While Crocs Inc has underperformed by -0.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CROX rose by 39.05%, with highs and lows ranging from $165.32 to $74.00, whereas the simple moving average jumped by 1.16% in the last 200 days.
On August 23, 2024, Piper Sandler started tracking Crocs Inc (NASDAQ: CROX) recommending Overweight. A report published by Raymond James on August 02, 2024, Downgraded its rating to ‘Outperform’ for CROX. Monness Crespi & Hardt also reiterated CROX shares as ‘Buy’, quoting a target price of $170 on the company’s shares in a report dated May 08, 2024. Barclays Initiated an Overweight rating on April 01, 2024, and assigned a price target of $167. KeyBanc Capital Markets initiated its ‘Overweight’ rating for CROX, as published in its report on February 07, 2024. BofA Securities’s report from December 12, 2023 suggests a price prediction of $128 for CROX shares, giving the stock a ‘Buy’ rating. Raymond James also rated the stock as ‘Strong Buy’.
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Analysis of Crocs Inc (CROX)
Further, the quarter-over-quarter increase in sales is 3.65%, showing a positive trend in the upcoming months.
Crocs Inc’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 57.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.95, 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 CROX is registering an average volume of 1.27M. On a monthly basis, the volatility of the stock is set at 3.55%, whereas on a weekly basis, it is put at 4.03%, with a loss of -5.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $162.00, showing growth from the present price of $127.73, 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 giant in the Footwear & Accessories market, 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 9.61, there is a growth in quarterly earnings of 11.02%.
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 3.66%. 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 94.26% 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 94.26% at present.
