Clarus Corp [CLAR] stock prices are up 24.29% to $6.55 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CLAR shares have gain 10.64% over the last week, with a monthly amount glided 12.35%, and seem to be holding up well over a long-time horizon.
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On 8, March 2024, Clarus Board of Directors Approves Two of Its Top Shareholders to Increase Their Positions up to 15.0% and 26.7% of Shares Outstanding. In a post published today on Yahoo Finance, The board of directors for Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, has approved the respective requests of two of its largest shareholders, Greenhouse Funds LLLP (“Greenhouse”) and Clarus Executive Chairman Warren Kanders and its affiliates (collectively, “Kanders”), to be permitted under the Company’s Rights Agreement dated as of February 12, 2008, to increase their beneficial ownership. Greenhouse and Kanders have been permitted to increase their positions to up to 15.0% and 26.7% of the Company’s outstanding shares of common stock, respectively.
From an analyst’s perspective:
Clarus Corp [NASDAQ: CLAR] stock has seen the most recent analyst activity on January 04, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $7 from $13. Previously, B. Riley Securities started tracking the stock with Buy rating on June 29, 2023, and set its price target to $12. On May 03, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $10 on the stock. DA Davidson downgraded its rating to a Neutral and decreased its price target to $9 on November 08, 2022. Raymond James downgraded its rating to a Mkt Perform. BofA Securities started tracking with a Buy rating for this stock on December 21, 2021, and assigned it a price target of $35. In a note dated December 15, 2021, Exane BNP Paribas upgraded an Outperform rating on this stock but restated the target price of $33.
The stock price of Clarus Corp [CLAR] has been fluctuating between $4.77 and $10.44 over the past year. Clarus Corp [NASDAQ: CLAR] shares were valued at $6.55 at the most recent close of the market.
Analyzing the CLAR fundamentals
The Clarus Corp [NASDAQ:CLAR] reported sales of 285.63M for trailing twelve months, representing a drop of -95.53%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.94, Equity is -0.05 and Total Capital is -0.49.
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 5.69 points at the first support level, and at 4.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.02, and for the 2nd resistance point, it is at 7.48.
Clarus Corp [CLAR] reported earnings per share of $0.16 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.28/share, meaning a difference of -$0.12 and a surprise factor of -42.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.11 per share as compared to estimates of $0.13 per share, a difference of -$0.02 representing a surprise of -15.40%.
Ratios To Look Out For
It’s worth pointing out that Clarus Corp [NASDAQ:CLAR]’s Current Ratio is 1.75. As well, the Quick Ratio is 1.22. Considering the valuation of this stock, the price to sales ratio is 0.87, the price to book ratio is 0.86.
Transactions by insiders
Recent insider trading involved SOKOLOW NICOLAS, Director, that happened on May 23 ’23 when 11000.0 shares were purchased. Director, SOKOLOW NICOLAS completed a deal on May 22 ’23 to buy 12000.0 shares.
