At the time of writing, Clarus Corporation [CLAR] stock is trading at $12.47, up down -1.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLAR shares have lost -14.94% over the last week, with a monthly amount drifted -54.09%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Clarus Corporation [NASDAQ: CLAR] stock has seen the most recent analyst activity on August 18, 2022, when Raymond James downgraded its rating to a Mkt Perform. Previously, BofA Securities started tracking the stock with Buy rating on December 21, 2021, and set its price target to $35. On December 15, 2021, upgrade upgraded it’s rating to Outperform but maintained its price target of $33 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $32 on November 01, 2021. DA Davidson initiated its recommendation with a Buy and recommended $20 as its price target on January 26, 2021. In a note dated July 24, 2020, ROTH Capital upgraded an Buy rating on this stock.
For the past year, the stock price of Clarus Corporation fluctuated between $12.67 and $31.19. Currently, Wall Street analysts expect the stock to reach $31.63 within the next 12 months. Clarus Corporation [NASDAQ: CLAR] shares were valued at $12.47 at the most recent close of the market. An investor can expect a potential return of 153.65% based on the average price forecast.
Analyzing the CLAR fundamentals
According to Clarus Corporation [NASDAQ:CLAR], the company’s sales were 114.32 billion in the recent quarter, which represents an 56.80% jump. Gross Margin for this corporation currently stands at +31.63% with Operating Margin at +8.42%, Pretax Margin comes in at +3.69%, and Net Margin reading is +6.94%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.21 points at the first support level, and at 11.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.71, and for the 2nd resistance point, it is at 12.95.
Clarus Corporation [CLAR] reported earnings per share of $0.37 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.36/share, meaning a difference of $0.01 and a surprise factor of 2.80%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $0.45 per share as compared to estimates of $0.36 per share, a difference of $0.09 representing a surprise of 25.00%.
Ratios To Look Out For
It is important to note that Clarus Corporation [NASDAQ:CLAR] has a current ratio of 3.60. On the other hand, the Quick Ratio is 1.34, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 2.63, the price to book ratio is 2.78 and the P/E (TTM) ratio is 17.84.
Transactions by insiders
The next item on our agenda is insider trading, which has seen 5 insider purchases totaling 110,000 shares and 7 insider sales totaling 135,042 shares over the past 3 months. Recent insider trading involved HOUSE DONALD, Director, that happened on Aug 23 when 10000.0 shares were sold. Director, SOKOLOW NICOLAS completed a deal on Aug 18 to sell 15000.0 shares. Meanwhile, Director HENNING MICHAEL A sold 25000.0 shares on Aug 17.