Crocs Inc (NASDAQ:CROX) traded with an addition of $2.35 to close at $88.22on Friday, an upside of 2.74 percent. An average of 1,061,893 shares of common stock have been traded in the last five days. There was a gain of $1.36 in the past week, and it reached a new high 32 times over the past 12 months. The last 20 days have seen an average of 1,284,488 shares traded, while the 50-day average volume stands at 1,752,845.
CROX stock has decreased by -8.90% in the last month. The company shares reached their 1-month lowest point of $83.39 on 09/27/23. With the stock rallying to its 52-week high on 04/24/23, shares of the company touched a low of $65.25 and a high of $151.32 in 52 weeks. It has reached a new high 13 times so far this year and lost -18.63% or -$20.62 in price. In spite of this, the price is down -41.70% 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 44 days ago on Aug 18. In this transaction, the insider spent $904,306. President, Poole Michelle, disposed of 5,102 shares at a price of $98.39 on Aug 15. The insider now owns more than $501,986 worth of shares. Prior to that, President Poole Michelle went on to Sale 8,832 shares at $111.00 each on May 31. An amount of $980,352 was transacted.
Valuation Metrics
Crocs Inc (CROX) has a trailing price-to-earnings (P/E) ratio of 8.25, which compares with the N/A for the broader industry. The stock’s beta is 1.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.40, the price-to-book (PB) ratio at 4.61, and the price-to-cash flow ratio at 6.64.
Financial Health
The quick ratio of Crocs Inc for the three months ended June 29 was 1.00, and the current ratio was 1.65, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.86 and a total debt to equity ratio of 1.92 for the quarter ending June 29. Its gross profit as reported stood at $1.86 billion compared to revenue of $3.55 billion.
Earnings Surprise
For the three-month period that ended June 29, Crocs Inc had $2.01 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 $212.41 million in the quarter, while revenues of $149.54 million were grew 24.52%. The analyst consensus anticipated Crocs Inc’s latest quarter earnings to come in at $2.97 per share, but it turned out to be $3.59, a 20.90% surprise. For the quarter, EBITDA amounted to $331.13 million. Shareholders own equity worth $61.64 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 28 September was 45.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.15%.
As of today, CROX’s price is $85.68 +1.57% or $1.36 from its 5-day moving average. CROX is currently trading -9.79% lower than its 20-day SMA and -24.79% lower than its 100-day SMA. However, the stock’s current price level is -27.93% below the SMA50 and -6.22% below the SMA200.
The stochastic %K and %D were 24.46% and 13.60%, respectively, and the average true range (ATR) was 2.86. With the 14-day stochastic at 43.81% and the average true range at 3.00, the RSI (14) stands at 40.62%. The stock has reached -0.43 on the 9-day MACD Oscillator while the 14-day reading was at -1.51.
Analyst Ratings
B. Riley Securities downgraded Crocs Inc (NASDAQ: CROX) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.
