The stock of Crocs Inc. (NASDAQ:CROX) decreased by -$1.42 on Tuesday to finish at $97.80, down -1.43 percent. The last five days have seen an average of 1,566,340 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$10.63. The average number of shares traded over the last 20 days was 2,317,150, while the average volume over the last 50 days totaled 1,974,508.
CROX stock dropped -23.05% since last month. On 08/15/23, the company’s shares reached a one-month low of $97.08. The stock touched a high of $151.32 on 04/24/23, after rallying from a low of $65.17 in 52 weeks. The price of CROX stock has declined by -9.80% or -$10.63 this year, reaching a new high 13 times. Still, the stock price is down -35.37% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
CROX stock investors should be aware that Crocs Inc. (CROX) stock had its last reported insider trading activity 5 days ago on Aug 11. On Aug 11, CFO MEHLMAN ANNE acquired 1,950 shares at $101.62 each. This transaction resulted in the insider spending $198,159. On Aug 02, SMACH THOMAS J added 7,500 shares at a price of US$105.27. After the transaction, the insider now owns 10,000 shares. Director TREFF DOUGLAS J had earlier bought 1,926 shares on Aug 02 for $103.94 a share. The transaction was completed for $200,188.
Valuation Metrics
Crocs Inc. (CROX) has a trailing price-to-earnings (P/E) ratio of 9.14. Beta for the stock is 1.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.59, the price-to-book (PB) ratio of 5.10, and the price-to-cash flow ratio of 8.31.
Financial Health
For the three months ended June 29, Crocs Inc.’s quick ratio was 1.00, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.69, and the total debt to equity ratio is 1.70. As far as profitability goes, gross margin for the trailing twelve months is 54.90% percent. Crocs Inc.’s EBITDA margin for the year ended June 29 was 25.79%, whereas its operating margin stood at 26.70% for the same period. Based on annual data, it had gross profit of $1.86 billion and revenue of $3.55 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CROX’s return on assets (ROA) during the last 12 months has been 14.70%. There was a 21.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 74.20%.
Earnings Surprise
According to Crocs Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.07 billion, while revenues rose by 10.05% to $884.17 million. It was predicted that Crocs Inc.’s quarterly earnings would be $3.59, but it ended up being $2.97, beating the consensus by 20.90%. EBITDA was $331.13 million for the quarter. At the end of Crocs Inc.’s most recent quarter ended June 29, its liabilities totaled 3.41 billion, while its total debt was $2.29 billion. Equity owned by shareholders amounts to $61.64 million.
Technical Picture
Here’s a quick look at Crocs Inc.’s (CROX) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 24.21%, suggesting the stock is oversold, with a 17.81% historical volatility rate.
The stochastic %K and %D were 3.86% and 4.87% respectively, while the average true range (ATR) was 3.90. Based on the 14-day stochastic reading of 5.12%, the RSI (14) reading is 31.52%. On the 9-day MACD Oscillator, the stock is at -3.22, and the 14-day reading is at -4.50.
Analyst Ratings
In its most recent analyst report, Stifel raised its rating on Crocs Inc. (NASDAQ: CROX) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Crocs Inc. (CROX) an Overweight rating. CROX is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 8 others recommend it as a buy.
What is CROX’s price target for the next 12 months?
The current consensus forecast for the stock is between $102.00 and $185.00, with a median target price of $136.50. In analyzing these forecasts, the average price target given by analysts for Crocs Inc. (CROX) is $140.70.
