While Crocs Inc has underperformed by -3.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CROX rose by 4.44%, with highs and lows ranging from $151.32 to $74.00, whereas the simple moving average jumped by 29.56% in the last 200 days.
On April 01, 2024, Barclays started tracking Crocs Inc (NASDAQ: CROX) recommending Overweight. A report published by KeyBanc Capital Markets on February 07, 2024, Initiated its previous ‘Overweight’ rating for CROX. BofA Securities also rated CROX shares as ‘Buy’, setting a target price of $128 on the company’s shares in an initiating report dated December 12, 2023. Raymond James November 28, 2023d the rating to Strong Buy on November 28, 2023, and set its price target from $98 to $115. Raymond James October 20, 2023d its ‘Mkt Perform’ rating to ‘Outperform’ for CROX, as published in its report on October 20, 2023. B. Riley Securities’s report from September 07, 2023 suggests a price prediction of $101 for CROX shares, giving the stock a ‘Neutral’ rating. Stifel also rated the stock as ‘Buy’.
Analysis of Crocs Inc (CROX)
Further, the quarter-over-quarter increase in sales is 1.58%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Crocs Inc’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 69.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.75, 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 CROX is recording an average volume of 1.49M. On a monthly basis, the volatility of the stock is set at 2.98%, whereas on a weekly basis, it is put at 3.13%, with a loss of -6.04% over the past seven days. Furthermore, long-term investors anticipate a median target price of $142.50, showing growth from the present price of $134.38, which can serve as yet another indication of whether CROX is worth investing in or should be passed over.
How Do You Analyze Crocs Inc Shares?
A leading company in the Footwear & Accessories sector, Crocs Inc (CROX) is based in the USA. When comparing Crocs Inc 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 10.49, there is a growth in quarterly earnings of 88.71%.
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 3.71%. 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 94.79% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CROX shares are owned by institutional investors to the tune of 94.79% at present.
