While Clarus Corp has underperformed by -4.00%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLAR fell by -30.99%, with highs and lows ranging from $10.44 to $4.77, whereas the simple moving average fell by -6.09% in the last 200 days.
On January 04, 2024, Jefferies Downgraded Clarus Corp (NASDAQ: CLAR) to Hold. A report published by B. Riley Securities on June 29, 2023, Initiated its previous ‘Buy’ rating for CLAR. BofA Securities also Downgraded CLAR shares as ‘Neutral’, setting a target price of $10 on the company’s shares in a report dated May 03, 2023. DA Davidson November 08, 2022d the rating to Neutral on November 08, 2022, and set its price target from $31 to $9. Raymond James August 18, 2022d its ‘Outperform’ rating to ‘Mkt Perform’ for CLAR, as published in its report on August 18, 2022. BofA Securities’s report from December 21, 2021 suggests a price prediction of $35 for CLAR shares, giving the stock a ‘Buy’ rating. Exane BNP Paribas also rated the stock as ‘Outperform’.
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Analysis of Clarus Corp (CLAR)
It’s important to note that CLAR shareholders are currently getting $0.07 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -95.53%, showing a negative trend in the upcoming months.
Clarus Corp’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -5.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.22, 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and CLAR is registering an average volume of 359.49K. On a monthly basis, the volatility of the stock is set at 5.61%, whereas on a weekly basis, it is put at 10.85%, with a gain of 16.34% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.08, showing growth from the present price of $6.48, which can serve as yet another indication of whether CLAR is worth investing in or should be passed over.
How Do You Analyze Clarus Corp Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. 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 24.20%. 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 74.57% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CLAR shares are owned by institutional investors to the tune of 74.57% at present.
