The stock of Crocs Inc. (NASDAQ:CROX) increased by $2.06 on Tuesday to finish at $89.68, up 2.35 percent. The last five days have seen an average of 1,931,360 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$18.75. The average number of shares traded over the last 20 days was 1,369,015, while the average volume over the last 50 days totaled 1,828,556.
CROX stock dropped -5.40% since last month. On 09/18/23, the company’s shares reached a one-month low of $86.63. 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 -17.29% or -$18.75 this year, reaching a new high 13 times. Still, the stock price is down -40.73% from the 52-week high.
Insider Transactions
CROX stock investors should be aware that Crocs Inc. (CROX) stock had its last reported insider trading activity 33 days ago on Aug 18. On Aug 18, Director TREFF DOUGLAS J acquired 2,114 shares at $94.61 each. This transaction resulted in the insider spending $200,016. On Aug 16, Poole Michelle sold 9,508 shares at a price of US$95.11. After the transaction, the insider now owns 87,633 shares. President Poole Michelle had earlier sold 5,102 shares on Aug 15 for $98.39 a share. The transaction was completed for $501,986.
Valuation Metrics
Crocs Inc. (CROX) has a trailing price-to-earnings (P/E) ratio of 8.38. Beta for the stock is 1.91. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.47, the price-to-book (PB) ratio of 4.68, and the price-to-cash flow ratio of 7.67.
Financial Health
For the recent quarter, 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 recent quarter 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 recent year 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
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. EBITDA was $331.13 million for the quarter. At the end of Crocs Inc.’s most recent quarter, 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 19 September, the RSI 9-day stood at 35.59%, suggesting the stock is Neutral, with a 27.48% historical volatility rate.
The stochastic %K and %D were 11.95% and 14.25% respectively, while the average true range (ATR) was 3.09. Based on the 14-day stochastic reading of 22.12%, the RSI (14) reading is 35.65%. On the 9-day MACD Oscillator, the stock is at -2.66, and the 14-day reading is at -5.04.
Analyst Ratings
Crocs Inc. (NASDAQ: CROX) was downgraded by B. Riley Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Crocs Inc. (CROX) an Overweight rating. CROX is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 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 $101.00 and $185.00, with a median target price of $131.50. In analyzing these forecasts, the average price target given by analysts for Crocs Inc. (CROX) is $134.20.
