 billion. While analysts expected Crocs Inc. to report $2.97 quarterly earnings, the actual figure was $3.59 per share, beating the consensus estimate by 20.90%. During the quarter, the company generated $331.13 million in EBITDA. The liabilities of Crocs Inc. were 3.41 billion at the end of its most recent quarter ended June 29, and its total debt was $2.29 billion. The value of shareholders’ equity is $61.64 million.
Technical Picture
This quick technical analysis looks at Crocs Inc.’s (CROX) price momentum. With a historical volatility rate of 86.27%, the RSI 9-day stood at 36.67% on 04 August.
With respect to its five-day moving average, the current Crocs Inc. price is down by -2.06% percent or -$2.23. At present, CROX shares trade -5.80% below its 20-day simple moving average and -4.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.22% below its SMA50 and +35.73% above its SMA200.
Stochastic coefficient K was 12.43% and Stochastic coefficient D was 14.99%, while ATR was 4.86. Given the Stochastic reading of 16.69% for the 14-day period, the RSI (14) reading has been calculated as 40.02%. As of today, the MACD Oscillator reading stands at -4.39, while the 14-day reading stands at -10.05.
Analyst Ratings
Stifel upgraded its rating on Crocs Inc. (NASDAQ: CROX) to a Buy in a note to investors on July 28, 2023. The analysts firm previously had a Hold rating on the stock.Crocs Inc. (CROX) has been rated Overweight by analysts. According to 0 brokerage firms, CROX is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Crocs Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $136.50, the current consensus forecast for the stock is $102.00 – $185.00. Based on these forecasts, analysts predict Crocs Inc. (CROX) will achieve an average price target of $140.70.
