While Crocs Inc has underperformed by -2.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CROX rose by 60.43%, with highs and lows ranging from $165.32 to $74.00, whereas the simple moving average jumped by 5.05% in the last 200 days.
On October 09, 2024, Guggenheim started tracking Crocs Inc (NASDAQ: CROX) recommending Buy. Raymond James also Downgraded CROX shares as ‘Outperform’, setting a target price of $164 on the company’s shares in a report dated August 02, 2024. Monness Crespi & Hardt Reiterated the rating as Buy on May 08, 2024, but set its price target from $140 to $170. Barclays initiated its ‘Overweight’ rating for CROX, as published in its report on April 01, 2024. KeyBanc Capital Markets’s report from February 07, 2024 suggests a price prediction of $130 for CROX shares, giving the stock a ‘Overweight’ rating. BofA Securities also rated the stock as ‘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.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Crocs Inc’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and CROX is recording an average volume of 1.17M. On a monthly basis, the volatility of the stock is set at 3.32%, whereas on a weekly basis, it is put at 3.24%, with a gain of 1.80% over the past seven days. Furthermore, long-term investors anticipate a median target price of $163.38, showing growth from the present price of $137.54, 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?
Crocs Inc (CROX) is based in the USA and is one of the most prominent companies operating in the Footwear & Accessories market. 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 10.34, there is a growth in quarterly earnings of 11.02%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 94.40% 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 94.40% at present.
