Clorox Co. (NYSE:CLX) finished Friday with an addition of $2.44 to close at $131.06, an upside of 1.90 percent. An average of 1,691,120 shares of common stock have been traded in the last five days. There was a fall of -$1.60 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 1,465,535 shares traded, while the 50-day average volume stands at 1,384,758.
CLX stock has decreased by -16.55% in the last month. The company shares reached their 1-month lowest point of $127.29 on 09/29/23. With the stock rallying to its 52-week high on 05/03/23, shares of the company touched a low of $124.58 and a high of $178.21 in 52 weeks. It has reached a new high 17 times so far this year and lost -6.61% or -$9.27 in price. In spite of this, the price is down -26.46% from the 52-week high.
Insider Transactions
CLX stock investors should be aware that Clorox Co. (CLX) stock had its last reported insider trading activity 47 days ago on Aug 14.
Valuation Metrics
Clorox Co. (CLX) has a trailing price-to-earnings (P/E) ratio of 109.40. The stock’s beta is 0.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.20, the price-to-book (PB) ratio at 73.76, and the price-to-cash flow ratio at 17.45.
Financial Health
The quick ratio of Clorox Co. for the three months ended June 29 was 0.59, and the current ratio was 0.95, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 12.76 and a total debt to equity ratio of 13.43 for the quarter ending June 29. Its gross profit as reported stood at $2.91 billion compared to revenue of $7.39 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, Clorox Co.’s return on assets was 2.46%.
Earnings Surprise
For the three-month period that ended June 29, Clorox Co. had $2.48 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 $176.0 million in the quarter, while revenues were grew 42.61%. The analyst consensus anticipated Clorox Co.’s latest quarter earnings to come in at $1.18 per share, but it turned out to be $1.67, a 41.50% surprise. For the quarter, EBITDA amounted to $346.0 million. Shareholders own equity worth $123.83 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Clorox Co. (CLX) price momentum. RSI 9-day as of the close on 29 September was 24.14%, suggesting the stock is oversold, with historical volatility in this time frame at 15.10%.
As of today, CLX’s price is $130.26 -1.21% or -$1.60 from its 5-day moving average. CLX is currently trading -16.23% lower than its 20-day SMA and -21.62% lower than its 100-day SMA. However, the stock’s current price level is -15.23% below the SMA50 and -12.61% below the SMA200.
The stochastic %K and %D were 5.29% and 2.36%, respectively, and the average true range (ATR) was 2.88. With the 14-day stochastic at 13.82% and the average true range at 2.92, the RSI (14) stands at 25.22%. The stock has reached -3.00 on the 9-day MACD Oscillator while the 14-day reading was at -8.16.
Analyst Ratings
HSBC Securities launched coverage on Clorox Co. (NYSE: CLX) in its analyst report released on September 22, 2023. The firm assigned the stock a Hold rating. The consensus rating for Clorox Co. (CLX) among analysts is Hold. According to current brokerage recommendations, 6 brokerage firms advise that investors sell CLX, while 10 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 1 others rate it as a “buy”.
What is CLX’s price target for the next 12 months?
Analysts predict a range of price targets between $127.00 and $185.00, with a median target of $152.00. Taking a look at these predictions, the average price target given by analysts for Clorox Co. (CLX) stock is $153.11.
