The share price of Clarus Corporation (NASDAQ:CLAR) rose to $20.90 per share on Tuesday from $20.59. While Clarus Corporation has overperformed by 1.51%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLAR fell by -28.72%, with highs and lows ranging from $32.36 to $17.43, whereas the simple moving average fell by -10.72% in the last 200 days.
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On December 21, 2021, BofA Securities started tracking Clarus Corporation (NASDAQ: CLAR) recommending Buy. A report published by Exane BNP Paribas on December 15, 2021, Upgraded its rating to ‘Outperform’ for CLAR. Raymond James also rated CLAR shares as ‘Outperform’, setting a target price of $32 on the company’s shares in an initiating report dated November 01, 2021. DA Davidson Initiated an Buy rating on January 26, 2021, and assigned a price target of $20. William Blair initiated its ‘Outperform’ rating for CLAR, as published in its report on September 04, 2020. ROTH Capital also rated the stock as ‘Neutral’.
Analysis of Clarus Corporation (CLAR)
A return on investment can be expected regardless of CLAR’s performance over the next quarter with the dividend set at $0.10 per share. Further, the quarter-over-quarter increase in sales is 50.50%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Clarus Corporation’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 8.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CLAR is recording an average volume of 1.50M. On a monthly basis, the volatility of the stock is set at 6.45%, whereas on a weekly basis, it is put at 7.53%, with a gain of 15.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $31.62, showing growth from the present price of $20.90, which can serve as yet another indication of whether CLAR is worth investing in or should be passed over.
How Do You Analyze Clarus Corporation Shares?
A leading company in the Leisure sector, Clarus Corporation (CLAR) is based in the USA. When comparing Clarus Corporation shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 31.67, there is a growth in quarterly earnings of -23.00%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 10.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CLAR shares?
The recent increase in stakes in CLAR appears to be a result of several institutional investors and hedge funds increasing their positions. Brown Advisory LLC’s position in CLAR has increased by 5.35% in the first quarter. The company now owns 3,195,634 shares of the stock, with a value of $60.69 million, following the purchase of 162,420 additional shares during the last quarter. Greenhouse Funds LLLP made another increased to its shares in CLAR during the first quarter, upping its stake by 2.70%. During the last quarter, the company picked up 70,274 additional shares for a total stake of worth $50.83 million, bringing number of shares owned by the company to 2,676,895.
During the first quarter, Fidelity Management & Research Co added a 492,074 position in CLAR. BlackRock Fund Advisors purchased an additional 42749.0 shares in the last quarter, increasing its holdings by 2.91%, now holding 1.51 million shares worth $28.74 million. At the end of the first quarter, Thrivent Asset Management LLC decreased its CLAR holdings by 0.00% and now holds 1.49 million CLAR shares valued at $28.39 million with the lessened 0.0 shares during the period. CLAR shares are owned by institutional investors to the tune of 77.90% at present.